Burning Rock Biotech (BNR) director lists indirect fund-held shares

Rhea-AI Filing Summary

Burning Rock Biotech Ltd director Deng Feng filed an initial Form 3 reporting indirect holdings of the company’s Ordinary Shares. The filing shows positions held through Northern Light Venture Fund III, L.P., Northern Light Strategic Fund III, L.P., and Northern Light Partners Fund III, L.P.

These Cayman Islands partnerships are managed by Northern Light Venture Capital III, Ltd., where Deng Feng serves as director and makes investment decisions. He disclaims beneficial ownership of the reported securities for Section 16 purposes, except to the extent of any pecuniary interest.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider DENG FENG

Role Director

Type	Security	Shares	Price	Value
holding	Ordinary Shares	--	--	--
holding	Ordinary Shares	--	--	--
holding	Ordinary Shares	--	--	--

Holdings After Transaction: Ordinary Shares — 10,542,529 shares (Indirect, By Northern Light Venture Fund III, L.P.)

Footnotes (1)

1. These shares are owned directly by Northern Light Venture Fund III, L.P., or NLVF III, a Cayman Islands exempted limited liability partnership. Northern Light Venture Capital III, Ltd., or NLVC, is the general partner of Northern Light Partners III, L.P., which in turn is the general partner of NLVF III. The Reporting Person is the director of NLVC and makes investment decisions with respect to the securities held by NLVF III. The reporting person disclaims beneficial ownership of the securities reported herein for purposes of Section 16, except to the extent of his pecuniary interest therein, if any. These shares are owned directly by Northern Light Strategic Fund III, L.P., or NLSF III, a Cayman Islands exempted limited liability partnership. NLVC is the general partner of Northern Light Partners III, L.P., which in turn is the general partner of NLSF III. The Reporting Person is the director of NLVC and makes investment decisions with respect to the securities held by NLSF III. The reporting person disclaims beneficial ownership of the securities reported herein for purposes of Section 16, except to the extent of his pecuniary interest therein, if any. These shares are owned directly by Northern Light Partners Fund III, L.P., or NLPF III, a Cayman Islands exempted limited liability partnership, NLVC is the general partner of Northern Light Partners III, L.P., which in turn is the general partner of NLPF III. The Reporting Person is the director of NLVC and makes investment decisions with respect to the securities held by NLPF III. The reporting person disclaims beneficial ownership of the securities reported herein for purposes of Section 16, except to the extent of his pecuniary interest therein, if any.

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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^*

DENG FENG

(Last) (First) (Middle)

UNIT 3203, CHINA CENTRAL PLACE

NO. 79 JIANGUO ROAD, CHAOYANG DISTRICT

(Street)

BEIJING 100025

(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
Burning Rock Biotech Ltd [ BNR ]

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
	Officer (give title below)		Other (specify below)

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)
Ordinary Shares	10,542,529	I(1)	By Northern Light Venture Fund III, L.P.
Ordinary Shares	1,188,025	I(2)	By Northern Light Venture Fund III, L.P.
Ordinary Shares	149,691	I(3)	By Northern Light Venture Fund III, L.P.

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

Explanation of Responses:

1. These shares are owned directly by Northern Light Venture Fund III, L.P., or NLVF III, a Cayman Islands exempted limited liability partnership. Northern Light Venture Capital III, Ltd., or NLVC, is the general partner of Northern Light Partners III, L.P., which in turn is the general partner of NLVF III. The Reporting Person is the director of NLVC and makes investment decisions with respect to the securities held by NLVF III. The reporting person disclaims beneficial ownership of the securities reported herein for purposes of Section 16, except to the extent of his pecuniary interest therein, if any.

2. These shares are owned directly by Northern Light Strategic Fund III, L.P., or NLSF III, a Cayman Islands exempted limited liability partnership. NLVC is the general partner of Northern Light Partners III, L.P., which in turn is the general partner of NLSF III. The Reporting Person is the director of NLVC and makes investment decisions with respect to the securities held by NLSF III. The reporting person disclaims beneficial ownership of the securities reported herein for purposes of Section 16, except to the extent of his pecuniary interest therein, if any.

3. These shares are owned directly by Northern Light Partners Fund III, L.P., or NLPF III, a Cayman Islands exempted limited liability partnership, NLVC is the general partner of Northern Light Partners III, L.P., which in turn is the general partner of NLPF III. The Reporting Person is the director of NLVC and makes investment decisions with respect to the securities held by NLPF III. The reporting person disclaims beneficial ownership of the securities reported herein for purposes of Section 16, except to the extent of his pecuniary interest therein, if any.

Remarks:

Exhibit 24 (Power of Attorney)

	/s/ Yuheng Huang, Attorney-in-Fact for Deng Feng	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)

FAQ

What does Deng Feng’s Form 3 filing for Burning Rock Biotech (BNR) show?

The Form 3 shows Deng Feng as a director with indirect holdings of Burning Rock Biotech Ordinary Shares through several Northern Light funds. It is an initial ownership report, not a record of new share purchases or sales.

How does Deng Feng hold Burning Rock Biotech (BNR) shares according to the Form 3?

The shares are held indirectly through Northern Light Venture Fund III, L.P., Northern Light Strategic Fund III, L.P., and Northern Light Partners Fund III, L.P. These Cayman partnerships are managed by Northern Light Venture Capital III, Ltd., where Deng Feng is a director.

Does the Burning Rock Biotech (BNR) Form 3 report any insider buying or selling?

The Form 3 records existing indirect holdings and uses holding-type entries with unknown transaction codes. It does not categorize any activity as buys or sells and functions as an initial statement of beneficial ownership for Section 16 reporting.

What ownership disclaimer does Deng Feng include in the Burning Rock Biotech (BNR) Form 3?

He disclaims beneficial ownership of the reported securities for Section 16 purposes, except to the extent of his pecuniary interest. This means economic interest may exist, but he does not claim full beneficial ownership of all shares held by the funds.

What role do Northern Light entities play in the Burning Rock Biotech (BNR) holdings?

Northern Light Venture Capital III, Ltd. is the general partner of entities that, in turn, are general partners of the Northern Light funds holding Burning Rock shares. As a director of this manager, Deng Feng makes investment decisions for those fund-held positions.