Here Group Ltd (HERE) insider discloses stock options and 393,168 ADS stake

Rhea-AI Filing Summary

Here Group Ltd director and senior vice president Liu Xihao reports existing equity interests in the company. The filing lists several stock options over Class A ordinary shares with exercise prices of $0.10 and $0.40 per share, expiring between 2030 and 2034. It also shows direct ownership of 393,168 American depositary shares, with a footnote stating that each ADS represents three Class A ordinary shares.

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^*

Liu Xihao

(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)
	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)	393,168	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	07/01/2024	06/30/2030	Class A ordinary shares	1	$0.1	D
Option	10/01/2024	11/18/2032	Class A ordinary shares	175,001	$0.1	D
Option	10/01/2025	11/18/2032	Class A ordinary shares	175,000	$0.1	D
Option	10/01/2026	11/18/2032	Class A ordinary shares	175,000	$0.1	D
Option	04/01/2025	06/20/2034	Class A ordinary shares	150,000	$0.4	D
Option	04/01/2026	06/20/2034	Class A ordinary shares	150,000	$0.4	D
Option	04/01/2027	06/20/2034	Class A ordinary shares	150,000	$0.4	D
Option	04/01/2028	06/20/2034	Class A ordinary shares	150,000	$0.4	D

Explanation of Responses:

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

	XiHao Liu	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.
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* Form 3: SEC 1473 (03-26)

FAQ

What does Liu Xihao report owning in Here Group Ltd (HERE)?

Liu Xihao reports holding multiple stock options over Class A ordinary shares and 393,168 American depositary shares of Here Group Ltd. The options have exercise prices of $0.10 and $0.40 and expire between 2030 and 2034.

Are there any buy or sell transactions in this Here Group Ltd (HERE) Form 3?

The Form 3 for Liu Xihao does not show any reported purchases or sales. It only lists existing holdings, including stock options and 393,168 American depositary shares, providing a baseline picture of his equity interests as an insider of Here Group Ltd.

What stock option terms are disclosed for Liu Xihao at Here Group Ltd (HERE)?

The filing discloses several stock option positions over Class A ordinary shares with exercise prices of $0.10 and $0.40 per share. These options carry expiration dates ranging from 2030 through 2034, outlining long-dated incentive exposure for the reporting person.

How many American depositary shares of Here Group Ltd (HERE) does Liu Xihao hold?

Liu Xihao is shown as holding 393,168 American depositary shares of Here Group Ltd. A footnote states that each American depositary share represents three Class A ordinary shares, indicating an indirect interest in a larger number of underlying ordinary shares.

What does the footnote about American depositary shares mean for Here Group Ltd (HERE)?

The footnote explains that each American depositary share represents three Class A ordinary shares. This clarifies that the 393,168 American depositary shares reported for Liu Xihao correspond to a larger underlying position in the company’s ordinary share capital through the ADS structure.