Hesai Group (HSAI) VP Yang Cailian reports options, RSUs and ADS stake
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Hesai Group director and Vice President of Operations Yang Cailian filed an initial Form 3 reporting existing equity interests in the company. The filing shows direct holdings of options over 181,042 Class B ordinary shares at an exercise price of $2.10 per share expiring on July 3, 2028, along with additional option grants at exercise prices of $3.30, $1.63, and $0.90 per share with expirations extending to November 18, 2031. It also discloses restricted share units that vest annually from December 1, 2026 through December 1, 2029, each representing a contingent right to receive Class B ordinary shares upon vesting, and direct ownership of 122,632 American depositary shares, each representing one Class B ordinary share. The Form 3 does not reflect new market purchases or sales but establishes Yang’s baseline ownership position.
Positive
- None.
Negative
- None.
Insider Trade Summary
18 transactions reported
Mixed
18 txns
Insider
Yang Cailian
Role
Vice President of Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Options (right to buy) | -- | -- | -- |
| holding | Options (right to buy) | -- | -- | -- |
| holding | Options (right to buy) | -- | -- | -- |
| holding | Options (right to buy) | -- | -- | -- |
| holding | Options (right to buy) | -- | -- | -- |
| holding | Options (right to buy) | -- | -- | -- |
| holding | Options (right to buy) | -- | -- | -- |
| holding | Options (right to buy) | -- | -- | -- |
| holding | Options (right to buy) | -- | -- | -- |
| holding | Options (right to buy) | -- | -- | -- |
| holding | Options (right to buy) | -- | -- | -- |
| holding | Options (right to buy) | -- | -- | -- |
| holding | Options (right to buy) | -- | -- | -- |
| holding | Restricted share units | -- | -- | -- |
| holding | Restricted share units | -- | -- | -- |
| holding | Restricted share units | -- | -- | -- |
| holding | Restricted share units | -- | -- | -- |
| holding | American depositary shares | -- | -- | -- |
Holdings After Transaction:
Options (right to buy) — 181,042 shares (Direct);
Restricted share units — 1,000 shares (Direct);
American depositary shares — 122,632 shares (Direct)
Footnotes (1)
- Each American depositary share represents one Class B ordinary share. Option to purchase 2,108 Class B ordinary shares has vested as of the date of this filing, and the remaining option will vest on a monthly basis since April 1, 2026, with 62 Class Bordinary shares vesting each month until April 1, 2027 and 79 Class B ordinary shares vesting on May 1, 2027. Represents restricted share units granted to the reporting person pursuant to the issuer's share incentive plan, which will vest on December 1, 2026 and do not have expiration dates. These restricted share units evidence the contingent right to receive Class B ordinary shares upon vesting. Represents restricted share units granted to the reporting person pursuant to the issuer's share incentive plan, which will vest on December 1, 2027 and do not have expiration dates. These restricted share units evidence the contingent right to receive Class B ordinary shares upon vesting. Represents restricted share units granted to the reporting person pursuant to the issuer's share incentive plan, which will vest on December 1, 2028 and do not have expiration dates. These restricted share units evidence the contingent right to receive Class B ordinary shares upon vesting. Represents restricted share units granted to the reporting person pursuant to the issuer's share incentive plan, which will vest on December 1, 2029 and do not have expiration dates. These restricted share units evidence the contingent right to receive Class B ordinary shares upon vesting.
FAQ
What does Hesai Group (HSAI) disclose about Yang Cailian in this Form 3?
The Form 3 shows that Yang Cailian, a director and Vice President of Operations, holds options, restricted share units, and American depositary shares of Hesai Group. It establishes Yang’s baseline ownership position but does not report any new trades or market transactions.
How many Hesai Group ADS does Yang Cailian report holding on Form 3?
Yang Cailian reports holding 122,632 American depositary shares of Hesai Group. A footnote states each ADS represents one Class B ordinary share, giving investors a clear view of this direct equity stake separate from options and restricted share units.
What stock options in Hesai Group (HSAI) are reported by Yang Cailian?
The filing lists options over 181,042 Class B ordinary shares at an exercise price of $2.10 expiring on July 3, 2028, plus additional option grants at $3.30, $1.63, and $0.90 per share with expirations extending through 2031, all held directly.
Does this Hesai Group (HSAI) Form 3 show insider buying or selling?
No new insider buying or selling is shown. The Form 3 records existing holdings—options, restricted share units, and ADS—held directly by Yang Cailian. Transaction counts for open-market purchases and sales are zero, indicating this is a baseline ownership disclosure, not a trading report.
What do the footnotes in Hesai Group’s Form 3 reveal about the securities?
Footnotes clarify that each ADS equals one Class B ordinary share and describe vesting schedules for restricted share units, which vest annually on December 1 from 2026 to 2029. They also detail monthly vesting mechanics for part of an option grant beginning April 1, 2026.