Cloopen Group (RAASY) director reports vested RSUs and trust shares

Rhea-AI Filing Summary

Cloopen Group Holding Ltd director Luo Cheng has reported his equity interests in the company. The filing shows he holds 1,500,000 restricted share units, each representing one Class A ordinary share, granted on April 1, 2024, and all of these units have vested at an exercise price of $0.0000 per share.

In addition, 400,000 Class A ordinary shares are reported as held indirectly through Flawless Success Limited, which acts as a nominee for an employee trust that holds shares for grantees under Cloopen’s share incentive plans.

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^*

Luo Cheng

(Last) (First) (Middle)

16/F, TOWER A, FAIRMONT TOWER

33 GUANGSHUN NORTH MAIN ST, CHAOYANG

(Street)

BEIJING 100102

(City) (State) (Zip)

CHINA

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
02/08/2021

3. Issuer Name and Ticker or Trading Symbol
Cloopen Group Holding Ltd [ RAASY ]

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
	Officer (give title below)		Other (specify below)

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)
Class A Ordinary Shares	400,000	I	See Footnote(1)

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
Restricted Share Units(2)	(2)	(2)	Class A ordinary shares	1,500,000	$0	D

Explanation of Responses:

1. These Class A Ordinary Shares are held by Flawless Success Limited, which acts as a nominee for an employee trust holding shares for the benefit of grantees under the Issuer's share incentive plans.

2. Each restricted share unit represents one ordinary share. On April 1, 2024, Mr. Cheng Luo was granted 1,500,000 restricted share units. The restricted share units have all vested.

	/s/ Cheng Luo	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 insider holdings does Luo Cheng report in Cloopen Group (RAASY)?

Luo Cheng reports 1,500,000 restricted share units and 400,000 Class A ordinary shares. The RSUs are fully vested and each represents one ordinary share, giving him substantial equity exposure through both direct and indirect holdings linked to Cloopen’s share incentive structure.

What are the terms of Luo Cheng’s 1,500,000 restricted share units in RAASY?

The filing states Luo Cheng was granted 1,500,000 restricted share units on April 1, 2024. Each RSU represents one ordinary share, carries an exercise price of $0.0000, and all the units have vested, meaning they are no longer subject to vesting conditions.

How are the 400,000 Cloopen Class A shares held for Luo Cheng reported?

The 400,000 Class A ordinary shares are reported as indirectly held through Flawless Success Limited. This entity acts as a nominee for an employee trust that holds shares for the benefit of grantees under Cloopen Group’s share incentive plans, according to the disclosure.

Does the Luo Cheng RAASY filing show any recent insider buying or selling?

The disclosure lists holdings rather than explicit purchases or sales. Transaction codes are unknown, and the summary shows two holding entries with no buy or sell counts, indicating this is primarily a report of existing positions, not new market transactions.

What derivative positions for Luo Cheng are disclosed in Cloopen Group (RAASY)?

The filing lists restricted share units as the key derivative position. These RSUs are linked to 1,500,000 underlying Class A ordinary shares, have an exercise price of $0.0000, and are fully vested, indicating no remaining vesting schedule is attached to this grant.