Maase awards Baoxue Xu stock grant tied to 12,500 shares

The RSUs are linked one-for-one to Class A ordinary shares, with vesting spread across five annual installments.

Rhea-AI Filing Summary

Maase Inc. granted 12,500 restricted share units (RSUs) to Co-Chief Technology Officer Baoxue Xu on October 13, 2026. Each RSU carries the right to receive one Class A ordinary share after vesting. The units are scheduled to vest in equal annual installments of 2,500 over five years, subject to the company's 2024 Share Incentive Plan and the RSU Award Agreement.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Xu Baoxue

Role Co-Chief Technology Officer

Type	Security	Shares	Price	Value
holding	Restricted Share Units F1	--	--	--
holding	Class A Ordinary Share	--	--	--
holding	Class B Ordinary Share	--	--	--

Holdings After Transaction: Restricted Share Units — 12,500 contracts (Direct); Class A Ordinary Share — 0 shares (Direct); Class B Ordinary Share — 0 shares (Direct)

Footnotes (1)

1. F1. On October 13, 2026, Maase Inc. (the "Company") granted to Mr. Baoxue Xu, the co-chief technology officer of the Company, 12,500 Restricted Share Units ("RSUs") pursuant to the Company's 2024 share incentive plan (the "Share Incentive Plan") and subject to the terms and conditions of the RSU Award Agreement (the "Award Agreement"). Each of the RSU has the right to receive one Class A ordinary share of the Company ("Class A Ordinary Share") after the vesting date. Subject to terms and conditions of the Share Incentive Plan and the Award Agreement, Mr. Li will continue to serve the Company for a full five years and the RSUs will vest over five years in equal annual instalments of 2,500 shares. Upon vesting of each instalment, and subject to the terms of the Share Incentive Plan and the Award Agreement, the Company will transfer to Mr. Xu the corresponding number of Class A Ordinary Shares.

Key Figures

RSUs granted: 12,500 RSUs Annual vesting installment: 2,500 RSUs Vesting period: 5 years +1 more

4 metrics

RSUs granted 12,500 RSUs Granted October 13, 2026

Annual vesting installment 2,500 RSUs Equal annual installments

Vesting period 5 years RSU vesting schedule

Underlying shares per RSU 1 Class A ordinary share per RSU Right to receive shares after vesting

Key Terms

Restricted Share Units, vesting date, Share Incentive Plan, RSU Award Agreement

4 terms

Restricted Share Units financial

"granted ... 12,500 Restricted Share Units"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

vesting date financial

"after the vesting date"

Share Incentive Plan financial

"the Company's 2024 share incentive plan"

A share incentive plan is a company program that gives employees or directors the chance to receive or buy company shares, often after staying with the firm or meeting performance goals. It matters to investors because it’s like giving workers a slice of the company pie to boost performance and loyalty, but issuing those slices can reduce each existing owner’s portion and change metrics such as earnings per share and share count.

RSU Award Agreement financial

"terms and conditions of the RSU Award Agreement"

A RSU award agreement is a legal contract that grants restricted stock units — promises of company stock to an employee or advisor — and spells out how many units are granted, when they become actual shares (vesting), and any conditions or tax rules. Investors care because these agreements create future share issuance and compensation cost, which can dilute existing holders and signal how the company rewards and retains key people, much like a delayed paycheck paid in stock.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many RSUs did MAAS grant Baoxue Xu?

Maase granted Co-Chief Technology Officer Baoxue Xu 12,500 RSUs on October 13, 2026.

How do the MAAS RSUs vest?

The 12,500 RSUs are scheduled to vest in five equal annual installments of 2,500 RSUs. Each RSU carries the right to receive one Class A ordinary share after vesting.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/15/2026 - 09:00 AM EDT Accepted by SEC EDGAR 10/15/2026 - 09:00 AM EDT Learn about SEC filing 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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Xu Baoxue

(Last) (First) (Middle)

BUILDING 48

NO. 52 YANGZHOU ROAD

(Street)

QINGDAO SHANDONG 266600

(City) (State) (Zip)

CHINA

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
10/13/2026

3. Issuer Name and Ticker or Trading Symbol
Maase Inc. [ MAAS ]

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 Technology 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 Share	0	D
Class B Ordinary Share	0	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
Restricted Share Units	(1)	(1)	Class A Ordinary Share	12,500	$0	D

Explanation of Responses:

1. On October 13, 2026, Maase Inc. (the "Company") granted to Mr. Baoxue Xu, the co-chief technology officer of the Company, 12,500 Restricted Share Units ("RSUs") pursuant to the Company's 2024 share incentive plan (the "Share Incentive Plan") and subject to the terms and conditions of the RSU Award Agreement (the "Award Agreement"). Each of the RSU has the right to receive one Class A ordinary share of the Company ("Class A Ordinary Share") after the vesting date. Subject to terms and conditions of the Share Incentive Plan and the Award Agreement, Mr. Li will continue to serve the Company for a full five years and the RSUs will vest over five years in equal annual instalments of 2,500 shares. Upon vesting of each instalment, and subject to the terms of the Share Incentive Plan and the Award Agreement, the Company will transfer to Mr. Xu the corresponding number of Class A Ordinary Shares.

	/s/ Baoxue Xu	10/15/2026
	** 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)