Chagee Holdings (CHA) VP Lu Mian reports Form 3 share and option stakes

Rhea-AI Filing Summary

Chagee Holdings Ltd. vice president Lu Mian filed an initial ownership report showing a mix of direct option awards and indirect share holdings. He holds employee stock options over 125,667 Class A Ordinary Shares that vest in tranches from March 1, 2025 through March 1, 2028, with very low exercise prices disclosed in the footnotes. Additional option grants cover 94,885 and 30,421 Class A Ordinary Shares. Indirectly, 1,199,981 Class A Ordinary Shares are held through TeaNexus Limited, a British Virgin Islands company wholly owned by him.

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

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1. Name and Address of Reporting Person^*

Lu Mian

(Last) (First) (Middle)

20 TOWER B, HONGQIAO LIANHE BUILDING,

NO. 99 KAIHONG ROAD, CHANGNING DISTRICT

(Street)

SHANGHAI SHANGHAI 200051

(City) (State) (Zip)

CHINA

(Country)

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

3. Issuer Name and Ticker or Trading Symbol
Chagee Holdings Ltd. [ CHA ]

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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Vice President

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)
Class A Ordinary Shares	1,199,981	I	By TeaNexus Limited(1)

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)	(2)	05/01/2034	Class A Ordinary Shares	125,667(2)	$3.7614	D
Employee Stock Options (Right to buy)	04/17/2025	05/01/2034	Class A Ordinary Shares	94,885	(3)	D
Employee Stock Options (Right to buy)	04/17/2025	05/01/2034	Class A Ordinary Shares	30,421	(4)	D

Explanation of Responses:

1. TeaNexus Limited, a company organized and existing under the laws of British Virgin Islands, is wholly owned by Mr. Mian Lu.

2. Represents an option to purchase 125,667 Class A Ordinary Shares, 31,416 Class A Ordinary Shares subject to the option vested on March 1, 2025 and with 31,417 Class A Ordinary Shares subject to the option vesting on March 1, 2026, March 1, 2027, and March 1, 2028, respectively.

3. The option exercise price is US$0.0000015 per Class A Ordinary Share.

4. The option exercise price is US$0.0000046 per Class A Ordinary Share.

	/s/ Mian Lu	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.
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* Form 3: SEC 1473 (03-26)

FAQ

What does Lu Mian’s Form 3 filing for Chagee Holdings (CHA) show?

The Form 3 shows vice president Lu Mian’s initial ownership in Chagee Holdings, including several employee stock option grants and a large block of Class A Ordinary Shares held indirectly through TeaNexus Limited, which he wholly owns.

How many Chagee Holdings (CHA) shares does TeaNexus Limited hold for Lu Mian?

TeaNexus Limited holds 1,199,981 Class A Ordinary Shares of Chagee Holdings. The filing notes that TeaNexus Limited is a British Virgin Islands company that is wholly owned by Mr. Lu, giving him indirect beneficial ownership of these shares.

What stock options in Chagee Holdings (CHA) are reported for Lu Mian?

The filing reports employee stock options over 125,667 Class A Ordinary Shares plus additional grants over 94,885 and 30,421 shares. These options give him the right to purchase Class A Ordinary Shares under the company’s equity incentive arrangements.

How do Lu Mian’s 125,667-share options in Chagee Holdings (CHA) vest?

The 125,667-share option vests in four installments: 31,416 shares vested on March 1, 2025, and 31,417 shares vest on March 1, 2026, March 1, 2027, and March 1, 2028, aligning vesting with a multi‑year service period.

What exercise prices are disclosed for Lu Mian’s Chagee Holdings (CHA) options?

Footnotes state option exercise prices of US$0.0000015 and US$0.0000046 per Class A Ordinary Share for certain grants. These very low exercise prices mean the options can be exercised for a minimal cash cost relative to the share value.

Are there buy or sell transactions in Lu Mian’s Chagee Holdings (CHA) Form 3?

The Form 3 is an initial ownership report listing existing holdings rather than new market trades. Entries are categorized as holdings, and the transaction summary shows no recorded buys or sells, only reported positions in shares and stock options.