Atour’s Gao Lijun discloses options and ADS stake

Atour Lifestyle Holdings Ltd director and chief compliance officer Gao Lijun filed an initial ownership report showing holdings of employee stock options and American Depositary Shares.

Rhea-AI Filing Summary

Atour Lifestyle Holdings Ltd director and chief compliance officer Gao Lijun filed an initial ownership report showing holdings of employee stock options and American Depositary Shares. The options cover Class A Ordinary Shares at exercise prices of $2.97 and $0.01 per share, with expiration dates in 2032 and 2035. Reported option positions include tranches over 60,000, 75,000, 3,000, 3,842, 1,540, 2,563, and 1,028 Class A Ordinary Shares held directly. Gao also holds 121,062 American Depositary Shares directly, and each ADS represents three Class A Ordinary Shares according to the filing footnote.

Insider Trade Summary

10 transactions reported

Mixed 10 txns

Insider Gao Lijun

Role Chief compliance officer

Type	Security	Shares	Price	Value
holding	Employee Stock Options (Right to buy)	--	--	--
holding	Employee Stock Options (Right to buy)	--	--	--
holding	Employee Stock Options (Right to buy)	--	--	--
holding	Employee Stock Options (Right to buy)	--	--	--
holding	Employee Stock Options (Right to buy)	--	--	--
holding	Employee Stock Options (Right to buy)	--	--	--
holding	Employee Stock Options (Right to buy)	--	--	--
holding	Employee Stock Options (Right to buy)	--	--	--
holding	Employee Stock Options (Right to buy)	--	--	--
holding	American Depositary Shares	--	--	--

Holdings After Transaction: Employee Stock Options (Right to buy) — 296,973 contracts (Direct); American Depositary Shares — 121,062 shares (Direct)

Footnotes (1)

1. F1. Each American Depositary Share ("ADS") represents three Class A Ordinary Shares.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does Gao Lijun report owning in Atour Lifestyle Holdings (ATAT)?

Gao Lijun reports holding employee stock options over several tranches of Class A Ordinary Shares and 121,062 American Depositary Shares. These positions are held directly and disclosed as part of an initial Form 3 ownership statement.

How many American Depositary Shares does Gao Lijun hold in ATAT?

The filing shows direct ownership of 121,062 American Depositary Shares. A footnote explains that each ADS represents three Class A Ordinary Shares, giving investors a sense of Gao’s indirect interest in the underlying equity.

What stock option tranches are reported for Gao Lijun at Atour Lifestyle Holdings?

The report lists option tranches over 60,000 and 75,000 Class A Ordinary Shares at a $2.97 exercise price, plus smaller tranches such as 3,000 and 3,842 shares at a $0.01 exercise price, all held directly by Gao.

What are the exercise prices and expirations of Gao Lijun’s ATAT options?

Some options carry a $2.97 exercise price and expire on December 23, 2032. Others have a $0.01 exercise price and expire on February 23, 2035, providing long-dated potential rights to acquire Class A Ordinary Shares.

What role does Gao Lijun hold at Atour Lifestyle Holdings (ATAT)?

Gao Lijun is identified as both a director and the chief compliance officer. The Form 3 ownership statement discloses Gao’s direct holdings of stock options and American Depositary Shares in this executive and board capacity.

Does the Form 3 for ATAT show any insider buying or selling by Gao Lijun?

The Form 3 presents Gao Lijun’s existing holdings of options and ADSs rather than new purchases or sales. Transaction codes are not provided, and the entries are categorized as holdings, not open-market trades.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/18/2026 - 10:19 AM Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Gao Lijun

(Last) (First) (Middle)

1ST FLOOR, WUZHONG BUILDING,

618 WUZHONG ROAD, MINHANG DISTRICT,

(Street)

SHANGHAI 201103

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Atour Lifestyle Holdings Ltd [ ATAT ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief compliance officer

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
American Depositary Shares	121,062(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Options (Right to buy)	12/24/2023	12/23/2032	Class A Ordinary Shares	60,000	$2.97	D
Employee Stock Options (Right to buy)	12/24/2024	12/23/2032	Class A Ordinary Shares	75,000	$2.97	D
Employee Stock Options (Right to buy)	12/24/2025	12/23/2032	Class A Ordinary Shares	75,000	$2.97	D
Employee Stock Options (Right to buy)	12/24/2026	12/23/2032	Class A Ordinary Shares	75,000	$2.97	D
Employee Stock Options (Right to buy)	02/24/2025	02/23/2035	Class A Ordinary Shares	3,000	$0.01	D
Employee Stock Options (Right to buy)	01/02/2026	02/23/2035	Class A Ordinary Shares	3,842	$0.01	D
Employee Stock Options (Right to buy)	01/02/2026	02/23/2035	Class A Ordinary Shares	1,540	$0.01	D
Employee Stock Options (Right to buy)	01/02/2027	02/23/2035	Class A Ordinary Shares	2,563	$0.01	D
Employee Stock Options (Right to buy)	01/02/2027	02/23/2035	Class A Ordinary Shares	1,028	$0.01	D

Explanation of Responses:

1. Each American Depositary Share ("ADS") represents three Class A Ordinary Shares.

	/s/ Lijun Gao	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)