Sohu.com (SOHU) CEO Charles Zhang discloses direct and indirect holdings

Rhea-AI Filing Summary

Sohu.com Ltd Chairman and CEO Charles Zhang filed an initial insider report detailing his equity interests. He directly holds 343,700 Ordinary Shares and a fully vested option to buy 70,000 Ordinary Shares at an exercise price of $0.001 per share, expiring on June 30, 2029. He is also a director of Photon Group Limited, which holds 11,048,400 American depositary shares, each representing one Ordinary Share. Zhang may be deemed to share voting and disposition power over these Photon-held shares but expressly disclaims beneficial ownership except to the extent of his pecuniary interest.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider ZHANG CHARLES

Role Chairman of the Board and CEO

Type	Security	Shares	Price	Value
holding	Option (right to buy)	--	--	--
holding	Ordinary Shares	--	--	--
holding	Ordinary Shares	--	--	--

Holdings After Transaction: Option (right to buy) — 70,000 shares (Direct); Ordinary Shares — 343,700 shares (Direct); Ordinary Shares — 11,048,400 shares (Indirect, By Photon Group Limited)

Footnotes (1)

1. Represented by American depositary shares ("ADSs"), each ADS representing one Ordinary Share. Represented by 11,048,400 ADSs held by Photon Group Limited, a British Virgin Islands corporation ("Photon"). The Reporting Person is one of the Directors of Photon and may be deemed to beneficially own the 11,048,400 Ordinary Shares beneficially owned by Photon. The Reporting Person shares with the other Directors of Photon the power to vote and dispose of or direct the disposition of such Ordinary Shares. The Reporting Person disclaims beneficial ownership of the 11,048,400 Ordinary Shares represented by the ADSs held by Photon except to the extent of his pecuniary interest in such Ordinary Shares. All of such options are vested and exercisable as of the date of this Form.

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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^*

ZHANG CHARLES

(Last) (First) (Middle)

LEVEL 18, SOHU.COM MEDIA PLAZA, BLOCK 3

2 KEXUEYUAN SOUTH RD, HAIDIAN DISTRICT

(Street)

BEIJING CHINA 100190

(City) (State) (Zip)

CHINA

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Sohu.com Ltd [ SOHU ]

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)
	Chairman of the Board and CEO

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)
Ordinary Shares(1)	343,700	D
Ordinary Shares(1)	11,048,400	I	By Photon Group Limited(2)

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 (right to buy)	(3)	06/30/2029	Ordinary Shares	70,000	$0.001	D

Explanation of Responses:

1. Represented by American depositary shares ("ADSs"), each ADS representing one Ordinary Share.

2. Represented by 11,048,400 ADSs held by Photon Group Limited, a British Virgin Islands corporation ("Photon"). The Reporting Person is one of the Directors of Photon and may be deemed to beneficially own the 11,048,400 Ordinary Shares beneficially owned by Photon. The Reporting Person shares with the other Directors of Photon the power to vote and dispose of or direct the disposition of such Ordinary Shares. The Reporting Person disclaims beneficial ownership of the 11,048,400 Ordinary Shares represented by the ADSs held by Photon except to the extent of his pecuniary interest in such Ordinary Shares.

3. All of such options are vested and exercisable as of the date of this Form.

	/s/ Charles Zhang	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 Sohu (SOHU) CEO Charles Zhang report on this Form 3?

Charles Zhang reports direct and indirect equity interests in Sohu.com Ltd. He directly holds 343,700 Ordinary Shares and a vested option for 70,000 shares, and is a director of Photon Group Limited, which holds 11,048,400 ADSs representing Ordinary Shares.

How many Sohu Ordinary Shares are tied to Charles Zhang’s stock option?

Zhang holds an option linked to 70,000 Ordinary Shares. The option has an exercise price of $0.001 per share, is fully vested and exercisable as of the Form 3 date, and is scheduled to expire on June 30, 2029, if not exercised earlier.

What is Photon Group Limited’s role in Charles Zhang’s Sohu (SOHU) ownership?

Photon Group Limited holds 11,048,400 Sohu ADSs. Charles Zhang is one of Photon’s directors and may be deemed to share voting and disposition power over those Ordinary Shares, while disclaiming beneficial ownership except for his actual pecuniary interest in the shares.

How are Sohu.com Ltd Ordinary Shares represented in ADS form on this Form 3?

The filing states each ADS represents one Sohu Ordinary Share. Photon Group Limited’s 11,048,400 ADSs therefore correspond to 11,048,400 Ordinary Shares. This one-to-one relationship helps investors understand the scale of indirect ownership reported through the ADS structure.

Are Charles Zhang’s Sohu stock options vested according to this Form 3?

Yes, all reported options are vested and exercisable. The Form 3 notes that the option covering 70,000 Ordinary Shares at a $0.001 exercise price is fully vested and exercisable as of the filing date, with an expiration date of June 30, 2029.