Hesai Group (NASDAQ: HSAI) director discloses RSU awards on Form 3

Rhea-AI Filing Summary

Hesai Group director Ren Jia has filed an initial ownership report detailing restricted share units (RSUs). These RSUs give a contingent right to receive Class B ordinary shares when they vest. According to the disclosure, the awards vest in three tranches on November 11, 2026, September 8, 2027, and September 7, 2028, and do not have expiration dates.

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^*

Ren Jia

(Last) (First) (Middle)

10TH FLOOR, BUILDING A

NO. 658 ZHAOHUA ROAD, CHANGNING DISTRICT

(Street)

SHANGHAI 200050

(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
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
	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
Restricted share units	(1)	(1)	Class B ordinary shares	2,372	(1)	D
Restricted share units	(2)	(2)	Class B ordinary shares	2,372	(2)	D
Restricted share units	(3)	(3)	Class B ordinary shares	2,372	(3)	D

Explanation of Responses:

1. Represents restricted share units granted to the reporting person pursuant to the issuer's share incentive plan, which will vest on November 11, 2026 and do not have expiration dates. These restricted share units evidence the contingent right to receive Class B ordinary shares upon vesting.

2. Represents restricted share units granted to the reporting person pursuant to the issuer's share incentive plan, which will vest on September 8, 2027 and do not have expiration dates. These restricted share units evidence the contingent right to receive Class B ordinary shares upon vesting.

3. Represents restricted share units granted to the reporting person pursuant to the issuer's share incentive plan, which will vest on September 7, 2028 and do not have expiration dates. These restricted share units evidence the contingent right to receive Class B ordinary shares upon vesting.

	/s/ Jia Ren	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 Hesai Group (HSAI) director Ren Jia report on this Form 3?

Ren Jia reports ownership of restricted share units granted under Hesai Group’s share incentive plan. These RSUs provide a contingent right to receive Class B ordinary shares upon vesting, establishing the director’s initial derivative equity position as required in an initial insider ownership filing.

When do Ren Jia’s restricted share units at Hesai Group (HSAI) vest?

The RSUs vest in three tranches: one on November 11, 2026, another on September 8, 2027, and a final tranche on September 7, 2028. Vesting on these dates will trigger delivery of Class B ordinary shares, subject to the plan’s terms.

What type of securities does the Hesai Group (HSAI) Form 3 for Ren Jia cover?

The Form 3 covers restricted share units linked to Class B ordinary shares of Hesai Group. These RSUs have an exercise price of $0.0000 and represent a contingent right to receive Class B ordinary shares when the specified vesting dates are reached.

Do Ren Jia’s Hesai Group (HSAI) restricted share units have expiration dates?

The footnotes state that the restricted share units reported for Ren Jia do not have expiration dates. Instead, they are structured to vest on specific dates from 2026 through 2028, at which point they convert into Class B ordinary shares if vesting conditions are satisfied.

Are Ren Jia’s Hesai Group (HSAI) restricted share units held directly or indirectly?

The disclosure classifies the ownership of these restricted share units as direct. This means the awards are reported as directly held by Ren Jia rather than through a separate trust, partnership, or other indirect ownership vehicle.