Director at Hello Group (NASDAQ: MOMO) converts RSUs into ADS stake

Rhea-AI Filing Summary

Hello Group Inc. director Qi Dave exercised equity awards into shares of the company. On April 15, 2026, 3,126 restricted share units that had vested were converted into 3,126 Class A ordinary shares. Each restricted share unit represented one Class A ordinary share.

These Class A ordinary shares were then reflected as 1,563 American Depositary Shares, with each ADS representing two Class A ordinary shares. After this derivative exercise, Qi Dave held 296,387 ADSs directly. The filing shows no open-market purchases or sales, making this a routine compensation-related equity conversion.

Insider Trade Summary

3,126 shares exercised/converted

Mixed 2 txns

Insider Qi Dave

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Share Units	3,126	$0.00	--
Exercise	American Depositary Shares	1,563	$0.00	--

Holdings After Transaction: Restricted Share Units — 0 shares (Direct); American Depositary Shares — 296,387 shares (Direct)

Footnotes (1)

1. Each American depositary share represents two Class A ordinary shares. Each restricted share unit represents a contingent right to receive, when vested, one Class A ordinary share. The restricted share units were vested on April 15, 2026.

Key Figures

RSUs exercised: 3,126 units ADS received: 1,563 ADSs Post-transaction holdings: 296,387 ADSs +3 more

6 metrics

RSUs exercised 3,126 units Restricted share units converted on April 15, 2026

ADS received 1,563 ADSs Each ADS represents two Class A ordinary shares

Post-transaction holdings 296,387 ADSs Direct holdings after the reported transactions

RSU-to-share ratio 1:1 Each restricted share unit equals one Class A ordinary share

ADS-to-share ratio 1:2 Each ADS represents two Class A ordinary shares

RSU expiration date April 15, 2032 Expiration date of the restricted share units before exercise

Key Terms

Restricted Share Units, American Depositary Shares, derivative security, Class A ordinary shares

4 terms

Restricted Share Units financial

"Each restricted share unit represents a contingent right to receive, when vested, one Class A ordinary share."

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.

American Depositary Shares financial

"Each American depositary share represents two Class A ordinary shares."

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

derivative security financial

"Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

Class A ordinary shares financial

"Each American depositary share represents two Class A ordinary shares."

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Qi Dave

(Last) (First) (Middle)

HOUSE B5, AVIGNON,1 KUWN CHUI ROAD

TUEN MUN, N. T.

(Street)

HONG KONG K3 00000

(City) (State) (Zip)

CHINA

(Country)

2. Issuer Name and Ticker or Trading Symbol
Hello Group Inc. [ MOMO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
American Depositary Shares(1)	04/15/2026		M		1,563	A	$0	296,387	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Share Units	(2)	04/15/2026		M			3,126	(3)	04/15/2032	Class A ordinary shares, par value US$0.0001	3,126	$0	0	D

Explanation of Responses:

1. Each American depositary share represents two Class A ordinary shares.

2. Each restricted share unit represents a contingent right to receive, when vested, one Class A ordinary share.

3. The restricted share units were vested on April 15, 2026.

	/s/ Daqing Qi	04/16/2026
	** 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 4 (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 4: SEC 1474 (03-26)

FAQ

What did Hello Group (MOMO) director Qi Dave report in this Form 4?

Qi Dave reported a routine equity award conversion. Vested restricted share units became Class A ordinary shares, then American Depositary Shares. No open-market buying or selling occurred; it is a compensation-related derivative exercise, not a discretionary stock trade.

How many restricted share units did Qi Dave exercise at Hello Group (MOMO)?

Qi Dave exercised 3,126 restricted share units. Each unit converted into one Class A ordinary share after vesting. This exercise reflects the settlement of previously granted equity awards rather than a new market purchase of Hello Group stock.

How many Hello Group (MOMO) American Depositary Shares did Qi Dave receive?

Qi Dave received 1,563 American Depositary Shares. Each ADS represents two Class A ordinary shares, matching the 3,126 ordinary shares from the vested restricted share units. The ADS structure allows the company’s shares to trade more easily in U.S. markets.

What are Qi Dave’s Hello Group (MOMO) holdings after this Form 4 transaction?

After the transaction, Qi Dave directly held 296,387 American Depositary Shares. This figure reflects his post-exercise position reported in the filing and shows that he retained a substantial stake in Hello Group following the RSU conversion.

Did Qi Dave buy or sell Hello Group (MOMO) shares on the open market?

No open-market buying or selling was reported. The filing shows only a derivative exercise, where vested restricted share units converted into shares and ADSs. This is a compensation-related event, not a discretionary trade based on current market prices.

When did the restricted share units for Hello Group (MOMO) vest?

The restricted share units vested on April 15, 2026. Vesting means the time-based or service-based conditions were met, allowing those RSUs to be settled in Class A ordinary shares and then reflected as American Depositary Shares.