Chagee Holdings (CHA) COO details options and large trust stake

Rhea-AI Filing Summary

Chagee Holdings Ltd. Chief Operating Officer Yin Dengfeng filed an initial Form 3 reporting his equity interests. He holds employee stock options covering 241,281 Class A Ordinary Shares at an exercise price of 3.7614 per share, expiring on May 1, 2034, with 80,427 shares scheduled to vest on each of March 1, 2026, March 1, 2027 and March 1, 2028. He also directly holds 267,226 American Depositary Shares, each representing one Class A Ordinary Share, and has indirect ownership of 11,522,236 Class A Ordinary Shares through TeaTide Limited, a trust-related entity over which he retains investment power.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Yin Dengfeng

Role Chief Operating Officer

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

Holdings After Transaction: Employee Stock Options (Right to buy) — 241,281 shares (Direct); American Depositary Shares — 267,226 shares (Direct); Class A Ordinary Shares — 11,522,236 shares (Indirect, By TeaTide Limited)

Footnotes (1)

1. Each American Depositary Share ("ADS") represents one Class A Ordinary Share. TeaTide Limited, a company organized and existing under the laws of British Virgin Islands controlled by Starry Ocean Wisdom Limited, which in turn is wholly owned by Starry Ocean Development Limited, both of which are companies organized and existing under the laws of British Virgin Islands. Starry Ocean Development Limited is controlled by Starry Ocean Trust, a trust established under the laws of Cayman Islands and managed by Trident Trust Company (Cayman) Limited as the trustee. The Reporting Person is the settler and protector of the trust, and he and his family members are the trust's beneficiaries. Under the terms of the trust, the Reporting Person retains the investment power with respect to the assets of the trust. Represents an option to purchase 241,281 Class A Ordinary Shares, with 80,427 Class A Ordinary Shares subject to the option vesting on March 1, 2026, March 1, 2027 and March 1, 2028, respectively.

Understanding Insider Trading Forms →

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^*

Yin Dengfeng

(Last) (First) (Middle)

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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operating 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	267,226(1)	D
Class A Ordinary Shares	11,522,236	I	By TeaTide Limited(2)

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)	(3)	05/01/2034	Class A Ordinary Shares	241,281(3)	$3.7614	D

Explanation of Responses:

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

2. TeaTide Limited, a company organized and existing under the laws of British Virgin Islands controlled by Starry Ocean Wisdom Limited, which in turn is wholly owned by Starry Ocean Development Limited, both of which are companies organized and existing under the laws of British Virgin Islands. Starry Ocean Development Limited is controlled by Starry Ocean Trust, a trust established under the laws of Cayman Islands and managed by Trident Trust Company (Cayman) Limited as the trustee. The Reporting Person is the settler and protector of the trust, and he and his family members are the trust's beneficiaries. Under the terms of the trust, the Reporting Person retains the investment power with respect to the assets of the trust.

3. Represents an option to purchase 241,281 Class A Ordinary Shares, with 80,427 Class A Ordinary Shares subject to the option vesting on March 1, 2026, March 1, 2027 and March 1, 2028, respectively.

	/s/ Dengfeng Yin	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 Yin Dengfeng report in his Form 3 for Chagee Holdings (CHA)?

Yin Dengfeng reports his initial ownership in Chagee Holdings, including stock options and share holdings. The filing lists employee stock options, direct American Depositary Share holdings, and a large indirect stake in Class A Ordinary Shares through TeaTide Limited.

How many stock options does Yin Dengfeng hold in Chagee Holdings (CHA)?

He holds employee stock options over 241,281 Class A Ordinary Shares at an exercise price of $3.7614, expiring May 1, 2034. These options vest in three equal tranches of 80,427 shares on March 1, 2026, March 1, 2027 and March 1, 2028.

What direct share holdings does Yin Dengfeng have in Chagee Holdings (CHA)?

He directly holds 267,226 American Depositary Shares of Chagee Holdings. Each ADS represents one Class A Ordinary Share, giving him a sizeable direct equity position alongside his stock options and indirect ownership through a related entity.

What is TeaTide Limited’s role in Yin Dengfeng’s Chagee (CHA) ownership?

TeaTide Limited holds 11,522,236 Class A Ordinary Shares indirectly for Yin Dengfeng and his family. It is part of a trust structure where he is settlor and protector, and he retains investment power over the trust’s assets under its terms.

Is Yin Dengfeng’s Form 3 for Chagee (CHA) a buy or sell transaction?

The Form 3 is not a buy or sell; it is an initial ownership report. It records existing holdings in options, American Depositary Shares, and indirectly held Class A Ordinary Shares, without disclosing any new purchases or sales on the reported date.