Tuya (NYSE: TUYA) director Claire Zhang reports ADS and option stakes

Rhea-AI Filing Summary

Tuya Inc. director Zhang Yan (Claire) filed an initial ownership report showing 104,486 American Depositary Shares (ADSs), each representing one Class A ordinary share. This total includes 85,736 ADSs already beneficially owned plus restricted stock units that vest between 2026 and 2027.

She also holds fully vested stock options over 25,800 and 15,000 Class A ordinary shares, each option exercisable on a one-for-one basis into ADSs at an exercise price of US$0.00005 per share, expiring in 2031 and 2032.

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^*

Zhang Yan (Claire)

(Last) (First) (Middle)

HUACE CENTER, BUILDING A,

10/F, XIHU DISTRICT

(Street)

HANGZHOU CHINA 310000

(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
Tuya Inc. [ TUYA ]

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)
American Depositary Shares(1)(2)	104,486(1)(2)	D

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
Options(3)	01/25/2025(4)	02/21/2031(4)	Class A ordinary shares	25,800	(6)	D
Options(3)	01/01/2025(5)	05/06/2032(5)	Class A ordinary shares	15,000	(6)	D

Explanation of Responses:

1. Each American Depositary Share ("ADS") represents one (1) Class A ordinary share, with a par value of US$0.00005 per share, of Tuya Inc. (the "Issuer").

2. The amount of ADSs include (i) 85,736 ADSs beneficially owned, (ii) 12,500 restricted stock units granted to the reporting person on June 27, 2023 and will vest in equal annual installments on June 27, 2026 and June 27, 2027, and (iii) 6,250 restricted stock units granted to the reporting person on December 14, 2022 and will vest on December 26, 2026. These restricted stock units represent a contingent right to receive one ADS following vesting.

3. Each option is exercisable for one ADS.

4. This Stock Option is fully vested.

5. This Stock Option is fully vested.

6. The exercise price for these options is US$0.00005 per Class A ordinary share.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

	/s/ Chunyan Yu, Attorney-in-Fact for Zhang Yan (Claire)	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 does the Tuya (TUYA) Form 3 filing by Zhang Yan (Claire) show?

The Form 3 shows that director Zhang Yan (Claire) initially reports holding 104,486 ADSs of Tuya Inc. This total combines directly owned ADSs and restricted stock units, plus separate option awards over Class A ordinary shares with very low exercise prices.

How many Tuya (TUYA) ADSs does Claire Zhang beneficially own and through what instruments?

Claire Zhang reports 104,486 ADSs in total. This includes 85,736 ADSs beneficially owned, plus restricted stock units that convert into ADSs upon vesting in 2026 and 2027, providing a mix of current ownership and future equity awards.

What stock option awards does Claire Zhang hold in Tuya (TUYA)?

She holds fully vested options over 25,800 and 15,000 Class A ordinary shares. Each option is exercisable for one ADS at an exercise price of US$0.00005 per share, with expirations in 2031 and 2032, respectively.

How are Tuya (TUYA) American Depositary Shares related to Class A ordinary shares?

Each Tuya American Depositary Share (ADS) represents one Class A ordinary share with a par value of US$0.00005. This one-to-one ratio means ADS counts directly mirror the number of underlying Class A ordinary shares represented.

What restricted stock units are disclosed for Claire Zhang in Tuya (TUYA)?

The filing notes 12,500 restricted stock units granted on June 27, 2023, vesting in 2026 and 2027, and 6,250 restricted stock units granted on December 14, 2022, vesting in 2026. Each unit converts into one ADS upon vesting.