Hesai Group (HSAI) CEO Li Yifan reports 8.88M Class A shares on Form 3

Rhea-AI Filing Summary

Hesai Group director and Chief Executive Officer Li Yifan filed an initial statement of beneficial ownership of the company’s equity securities. The filing reports indirect ownership of 8,879,636 Class A ordinary shares held through ALBJ Limited, reflecting Li’s existing stake rather than a new share purchase or sale.

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^*

Li Yifan

(Last) (First) (Middle)

10TH FLOOR, BUILDING A

NO. 658 ZHAOHUA ROAD, CHANGNING DISTRICT

(Street)

SHANGHAI 200050

(City) (State) (Zip)

UNITED STATES

(Country)

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

3. Issuer Name and Ticker or Trading Symbol
Hesai Group [ HSAI ]

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 Executive 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)
Class A ordinary shares	8,879,636	I	by ALBJ Limited

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

Explanation of Responses:

	/s/ Yifan Li	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 Li Yifan’s Form 3 for Hesai Group (HSAI) show?

The Form 3 shows that Li Yifan beneficially owns 8,879,636 Class A ordinary shares of Hesai Group. These shares are reported as being held indirectly through ALBJ Limited, indicating an existing stake rather than new trading activity.

Is Li Yifan’s Hesai Group (HSAI) Form 3 a buy or sell signal?

The Form 3 is not a buy or sell signal; it is an initial ownership report. It discloses that 8,879,636 Class A ordinary shares are indirectly held through ALBJ Limited, without reporting any recent purchases or sales of Hesai Group stock.

How many Hesai Group (HSAI) shares does Li Yifan indirectly hold?

Li Yifan indirectly holds 8,879,636 Class A ordinary shares of Hesai Group. The filing attributes these shares to ownership through ALBJ Limited, providing transparency into the scale of his beneficial interest in the company’s equity.

How are Li Yifan’s Hesai Group (HSAI) shares held according to the Form 3?

According to the Form 3, Li Yifan’s interest in 8,879,636 Class A ordinary shares is held indirectly through ALBJ Limited. This means the shares are registered to that entity, with Li reporting beneficial ownership rather than direct personal registration.

Does Li Yifan’s Hesai Group (HSAI) Form 3 report any recent transactions?

The Form 3 does not report recent transactions; it records a holding entry. It lists 8,879,636 Class A ordinary shares indirectly owned through ALBJ Limited, serving as a baseline disclosure of Li Yifan’s existing beneficial ownership position.