GreenTree Hospitality (NYSE: GHG) director reports 10,000 stock options

Rhea-AI Filing Summary

GreenTree Hospitality Group Ltd. director Zhu Yanjie reported holdings of employee stock options granted under the 2018 Share Incentive Plan. These options relate to 10,000 Class A Ordinary Shares at an exercise price of $14.00 per share and expire on December 31, 2027. The filing reflects an existing option position rather than a new open‑market trade.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Zhu Yanjie

Role Director

Type	Security	Shares	Price	Value
holding	Employee Stock Option (2018 Share Incentive Plan)	--	--	--

Holdings After Transaction: Employee Stock Option (2018 Share Incentive Plan) — 10,000 shares (Direct)

Footnotes (1)

Key Figures

Underlying shares: 10,000 shares Exercise price: $14.00 per share Options expiration: December 31, 2027 +1 more

4 metrics

Underlying shares 10,000 shares Class A Ordinary Shares underlying reported options

Exercise price $14.00 per share Employee Stock Option (2018 Share Incentive Plan)

Options expiration December 31, 2027 Expiration date of reported employee stock options

Options held 10,000 options Total shares following transaction for option holding entry

Key Terms

Employee Stock Option (2018 Share Incentive Plan), Class A Ordinary Shares, exercise price, Form 3

4 terms

Employee Stock Option (2018 Share Incentive Plan) financial

"security_title: "Employee Stock Option (2018 Share Incentive Plan)""

Class A Ordinary Shares financial

"underlying_security_title: "Class A Ordinary Shares""

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

exercise price financial

"conversion_or_exercise_price: "14.0000""

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

Form 3 regulatory

"INSIDER FILING DATA (Form 3):"

Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.

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^*

Zhu Yanjie

(Last) (First) (Middle)

LANE 510, JIACHANG WEST RD.

(Street)

SHANGHAI 200436

(City) (State) (Zip)

CHINA

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/31/2026

3. Issuer Name and Ticker or Trading Symbol
GreenTree Hospitality Group Ltd. [ GHG ]

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)

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 Option (2018 Share Incentive Plan)	12/31/2022	12/31/2027	Class A Ordinary Shares	10,000	$14	D

Explanation of Responses:

	/s/Yanjie Zhu	03/31/2026
	** 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 insider position did Zhu Yanjie report at GreenTree Hospitality (GHG)?

Zhu Yanjie reported holding employee stock options under GreenTree’s 2018 Share Incentive Plan. These options cover 10,000 Class A Ordinary Shares at a $14.00 exercise price, giving him the right to purchase shares at that price before they expire in 2027.

How many GreenTree Hospitality (GHG) shares are covered by Zhu Yanjie’s options?

The options reported by Zhu Yanjie cover 10,000 underlying Class A Ordinary Shares. This means he can acquire up to 10,000 shares if he exercises all the options, subject to the $14.00 per share exercise price and the stated expiration date.

What is the exercise price of Zhu Yanjie’s GreenTree (GHG) stock options?

The employee stock options held by Zhu Yanjie have an exercise price of $14.00 per share. This fixed price is what he would pay to convert each option into a Class A Ordinary Share, provided he exercises before the option expiration date.

When do Zhu Yanjie’s GreenTree Hospitality (GHG) stock options expire?

The reported employee stock options for Zhu Yanjie expire on December 31, 2027. He must exercise the options by that date to acquire the underlying Class A Ordinary Shares at the $14.00 exercise price specified in the filing.

Does the GreenTree (GHG) Form 3 show any recent insider share purchases or sales?

The Form 3 highlights Zhu Yanjie’s existing employee stock option holdings rather than new market trades. It lists 10,000 underlying Class A Ordinary Shares tied to options at a $14.00 exercise price, with no separate buy or sell transaction entries reported.