ATRenew director acquires 45,000 ADS via RSU vesting

ATRenew Inc. director Zhu Rui reported equity compensation vesting, not an open-market trade.

Rhea-AI Filing Summary

ATRenew Inc. director Zhu Rui reported equity compensation vesting, not an open-market trade. He exercised 30,000 restricted share units, each representing one Class A ordinary share. In connection with this vesting, he acquired 45,000 American depositary shares, which continue to be held directly after the transaction.

Insider Trade Summary

30,000 shares exercised/converted

Exercise 2 txns

Insider Zhu Rui

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted share units	30,000	$0.00	$0.00
Exercise	American depositary shares	45,000	$0.00	$0.00

Holdings After Transaction: Restricted share units — 0 contracts (Direct); American depositary shares — 45,000 shares (Direct)

Footnotes (3)

1. F1. Represents American depositary shares acquired through the vesting of restricted share units. Every three American depositary shares ("ADS") represent two Class A ordinary shares, par value US$0.001 per share.
2. F2. Each restricted share unit represents the contingent right to receive one (1) Class A ordinary shares of the Issuer upon vesting.
3. F3. Represents restricted share units to purchase 30,000 Class A ordinary shares granted on May 18, 2022. The restricted share units vest in equal installments of 1/3 of the restricted share units on the May 18 of each year thereafter over the next 3 years, subject to the reporting person's continued service through the applicable vesting date.

FAQ

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What did ATRenew (RERE) director Zhu Rui report in this Form 4?

Zhu Rui reported equity compensation vesting. He exercised 30,000 restricted share units into Class A ordinary shares and, in connection with that vesting, received 45,000 American depositary shares, which he now holds directly as part of his ATRenew stake.

Was Zhu Rui’s ATRenew (RERE) transaction a market purchase or sale?

The transaction was not an open-market purchase or sale. It reflects the exercise and vesting of restricted share units granted as compensation, resulting in additional Class A ordinary shares and 45,000 American depositary shares credited to Zhu Rui’s direct holdings.

How many ATRenew (RERE) restricted share units vested for Zhu Rui?

A total of 30,000 restricted share units vested for Zhu Rui. Each unit represents the right to receive one Class A ordinary share upon vesting, under an award granted in May 2022 with installments vesting annually over three years of continued service.

How many ATRenew (RERE) American depositary shares did Zhu Rui acquire?

Zhu Rui acquired 45,000 American depositary shares. According to the disclosure, these ADS were received through the vesting of restricted share units and are now held directly, reflecting an increase in his non-derivative equity position in ATRenew.

What is the relationship between ATRenew (RERE) ADS and Class A ordinary shares?

The filing states that every three American depositary shares represent two Class A ordinary shares. This ratio links the ADS traded in international markets to the underlying Class A ordinary shares issued by ATRenew as its primary equity.

Were any ATRenew (RERE) derivative positions left after Zhu Rui’s RSU vesting?

No remaining derivative positions from this grant are shown in the disclosure. The 30,000 restricted share units reported here were exercised and fully converted into Class A ordinary shares as part of the scheduled vesting under the 2022 compensation award.

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Accepted by SEC EDGAR 03/26/2026 - 06:49 AM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Zhu Rui

(Last) (First) (Middle)

HONGQIAO VANKE CENTER T5 BUILDING

SHENCHANG ROAD, MINHANG DISTRICT

(Street)

SHANGHAI CHINA 200130

(City) (State) (Zip)

CHINA

(Country)

2. Issuer Name and Ticker or Trading Symbol
ATRenew Inc. [ RERE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/26/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
American depositary shares(1)	03/26/2026		M		45,000	A	(1)	45,000	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted share units	(2)	03/26/2026		M			30,000	(3)	05/18/2032	Class A ordinary shares	30,000	$0	0	D

Explanation of Responses:

1. Represents American depositary shares acquired through the vesting of restricted share units. Every three American depositary shares ("ADS") represent two Class A ordinary shares, par value US$0.001 per share.

2. Each restricted share unit represents the contingent right to receive one (1) Class A ordinary shares of the Issuer upon vesting.

3. Represents restricted share units to purchase 30,000 Class A ordinary shares granted on May 18, 2022. The restricted share units vest in equal installments of 1/3 of the restricted share units on the May 18 of each year thereafter over the next 3 years, subject to the reporting person's continued service through the applicable vesting date.

	/s/ Zhu Rui	03/26/2026
	** 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 4 (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 4: SEC 1474 (03-26)