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[Form 4] NOAH HOLDINGS LTD Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Noah Holdings Ltd reported that Chief Executive Officer Zhe Yin, through an entity associated with him, exercised restricted stock units into ordinary shares. On June 29, 2026, 76.5 restricted stock units converted into 765 ordinary shares at a stated price of $0.0000 per share.

These RSUs were part of a prior award of 21,883 units, each representing 10 ordinary shares. The award vested over time and became fully vested with this final installment, after which no RSUs from this award remain outstanding. Following the transaction, indirect holdings reported for Yin total 17,205,335 ordinary shares, held via Yin Investment Co., Ltd. in a trust structure where disposal requires his written instruction.

Positive

  • None.

Negative

  • None.
Insider YIN ZHE
Role CHIEF EXECUTIVE OFFICER
Type Security Shares Price Value
Exercise RESTRICTED STOCK UNIT 76.5 $0.00 --
Exercise ORDINARY SHARES 765 $0.00 --
Holdings After Transaction: RESTRICTED STOCK UNIT — 0 shares (Indirect, See Footnote); ORDINARY SHARES — 17,205,335 shares (Indirect, See Footnote)
Footnotes (1)
  1. Restricted stock units ("RSUs") convert into ordinary shares on the basis of ten ordinary shares per unit. By Yin Investment Co., Ltd., a British Virgin Islands company controlled by Ark Trust (Hong Kong) Limited as trustee of Safe Harbor Trust, with Mr. Zhe Yin as settlor and Mr. Zhe Yin and his family members as beneficiaries. Ark Trust (Hong Kong) Limited as trustee of Safe Harbor Trust has no power to dispose of the ordinary shares held by Yin Investment Co., Ltd. except upon written instruction by Mr. Zhe Yin, except in certain limited situations. Represents an award of 21,883 RSUs, each representing the right to receive 10 ordinary shares. 19,661 RSUs vested on December 29, 2023. The remaining 2,222 RSUs vest in equal monthly installments of 74 RSUs at the end of each month, commencing January 29, 2024. The award will be fully vested on June 29, 2026. This Form 4 reports the final monthly vesting installment, upon which the award became fully vested. Monthly installments are subject to rounding; accordingly, the number of RSUs vesting in this final installment differs slightly from the unvested balance reported on the prior Form 4. Following this transaction, no RSUs under this award remain outstanding.
Ordinary shares acquired 765 ordinary shares Converted from RSUs on June 29, 2026
RSUs exercised 76.5 RSUs Each RSU represents 10 ordinary shares
RSU award size 21,883 RSUs Award described for CEO Zhe Yin
Earlier vested RSUs 19,661 RSUs Vested on December 29, 2023
Remaining RSUs before final vest 2,222 RSUs Vested in monthly installments of 74 RSUs
Indirect holdings after transaction 17,205,335 ordinary shares Held via Yin Investment Co., Ltd.
RSU conversion ratio 10 ordinary shares per RSU Conversion basis for this award
Restricted stock units ("RSUs") financial
"Restricted stock units ("RSUs") convert into ordinary shares on the basis of ten ordinary shares per unit."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Safe Harbor Trust financial
"as trustee of Safe Harbor Trust, with Mr. Zhe Yin as settlor and Mr. Zhe Yin and his family members as beneficiaries."
Ark Trust (Hong Kong) Limited financial
"a British Virgin Islands company controlled by Ark Trust (Hong Kong) Limited as trustee of Safe Harbor Trust"
Yin Investment Co., Ltd. financial
"By Yin Investment Co., Ltd., a British Virgin Islands company controlled by Ark Trust (Hong Kong) Limited"
vesting installments financial
"The remaining 2,222 RSUs vest in equal monthly installments of 74 RSUs at the end of each month"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
YIN ZHE
(Last)(First)(Middle)
333 NORTH BRIDGE ROAD, #05-11, ODEON 333
(Street)
188721
(City)(State)(Zip)
SINGAPORE
(Country)		2. Issuer Name and Ticker or Trading Symbol
NOAH HOLDINGS LTD [ NOAH ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
CHIEF EXECUTIVE OFFICER
2a. Foreign Trading Symbol
[HKEX: 6686]
3. Date of Earliest Transaction (Month/Day/Year)
06/29/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
ORDINARY SHARES06/29/2026M765A(1)17,205,335ISee Footnote(2)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
RESTRICTED STOCK UNIT(1)06/29/2026M76.5 (3) (3)ORDINARY SHARES765$0.00ISee Footnote(2)
Explanation of Responses:
1. Restricted stock units ("RSUs") convert into ordinary shares on the basis of ten ordinary shares per unit.
2. By Yin Investment Co., Ltd., a British Virgin Islands company controlled by Ark Trust (Hong Kong) Limited as trustee of Safe Harbor Trust, with Mr. Zhe Yin as settlor and Mr. Zhe Yin and his family members as beneficiaries. Ark Trust (Hong Kong) Limited as trustee of Safe Harbor Trust has no power to dispose of the ordinary shares held by Yin Investment Co., Ltd. except upon written instruction by Mr. Zhe Yin, except in certain limited situations.
3. Represents an award of 21,883 RSUs, each representing the right to receive 10 ordinary shares. 19,661 RSUs vested on December 29, 2023. The remaining 2,222 RSUs vest in equal monthly installments of 74 RSUs at the end of each month, commencing January 29, 2024. The award will be fully vested on June 29, 2026. This Form 4 reports the final monthly vesting installment, upon which the award became fully vested. Monthly installments are subject to rounding; accordingly, the number of RSUs vesting in this final installment differs slightly from the unvested balance reported on the prior Form 4. Following this transaction, no RSUs under this award remain outstanding.
/s/ ZHE YIN06/30/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Noah Holdings (NOAH) report for CEO Zhe Yin?

Noah Holdings reported that CEO Zhe Yin, through an associated entity, exercised restricted stock units into ordinary shares. On June 29, 2026, 76.5 RSUs converted into 765 ordinary shares at a stated price of $0.0000 per share, reflecting compensation-related equity settlement.

How many Noah Holdings (NOAH) shares does Zhe Yin indirectly hold after this Form 4?

After the reported transactions, indirect holdings for Zhe Yin total 17,205,335 ordinary shares. These shares are held by Yin Investment Co., Ltd., which is controlled via the Safe Harbor Trust structure, where the trustee may dispose of shares only upon written instruction from him, subject to limited exceptions.

What was the size of the RSU award involved in the Noah Holdings (NOAH) Form 4?

The Form 4 describes an award of 21,883 restricted stock units, each representing the right to receive 10 ordinary shares. Most units vested earlier, and this filing covers the final monthly installment that completed vesting, after which no RSUs from this specific award remain outstanding.

When did the Noah Holdings (NOAH) RSU award for Zhe Yin fully vest?

The RSU award became fully vested on June 29, 2026. Earlier, 19,661 RSUs had vested on December 29, 2023, with the remaining 2,222 vesting in equal monthly installments of 74 RSUs, subject to rounding, at the end of each month starting January 29, 2024.

How do the Noah Holdings (NOAH) RSUs convert into ordinary shares?

The restricted stock units convert into ordinary shares at a fixed ratio. Each RSU represents the right to receive 10 ordinary shares upon vesting and settlement. In this Form 4, 76.5 RSUs converted into 765 ordinary shares, consistent with the disclosed 10-to-1 conversion basis.

Who legally holds the Noah Holdings (NOAH) shares associated with Zhe Yin’s indirect ownership?

The ordinary shares are held by Yin Investment Co., Ltd., a British Virgin Islands company. It is controlled by Ark Trust (Hong Kong) Limited as trustee of the Safe Harbor Trust, with Zhe Yin as settlor and beneficiary, and disposals require his written instruction except in limited cases.