Here Group Ltd (NYSE: QSG) SVP details option and ADS positions

Rhea-AI Filing Summary

Here Group Ltd Senior Vice President Shi Guangqiang has filed an initial ownership report showing equity-based holdings in the company. The filing lists four option awards over Class A ordinary shares, each tied to 150,000 underlying shares at an exercise price of $0.40 per share, with vesting dates from April 1, 2025 through April 1, 2028 and an expiration date of June 20, 2034. It also shows direct ownership of 461 American depositary shares, with a note 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^*

SHI GUANGQIANG

(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)

	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)	461	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	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.

	Guangqiang Shi	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 Here Group Ltd (QSG) Form 3 filing show for Shi Guangqiang?

The Form 3 shows Senior Vice President Shi Guangqiang’s initial equity holdings, including several option grants on Class A ordinary shares and a small position in American depositary shares. It establishes his starting ownership position as a corporate insider.

How many Here Group Ltd options are reported in Shi Guangqiang’s Form 3?

The filing lists four option positions, each linked to 150,000 underlying Class A ordinary shares at an exercise price of $0.40. These options vest in annual tranches from April 1, 2025 through April 1, 2028 and all expire on June 20, 2034.

What is the exercise price and expiration for Shi Guangqiang’s Here Group options?

Each reported option has an exercise price of $0.40 per Class A ordinary share and an expiration date of June 20, 2034. The options vest in separate tranches on April 1 of 2025, 2026, 2027 and 2028, as reflected in the holding entries.

When do the Here Group Ltd options held by Shi Guangqiang vest?

The options vest in four annual installments: April 1, 2025, April 1, 2026, April 1, 2027 and April 1, 2028. Each tranche corresponds to a separate holding entry covering 150,000 underlying Class A ordinary shares at the stated exercise price.

How many Here Group Ltd American depositary shares does Shi Guangqiang hold?

The Form 3 shows direct ownership of 461 American depositary shares. A footnote explains that each ADS represents three Class A ordinary shares, indicating the ADS are another way he holds economic exposure to Here Group’s Class A equity.

Does the Here Group Ltd (QSG) Form 3 show recent insider buying or selling?

The Form 3 is an initial ownership report and only records existing holdings, not new purchases or sales. All transactions are coded as holdings with unknown direction, so it does not indicate recent insider buying or selling activity.