Hesai Group (NASDAQ: HSAI) share subdivision triggers option and RSU adjustments
Rhea-AI Filing Summary
Hesai Group reports that a previously approved Share Subdivision has become effective on July 10, 2026, with trading in the Subdivided Class B Ordinary Shares on the Hong Kong Stock Exchange commencing at 9:00 a.m. that day. Existing share certificates remain valid for delivery, trading and settlement only until 4:10 p.m. on August 17, 2026, after which they may still be exchanged as evidence of legal title. The board lot size for Class B Ordinary Shares has changed from 20 existing shares to 100 Subdivided shares, with a temporary counter for 160 Subdivided shares open between July 10 and August 13, 2026. Outstanding awards under the 2021 equity plan have been adjusted: share options increased from 7,717,032 to 61,736,256 Subdivided Class B Ordinary Shares, and RSUs from 2,186,853 to 17,494,824 underlying Subdivided Class B Ordinary Shares, with exercise and purchase prices adjusted accordingly. The company’s auditors have confirmed that these adjustments comply with the 2021 Plan and Hong Kong Listing Rules guidance.
Positive
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Negative
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Insights
Hesai’s share subdivision is mainly a technical adjustment to trading units and equity awards.
The company’s Share Subdivision took effect on July 10, 2026, changing the Hong Kong trading board lot from 20 existing Class B Ordinary Shares to 100 Subdivided Class B Ordinary Shares. This sort of change typically aims to make each trading lot more accessible without altering overall economic ownership.
Outstanding equity incentives under the 2021 Plan were adjusted so that option and RSU holders maintain the same economic position. Options increased from 7,717,032 to 61,736,256 Subdivided Class B Ordinary Shares, and RSUs from 2,186,853 to 17,494,824, with exercise and purchase prices revised in line with the subdivision. Company auditors confirmed the adjustments comply with the plan terms and Hong Kong Listing Rules guidance.
Key Figures
Key Terms
board lot size financial
RSUs financial
weighted voting rights financial
2021 Plan financial
Hong Kong Listing Rules regulatory
FAQ
Did auditors review Hesai Group’s (HSAI) adjustments to options and RSUs?
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of July 2026
Commission File Number: 001-41611
Hesai Group
10th Floor, Building A
No. 658 Zhaohua Road, Changning District
Shanghai 200050
People’s Republic of China
(Address
of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F ¨
Exhibit Index
| 99.1 | Announcement—(1) Share Subdivision Becoming Effective on July 10, 2026; and (2) Adjustments to Outstanding Share Options and RSUs |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Hesai Group | |||
| By | : | /s/ Yifan Li | |
| Name | : | Yifan Li | |
| Title | : | Chief Executive Officer | |
Date: July 10, 2026
Exhibit 99.1
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
Hesai Group
禾 賽 科 技 *
(A company controlled through weighted voting rights and incorporated in the Cayman Islands with limited liability)
(HKEX Stock Code: 2525)
(NASDAQ Stock Ticker: HSAI)
(1) SHARE SUBDIVISION BECOMING EFFECTIVE ON JULY 10, 2026;
AND
(2) ADJUSTMENTS TO OUTSTANDING SHARE OPTIONS AND RSUs
References are made to the announcement, the circular (the “Circular”) and notice of the annual general meeting (the “AGM”) of Hesai Group (the “Company”) each dated May 26, 2026, in relation to, among others, the Share Subdivision, and the announcement of the Company dated June 26, 2026 in respect of the poll results of the AGM. Unless otherwise required by the context, capitalized terms used in this announcement shall have the same meanings as defined in the Circular.
SHARE SUBDIVISION BECOMING EFFECTIVE ON JULY 10, 2026
The Board is pleased to announce that all the conditions of the Share Subdivision have been fulfilled and the Share Subdivision has become effective on Friday, July 10, 2026 (the “Effective Date”). Dealing in the Subdivided Class B Ordinary Shares on the Hong Kong Stock Exchange commences at 9:00 a.m. on Friday, July 10, 2026.
Please refer to the Circular for further details of, among others, the trading arrangement, the arrangement for free exchange of Share certificates and matching services for odd lots of the Subdivided Class B Ordinary Shares in connection with the Share Subdivision. Shareholders should note that upon the Share Subdivision becoming effective, the new share certificates of the Subdivided Class B Ordinary Shares will be issued in yellow colour.
Upon the Share Subdivision becoming effective, the Existing Share Certificates for the Shares will only be valid for delivery, trading and settlement purposes for the period up to 4:10 p.m. on Monday, August 17, 2026 and thereafter will not be accepted for delivery, trading and settlement purposes. However, the Existing Share Certificates will continue to be good evidence of legal title and may be exchanged for Subdivided Share Certificates for the Subdivided Shares at any time.
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CHANGE IN BOARD LOT SIZE
As a result of the Share Subdivision becoming effective, the Change in Board Lot Size will come into effect on Friday, July 10, 2026. The board lot size of the Class B Ordinary Shares for trading on the Hong Kong Stock Exchange will be changed from 20 existing Class B Ordinary Shares to 100 Subdivided Class B Ordinary Shares. There will be a temporary counter open for trading in temporary board lot of 160 Subdivided Class B Ordinary Shares (in the form of Existing Share Certificates) between 9:00 a.m. on Friday, July 10, 2026 and 4:10 p.m. on Thursday, August 13, 2026. For details of the trading arrangement, please refer to the Circular and the expected timetable therein.
ADJUSTMENTS TO OUTSTANDING SHARE OPTIONS AND RSUs
Prior to the Share Subdivision becoming effective, there were (i) 7,717,032 outstanding share options granted under the 2021 Plan to subscribe for an aggregate of 7,717,032 existing Class B Ordinary Shares; and (ii) 2,186,853 outstanding RSUs granted under the 2021 Plan representing an aggregate of 2,186,853 underlying existing Class B Ordinary Shares.
Upon the Share Subdivision becoming effective, (i) pro-rata adjustments will be made to the exercise prices and the number of outstanding share options and the number of outstanding RSUs which have been granted under the 2021 Plan; and (ii) there will be (a) 61,736,256 outstanding share options granted under the 2021 Plan to subscribe for an aggregate of 61,736,256 Subdivided Class B Ordinary Shares, and (b) 17,494,824 outstanding RSUs granted under the 2021 Plan representing an aggregate of 17,494,824 underlying Subdivided Class B Ordinary Shares.
Details of the adjustments to the outstanding share options and the RSUs to be made upon the Share Subdivision becoming effective on Friday, July 10, 2026 are as follows:
Adjustments to the Outstanding Share Options
Pursuant to the terms and conditions of the 2021 Plan, the exercise price and the number of the outstanding share options granted under the 2021 Plan have been adjusted in the following manner with effect from the Effective Date:
| Before adjustments | After adjustments | ||||||||||||||
| Number of Existing | Number of | ||||||||||||||
| Class B Ordinary | Exercise price | Subdivided Shares | Exercise price per | ||||||||||||
| Shares to be issued | per Existing | to be issued upon | Subdivided | ||||||||||||
| upon exercise of | Class B | exercise of | Class B | ||||||||||||
| the outstanding | Ordinary | the outstanding | Ordinary | ||||||||||||
| Name of Grantees | Date of Grant | share options | Share (US$) | share options | Share (US$) | ||||||||||
| Cailian Yang | July 3, 2021 | 181,042 | 2.10 | 1,448,336 | 0.2625 | ||||||||||
| November 22, 2021 | 37,766 | 3.30 | 302,128 | 0.4125 | |||||||||||
| June 5, 2023 | 30,266 | 1.63 | 242,128 | 0.20375 | |||||||||||
| November 18, 2024 | 32,000 | 0.90 | 256,000 | 0.1125 | |||||||||||
| Other Employees | July 3, 2021 – August 29, 2025 | 7,435,958 | 0.1-5.15 | 59,487,664 | 0.0125-0.64375 | ||||||||||
| Total | – | 7,717,032 | – | 61,736,256 | – | ||||||||||
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Adjustments to the Outstanding RSUs
Pursuant to the terms and conditions of the 2021 Plan, the number of the outstanding RSUs granted under the 2021 Plan have been adjusted in the following manner with effect from the Effective Date:
| Before adjustments | After adjustments | ||||||||||||||
| Number of Existing | Purchase Price | Number of | Purchase Price | ||||||||||||
| Class B Ordinary | of RSUs prior | Subdivided Shares | of RSUs | ||||||||||||
| Shares to be issued | to the Share | to be issued upon | upon Share | ||||||||||||
| upon vesting of | Subdivision | vesting of the | Subdivision | ||||||||||||
| the outstanding | becoming | outstanding | becoming | ||||||||||||
| Name of Grantees | Date of Grant | RSUs | effective | RSUs | effective | ||||||||||
| Directors | |||||||||||||||
| Yifan Li | March 25, 2026 | 157,000 | Nil | 1,256,000 | Nil | ||||||||||
| Kai Sun | March 25, 2026 | 157,000 | Nil | 1,256,000 | Nil | ||||||||||
| Shaoqing Xiang | March 25, 2026 | 157,000 | Nil | 1,256,000 | Nil | ||||||||||
| Cailian Yang | November 12, 2025 | 4,000 | Nil | 32,000 | Nil | ||||||||||
| Zhang Yi | February 7, 2025 | 5,953 | Nil | 47,624 | Nil | ||||||||||
| Ren Jia | November 12, 2025 | 7,116 | Nil | 56,928 | Nil | ||||||||||
| Hui Wang | March 25, 2026 | 6,565 | Nil | 52,520 | Nil | ||||||||||
| Employees | |||||||||||||||
| Other Employees | May 30, 2023 – June 12, 2026 | 1,692,219 | Nil | 13,537,752 | Nil | ||||||||||
| Total | – | 2,186,853 | – | 17,494,824 | – | ||||||||||
In accordance with the terms and conditions of the 2021 Plan, the above adjustments in relation to the outstanding Share Options and outstanding RSUs will take effect on the Effective Date. Save for the above adjustments, all other terms and conditions of the 2021 Plan remain unchanged.
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The Company’s auditors have confirmed in writing that the above pro-rata adjustments made to (a) the exercise price and number of the Subdivided Class B Ordinary Shares falling to be issued upon the exercise of the outstanding share options and (b) the purchase price and number of the Subdivided Class B Ordinary Shares to be issued upon the vesting of the outstanding RSUs are (i) in accordance with the terms and conditions of the 2021 Plan; (ii) satisfy the requirements set out in the supplementary guidance under Rule 17.03(13) of the Hong Kong Listing Rules; and (iii) comply with Appendix 1 to Frequently Asked Questions FAQ13 No.1-20 published by the Stock Exchange.
| By order of the Board | |
| Hesai Group | |
| Dr. Yifan Li | |
| Chairman of the Board, Executive Director | |
| and Chief Executive Officer |
Hong Kong, July 10, 2026
As at the date of this announcement, the Board comprises: (i) Dr. Yifan Li, Dr. Kai Sun, Mr. Shaoqing Xiang and Ms. Cailian Yang as the executive Directors; and (ii) Ms. Yi Zhang, Mr. Jia Ren and Dr. Hui Wang as the independent non-executive Directors.
* For identification purposes only
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