Ryde CEO gets 3.5M Class B shares, sells Class A

Ryde Group Ltd director and CEO Zou Junming Terence reported mixed insider activity.

Rhea-AI Filing Summary

Ryde Group Ltd director and CEO Zou Junming Terence reported mixed insider activity. On May 18, 2026, he received 3,500,000 Class B Ordinary Shares following satisfaction of performance-based milestones approved by the board. These shares were then transferred to ABJZ Holding Ltd, which he wholly owns, and are reported as indirectly held, bringing that position to 19,677,175 Class B shares after the transaction.

On the same date, he also sold 618,750 Class A Ordinary Shares at $0.85 per share under a share sale and purchase agreement, leaving him with no directly held Class A shares after the sale.

Insider Trade Summary

Net Seller: 618,750 shares

Net Sell 2 txns

Insider Zou Junming Terence

Role Chairman of the Board and CEO

Sold 618,750 shs ($526K)

Type	Security	Shares	Price	Value
Sale	Class A Ordinary Shares	618,750	$0.85	$526K
Grant/Award	Class B Ordinary Shares	3,500,000	$0.00	$0.00

Holdings After Transaction: Class A Ordinary Shares — 0 shares (Direct); Class B Ordinary Shares — 19,677,175 shares (Indirect, By ABJZ Holding Ltd, which is wholly owned by the Reporting Person)

Footnotes (3)

1. F1. Represents the sale of 618,750 Class A Ordinary Shares pursuant to a share sale and purchase agreement dated May 18, 2026.
2. F2. On May 18, 2026, the issuer issued 3,500,000 Class B Ordinary Shares to the Reporting Person following the satisfaction of certain performance-based milestones approved by the issuer's board of directors. Following the issuance, the shares were transferred to ABJZ Holding Ltd, a company wholly owned by the Reporting Person, and are reported herein as indirectly beneficially owned.
3. F3. Represents Class B Ordinary Shares held by ABJZ Holding Ltd, which is wholly owned by the Reporting Person.

Key Figures

Class B shares granted: 3,500,000 shares Indirect Class B holdings: 19,677,175 shares Class A shares sold: 618,750 shares +2 more

5 metrics

Class B shares granted 3,500,000 shares Performance-based issuance on May 18, 2026

Indirect Class B holdings 19,677,175 shares Class B Ordinary Shares held via ABJZ Holding Ltd after transactions

Class A shares sold 618,750 shares Sale under share sale and purchase agreement dated May 18, 2026

Sale price $0.85 per share Price for 618,750 Class A Ordinary Shares sold

Direct Class A holdings after sale 0 shares Total Class A Ordinary Shares directly held after the reported sale

Key Terms

Class B Ordinary Shares, share sale and purchase agreement, performance-based milestones, indirectly beneficially owned

4 terms

Class B Ordinary Shares financial

"On May 18, 2026, the issuer issued 3,500,000 Class B Ordinary Shares to the Reporting Person"

Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.

share sale and purchase agreement financial

"Represents the sale of 618,750 Class A Ordinary Shares pursuant to a share sale and purchase agreement dated May 18, 2026."

A share sale and purchase agreement is a legal contract that records the terms under which one party sells and another buys shares in a company, including price, number of shares, conditions, warranties and closing steps. It matters to investors because it sets the rights, obligations and risks that transfer with the shares—like a detailed receipt and rulebook for a sale—so it determines who controls the company and what protections each side has.

performance-based milestones financial

"issued 3,500,000 Class B Ordinary Shares to the Reporting Person following the satisfaction of certain performance-based milestones"

indirectly beneficially owned financial

"and are reported herein as indirectly beneficially owned."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Ryde Group (RYDE) report for Zou Junming Terence?

Ryde Group reported that Zou Junming Terence both acquired and sold shares. He received 3,500,000 Class B Ordinary Shares tied to performance milestones and sold 618,750 Class A Ordinary Shares in a share sale and purchase agreement dated May 18, 2026.

How many Ryde Group (RYDE) shares does Zou Junming Terence hold after this Form 4?

After the reported transactions, Zou Junming Terence indirectly holds 19,677,175 Class B shares. These are held through ABJZ Holding Ltd, a company he wholly owns. His directly held Class A Ordinary Share position is reported as zero following the 618,750-share sale.

What was the price and size of the Ryde Group (RYDE) insider share sale?

The filing shows a sale of 618,750 Class A Ordinary Shares at $0.85 per share. The transaction took place under a share sale and purchase agreement dated May 18, 2026, and reduced the reporting person’s direct Class A holdings to zero.

Why did Ryde Group (RYDE) issue 3,500,000 Class B shares to its CEO?

Ryde Group issued 3,500,000 Class B Ordinary Shares after performance-based milestones were satisfied. The milestones were approved by the board of directors, and the shares were subsequently transferred to ABJZ Holding Ltd, which is wholly owned by the reporting person and reported as indirectly beneficially owned.

How are Ryde Group (RYDE) shares held by ABJZ Holding Ltd reported on the Form 4?

Shares held by ABJZ Holding Ltd are reported as indirectly beneficially owned. The Form 4 notes that ABJZ Holding Ltd is wholly owned by the reporting person, and 19,677,175 Class B Ordinary Shares are attributed to this entity after the performance-based issuance and transfer.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 05/18/2026 - 06:12 AM 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^*

Zou Junming Terence

(Last) (First) (Middle)

DUO TOWER, 3 FRASER STREET, #08-21

(Street)

SINGAPORE U0 189352

(City) (State) (Zip)

SINGAPORE

(Country)

2. Issuer Name and Ticker or Trading Symbol
Ryde Group Ltd [ RYDE ]

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

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman of the Board and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/18/2026

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
Class A Ordinary Shares	05/18/2026		S		618,750(1)	D	$0.85	0	D
Class B Ordinary Shares	05/18/2026		A		3,500,000(2)	A	$0	19,677,175(3)	I	By ABJZ Holding Ltd, which is wholly owned by the Reporting Person

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

Explanation of Responses:

1. Represents the sale of 618,750 Class A Ordinary Shares pursuant to a share sale and purchase agreement dated May 18, 2026.

2. On May 18, 2026, the issuer issued 3,500,000 Class B Ordinary Shares to the Reporting Person following the satisfaction of certain performance-based milestones approved by the issuer's board of directors. Following the issuance, the shares were transferred to ABJZ Holding Ltd, a company wholly owned by the Reporting Person, and are reported herein as indirectly beneficially owned.

3. Represents Class B Ordinary Shares held by ABJZ Holding Ltd, which is wholly owned by the Reporting Person.

	/s/ Terence Zou	05/18/2026
	** 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 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)