Every Form 4 that Noah Holdings Limited (NOAH) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow NOAH and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NOAH filings page.
Noah Holdings Ltd director and 10% owner Jingbo (Norah) Wang indirectly acquired 765 ordinary shares through the exercise of restricted stock units (RSUs). The RSUs convert into ordinary shares at a rate of 10 shares per unit, and this transaction represents the final monthly vesting installment of a 13,234-RSU award.
The shares are held indirectly via Jing Investors Co., Ltd., which Ms. Wang controls and through which she has voting and disposal power. Following this exercise, 68,736,755 ordinary shares are reported as indirectly held, and no RSUs remain outstanding under this particular award.
NOAH Holdings Ltd Chief Financial Officer Pan Qing reported the vesting and exercise of restricted stock units into ordinary shares. On June 29, 2026, 109.5 RSUs converted into 1,095 ordinary shares, reflecting the final monthly installment of a 6,383‑RSU award.
This vesting completes the award, which converted RSUs to ordinary shares at a 10‑to‑1 ratio and had been vesting monthly since January 29, 2024. Following this transaction, Pan Qing directly holds 928,520 ordinary shares, and no RSUs from this specific award remain outstanding.
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.
NOAH HOLDINGS LTD insider activity shows an entity associated with Chief Executive Officer Zhe Yin exercising restricted stock units into additional ordinary shares. Yin Investment Co., Ltd., which holds shares for the benefit of Mr. Yin and his family through Safe Harbor Trust, acquired 740 ordinary shares following the conversion of RSUs.
The RSUs convert at a rate of ten ordinary shares per unit. This transaction relates to an award of 21,883 RSUs, of which 19,661 vested on December 29, 2023. The remaining 2,222 RSUs vest in equal monthly installments of 74 RSUs through June 29, 2026. After this activity, indirect holdings stand at 17,204,570 ordinary shares and 74 RSUs.
Noah Holdings director and 10% owner Jingbo (Norah) Wang, through Jing Investors Co., Ltd., exercised restricted stock units on May 29, 2026, converting them into 740 ordinary shares. These RSUs convert at ten ordinary shares per unit. After the transaction, her indirect holdings total 68,735,990 ordinary shares. The award covers 13,234 RSUs, with 11,012 units already vested and the remaining 2,222 units vesting in monthly installments of 74 RSUs until full vesting on June 29, 2026.
Noah Holdings Ltd chief financial officer Pan Qing reported a compensation-related equity transaction. On May 29, 2026, Pan Qing exercised restricted stock units (RSUs) that converted into 1,035 ordinary shares, with each RSU representing ten ordinary shares.
Following the transaction, Pan Qing directly owned 927,425 ordinary shares. The filing also notes an award of 6,383 RSUs, of which 3,272 RSUs vested on December 29, 2023, and the remaining RSUs vest in equal monthly installments of 103 RSUs and are scheduled to be fully vested on June 29, 2026.
Noah Holdings chief executive officer Zhe Yin, through Yin Investment Co., Ltd., exercised restricted stock units into ordinary shares. On the transaction date, 74 RSUs converted into 740 ordinary shares at a stated price of $0.00 per share.
Following the transaction, the indirect holdings reported for this structure totaled 17,203,830 ordinary shares and 148 RSUs. Each RSU represents the right to receive 10 ordinary shares, and they vest in monthly installments of 74 RSUs, with the award scheduled to be fully vested on June 29, 2026.
NOAH HOLDINGS LTD chief financial officer Pan Qing reported a routine equity compensation event. On April 29, 2026, 103 restricted stock units were exercised, converting into 1,035 ordinary shares, consistent with the plan’s 10-shares-per-unit structure.
After this conversion, Pan Qing directly holds 926,390 ordinary shares and 208 restricted stock units. The RSU award originally covered 6,383 units, with 3,272 units vesting on December 29, 2023 and the remaining 3,111 units vesting in monthly installments of 103 units through June 29, 2026.
Noah Holdings Ltd director and ten percent owner Wang Jingbo indirectly acquired additional ordinary shares through restricted stock units. On an exercise coded as a derivative conversion, 74 RSUs converted into 740 ordinary shares at a stated price of $0.0000 per share, held via Jing Investors Co., Ltd. Following this, indirect holdings totaled 68,735,250 ordinary shares and 148 RSUs. The RSU award covers 13,234 units, with 11,012 RSUs vested on December 29, 2023 and the remaining 2,222 vesting in 74-unit monthly installments until fully vested on June 29, 2026.
NOAH HOLDINGS LTD chief financial officer Pan Qing exercised restricted stock units into ordinary shares rather than making any open‑market trades. On March 31, 2026, she converted two RSU awards into 225,230 and 1,035 ordinary shares at a conversion price of $0.00 per share. Following these derivative exercises, she directly owns 925,355 ordinary shares. The RSUs convert into ordinary shares on the basis of ten ordinary shares per unit, and the awards continue to vest over time according to the schedules described.
NOAH HOLDINGS LTD director and ten percent owner Wang Jingbo (Norah) exercised previously granted restricted stock units into ordinary shares through an indirectly owned entity. On March 31, 2026, awards totaling 20,074 RSUs were converted into 200,740 ordinary shares, at a stated exercise price of $0.0000 per unit.
These RSUs convert at a fixed rate of ten ordinary shares per unit. Following the related non-derivative entries, indirect holdings reported for ordinary shares increased to 68,734,510 shares, all held through Jing Investors Co., Ltd., which is controlled via a family trust structure where Ms. Wang has voting and disposal power.
NOAH HOLDINGS LTD chief executive officer Zhe Yin, through Yin Investment Co., Ltd., exercised previously granted restricted stock units (RSUs) into ordinary shares on March 31, 2026. All exercises were compensation-related and carried a $0.00 exercise price per share-equivalent.
The transactions converted 74 RSUs into 740 ordinary shares, 12,500 RSUs into 125,000 ordinary shares, and 7,500 RSUs into 75,000 ordinary shares, consistent with the footnote that each RSU represents 10 ordinary shares. Following these acquisitions, indirect holdings reported for ordinary shares rose to 17,203,090 shares, with no sales or tax-withholding dispositions reported in this filing.