Here Group (QSG) CFO details ADS and option holdings in Form 3

Rhea-AI Filing Summary

Here Group Ltd’s CFO and Senior Vice President, Xie Dong, has filed an initial ownership report detailing equity holdings in the company. The filing shows direct holdings of American depositary shares totaling 440,355 units, with a footnote stating that each ADS represents three Class A ordinary shares.

The report also lists multiple stock option awards over Class A ordinary shares with exercise prices of $0.10 and $0.40 per share and expiration dates ranging from 2031 to 2034. These options cover blocks of 75,000 to 265,003 underlying shares that vest on various dates between 2024 and 2028, indicating a sizeable long-term incentive position.

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

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1. Name and Address of Reporting Person^*

Xie Dong

(Last) (First) (Middle)

RM 3008, 30/F, TWO EXCHANGE SQUARE

8 CONNAUGHT PLACE

(Street)

CENTRAL HONG KONG 000000

(City) (State) (Zip)

HONG KONG

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Here Group Ltd [ HERE ]

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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO and Senior Vice President

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)
American depositary shares(1)	440,355	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
Option	04/01/2025	03/31/2031	Class A ordinary shares	265,003	$0.1	D
Option	10/01/2024	09/30/2031	Class A ordinary shares	125,000	$0.1	D
Option	10/01/2025	09/30/2031	Class A ordinary shares	125,004	$0.1	D
Option	10/01/2024	11/18/2032	Class A ordinary shares	125,002	$0.1	D
Option	10/01/2025	11/18/2032	Class A ordinary shares	125,000	$0.1	D
Option	10/01/2026	11/18/2032	Class A ordinary shares	125,000	$0.1	D
Option	04/01/2025	06/20/2034	Class A ordinary shares	75,000	$0.4	D
Option	04/01/2026	06/20/2034	Class A ordinary shares	75,000	$0.4	D
Option	04/01/2027	06/20/2034	Class A ordinary shares	75,000	$0.4	D
Option	04/01/2028	06/20/2034	Class A ordinary shares	75,000	$0.4	D

Explanation of Responses:

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

	DONG XIE	03/18/2026
	** 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)

FAQ

What does the Form 3 filing for QSG’s Here Group reveal about insider holdings?

The Form 3 shows CFO Xie Dong’s initial ownership in Here Group, including 440,355 American depositary shares and multiple option grants over Class A ordinary shares with long-dated expirations, outlining a significant equity-based compensation position.

How many American depositary shares does the Here Group CFO report owning?

The CFO reports direct ownership of 440,355 American depositary shares. A footnote explains that each ADS represents three Class A ordinary shares, indicating substantial exposure to the company’s equity through these listed depositary receipts.

What stock options over Class A shares are reported in the Here Group (QSG) Form 3?

The filing lists several option positions over Class A ordinary shares with exercise prices of $0.10 and $0.40. These options cover blocks of 75,000 to 265,003 underlying shares, with expirations between 2031 and 2034 and vesting dates from 2024 to 2028.

Does the Here Group Form 3 for QSG show any recent insider buying or selling?

The Form 3 does not report any recent insider purchases or sales. It functions as an initial statement of beneficial ownership, listing existing ADS and option holdings rather than disclosing new open-market transactions by the CFO.

Who is the reporting person in the Here Group (QSG) Form 3 filing and what is their role?

The reporting person is Xie Dong, who serves as Chief Financial Officer and Senior Vice President of Here Group Ltd. The filing outlines this executive’s equity holdings, including American depositary shares and stock options over Class A ordinary shares.