Shengfeng CEO reports Class A and B holdings

SHENGFENG DEVELOPMENT Ltd director and Chief Executive Officer Liu Yongxu filed an initial statement of beneficial ownership.

Accepted by SEC EDGAR 03/18/2026 - 01:23 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

SHENGFENG DEVELOPMENT Ltd director and Chief Executive Officer Liu Yongxu filed an initial statement of beneficial ownership. He directly holds 500,000 shares of Class A Common Stock and indirectly holds 41,880,000 shares of Class B Common Stock through Shengfeng International Limited, a wholly owned Cayman company.

Insider Trade Summary

Holdings reported, no transactions

Holdings

Insider Liu Yongxu

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Holding	Class A Common Stock	--	--	--
Holding	Class B Common Stock	--	--	--

Holdings: Class A Common Stock — 500,000 shares (Direct); Class B Common Stock — 41,880,000 shares (Indirect, Shengfeng International Limited (wholly-owned Cayman company))

FAQ

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

What does the Form 3 for SHENGFENG DEVELOPMENT Ltd (SFWL) disclose about Liu Yongxu?

The Form 3 shows that Liu Yongxu, a director, Chief Executive Officer and ten percent owner, reports his beneficial holdings in Shengfeng Development’s Class A and Class B Common Stock as of the filing date, establishing his baseline ownership position.

How many SHENGFENG DEVELOPMENT Ltd (SFWL) Class A shares does Liu Yongxu hold?

Liu Yongxu directly holds 500,000 shares of Shengfeng Development’s Class A Common Stock. This direct ownership is recorded with an ownership code of “D,” indicating the shares are held in his own name rather than through another entity or structure.

What is Liu Yongxu’s indirect Class B share ownership in SHENGFENG DEVELOPMENT Ltd (SFWL)?

Liu Yongxu is reported as indirectly holding 41,880,000 shares of Class B Common Stock. These shares are held through Shengfeng International Limited, described as a wholly owned Cayman company, and are classified as indirect ownership in the filing.

How is indirect ownership reported for SHENGFENG DEVELOPMENT Ltd (SFWL) in this Form 3?

Indirect ownership is reported with an ownership code of “I” and a nature-of-ownership description. For Liu Yongxu, the filing notes that Class B shares are held through Shengfeng International Limited, a wholly owned Cayman company associated with him.

Does the SHENGFENG DEVELOPMENT Ltd (SFWL) Form 3 show any recent insider buying or selling?

The Form 3 records two holding entries with unknown transaction codes and no buy or sell shares. It functions as an initial statement of beneficial ownership, not as a record of new open-market purchases or sales by Liu Yongxu.

What role does Shengfeng International Limited play in SFWL share ownership?

Shengfeng International Limited, described as a wholly owned Cayman company, is the entity through which 41,880,000 Class B Common Stock shares are held. The filing attributes these indirect holdings to Liu Yongxu via this related corporate vehicle.

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

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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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Liu Yongxu

(Last) (First) (Middle)

NO. 478 FUXIN EAST ROAD

JIN'AN DISTRICT

(Street)

FUZHOU 350001

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
05/20/2021

3. Issuer Name and Ticker or Trading Symbol
SHENGFENG DEVELOPMENT Ltd [ SFWL ]

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

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 Common Stock	500,000	D
Class B Common Stock	41,880,000	I	Shengfeng International Limited (wholly-owned Cayman company)

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

Explanation of Responses:

	/s/ Yongxu 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.
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)