Maase Inc. CTO reports 12,500 RSUs holding

Maase Inc. reports the initial equity holdings of Chief Technology Officer Li Zhifeng.

Rhea-AI Filing Summary

Maase Inc. reports the initial equity holdings of Chief Technology Officer Li Zhifeng. As of the reported date, he holds 12,500 Restricted Share Units (RSUs), each representing the right to receive one Class A Ordinary Share after vesting. The RSUs were granted on August 4, 2026 under the company’s 2024 share incentive plan and are scheduled to vest over five years in equal annual instalments of 2,500 shares, subject to continued service and the plan and award agreement terms. Following the report, he holds no Class A or Class B Ordinary Shares outright.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Li Zhifeng

Role 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 August 4, 2026, Maase Inc. (the "Company") granted to Mr. Zhifeng Li, the 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. Li the corresponding number of Class A Ordinary Shares.

Key Figures

RSUs granted: 12,500 Annual vesting instalment: 2,500 shares Vesting period: 5 years +4 more

7 metrics

RSUs granted 12,500 Restricted Share Units granted to Li Zhifeng on August 4, 2026 under the 2024 share incentive plan

Annual vesting instalment 2,500 shares RSUs vest over five years in equal annual instalments

Vesting period 5 years RSUs vest over a five-year period subject to continued service

Underlying Class A shares 12,500.0000 Underlying Class A Ordinary Shares linked to the RSUs

RSU exercise price 0.0000 Exercise price per underlying Class A Ordinary Share for the RSUs

Class A shares held directly 0.0000 Directly held Class A Ordinary Shares following reported holdings

Class B shares held directly 0.0000 Directly held Class B Ordinary Shares following reported holdings

Key Terms

Restricted Share Units, Share Incentive Plan, Class A Ordinary Share, vesting

4 terms

Restricted Share Units financial

"granted to Mr. Zhifeng Li, the chief technology officer of the Company, 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.

Share Incentive Plan financial

"12,500 Restricted Share Units ("RSUs") pursuant to 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.

Class A Ordinary Share financial

"Each of the RSU has the right to receive one Class A ordinary share of the Company"

A Class A ordinary share is a type of common stock a company issues that carries a specific set of rights—most often particular voting power, dividend terms, or transfer rules—distinct from other share classes. For investors it matters because those rights affect control over company decisions, how income is paid out, and how easy shares are to buy or sell; think of it like a tiered ticket that gives different access and influence at the same event.

vesting financial

"the RSUs will vest over five years in equal annual instalments of 2,500 shares"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

FAQ

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

What equity does Maase Inc. (MAAS) CTO Li Zhifeng report on this Form 3?

Li Zhifeng reports holding 12,500 Restricted Share Units (RSUs), each linked to one Class A Ordinary Share. He reports 0 directly held Class A and 0 Class B Ordinary Shares following the reported holdings.

How do Li Zhifeng’s Maase Inc. (MAAS) RSUs vest over time?

The 12,500 RSUs vest over five years in equal annual instalments of 2,500 shares. Vesting is subject to the 2024 share incentive plan, the RSU award agreement, and his continued service with Maase Inc.

When were the 12,500 Maase Inc. (MAAS) RSUs granted to Li Zhifeng?

The company granted 12,500 RSUs to Li Zhifeng on August 4, 2026. The grant was made under Maase Inc.’s 2024 share incentive plan and is governed by a specific RSU award agreement.

What does each Maase Inc. (MAAS) RSU entitle Li Zhifeng to receive?

Each RSU entitles Li Zhifeng to receive one Class A Ordinary Share of Maase Inc. after the applicable vesting date. Upon each vesting instalment, the company will transfer the corresponding number of Class A Ordinary Shares to him.

Does Li Zhifeng have an exercise price on his Maase Inc. (MAAS) RSUs?

The RSUs are shown with an exercise price of 0.0000 and an underlying amount of 12,500 Class A Ordinary Shares. This reflects that the RSUs represent a right to receive shares rather than a traditional option purchase right.

Are Li Zhifeng’s Maase Inc. (MAAS) RSUs held directly or indirectly?

The 12,500 RSUs and their 12,500 underlying Class A Ordinary Shares are reported as held directly by Li Zhifeng. No indirect ownership through entities or trusts is indicated in this Form 3.

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

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Available on EDGAR 08/11/2026 - 09:32 AM Accepted by SEC EDGAR 08/11/2026 - 09:31 AM 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
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1. Name and Address of Reporting Person^*

Li Zhifeng

(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)
08/04/2026

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)
	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 August 4, 2026, Maase Inc. (the "Company") granted to Mr. Zhifeng Li, the 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. Li the corresponding number of Class A Ordinary Shares.

	/s/ Zhifeng Li	08/11/2026
	** 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)