Huize (HUIZ) Co-CFO details large option grants and ADS ownership

Rhea-AI Filing Summary

Huize Holding Ltd’s Co-Chief Financial Officer Xiao Minghan has reported his initial insider ownership, highlighting substantial option awards and share interests. He holds options over 5,200,000 Class A common shares at an exercise price of $0.0024 per share, granted on April 22, 2024. These options vest in eight equal quarterly installments of 650,000, with six already vested and the final two scheduled on March 31, 2026 and June 30, 2026.

He also holds fully vested options over 2,200,000 Class A common shares granted on March 14, 2023, 1,600,000 granted on September 8, 2021, and 842,101 granted on June 30, 2019, all at an exercise price of $0.0024 and expiring between 2029 and 2034. In addition, he indirectly owns 3,535,613 Class A common shares through Bodyguard Holding Limited and directly owns 1,080,000 American depositary shares, where each ADS represents one hundred Class A common shares.

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^*

Xiao Minghan

(Last) (First) (Middle)

49/F, BUILDING T1, QIANHAI FINANCIAL

CENTRE, LINHAI AVENUE, QIANHAI SHENZHEN

(Street)

SHENZHEN, GUANGDONG PROVINCE 518000

(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
Huize Holding Ltd [ HUIZ ]

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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Co-Chief Financial 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 common shares	3,535,613	I	By Bodyguard Holding Limited
American depositary shares(1)	1,080,000	D

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
Options	06/30/2026	04/22/2034	Class A common shares	5,200,000(2)	$0.0024	D
Options	03/31/2025	03/14/2033	Class A common shares	2,200,000(3)	$0.0024	D
Options	09/30/2023	09/08/2031	Class A common shares	1,600,000(4)	$0.0024	D
Options	06/30/2023	06/30/2029	Class A common shares	842,101(5)	$0.0024	D

Explanation of Responses:

1. Each American depositary share ("ADS") represents one hundred (100) Class A common shares of Huize Holding Limited (the "Company"), with a par value of US$0.00001 per share.

2. The 5,200,000 options were granted to the reporting person on April 22, 2024, and are scheduled to vest in eight equal quarterly installments of 650,000 options each over a two-year period. Six out of the eight installments have already vested, and the remaining two installments will vest on March 31, 2026 and June 30, 2026, respectively.

3. The 2,200,000 options were granted to the reporting person on March 14, 2023 and have been fully vested.

4. The 1,600,000 options were granted to the reporting person on September 8, 2021 and have been fully vested.

5. The 842,101 options were granted to the reporting person on June 30, 2019 and have been fully vested.

	/s/ Minghan Xiao	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.
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* Form 3: SEC 1473 (03-26)

FAQ

What insider holdings did Huize (HUIZ) Co-CFO Xiao Minghan report?

He reported significant equity exposure through options and shares. Holdings include multiple option grants over Class A common shares and both direct American depositary shares and indirect Class A common share ownership via Bodyguard Holding Limited, reflecting a substantial long-term alignment with the company’s equity.

How many Huize Class A shares are covered by Xiao Minghan’s options?

His options cover 5,200,000, 2,200,000, 1,600,000 and 842,101 Class A common shares. All carry an exercise price of $0.0024 per share, with earlier grants already fully vested and the most recent grant vesting in scheduled quarterly installments through mid-2026.

What is the vesting schedule for the 5,200,000 Huize options granted in 2024?

The 5,200,000 options granted on April 22, 2024 vest in eight equal quarterly tranches of 650,000. Six tranches have already vested, with the remaining two scheduled to vest on March 31, 2026 and June 30, 2026, supporting ongoing incentive alignment.

What indirect Huize share ownership does Xiao Minghan have?

He indirectly owns 3,535,613 Class A common shares through Bodyguard Holding Limited. This indirect holding is reported separately from his direct positions in options and American depositary shares, providing a fuller picture of his total economic interest in Huize’s equity structure.

How many Huize American depositary shares does the Co-CFO hold directly?

He directly holds 1,080,000 American depositary shares. Each ADS represents one hundred Class A common shares of Huize Holding Ltd, giving him additional exposure alongside his option grants and indirect Class A share ownership reported in the same insider ownership statement.

What are the expiration dates of Xiao Minghan’s Huize option grants?

His options over Class A common shares expire on June 30, 2029, September 8, 2031, March 14, 2033, and April 22, 2034. These staggered expirations create a long-dated incentive horizon, encouraging sustained focus on Huize’s long-term performance.