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Universe Pharmaceuticals (NASDAQ: UPC) CEO Gang Lai reports 13.58% ownership in Schedule 13D

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D

Rhea-AI Filing Summary

Universe Pharmaceuticals INC disclosed that Chief Executive Officer and Chairman Gang Lai has become a significant shareholder through an equity compensation grant and existing holdings. On May 7, 2026, he received 71,890 Class A ordinary shares and 12,610 Class B ordinary shares under the company’s 2026 Equity Incentive Plan as compensation for past services. Including 3,467 Class B ordinary shares held through Sununion Holding Group Limited, which he controls, Lai beneficially owns 87,967 ordinary shares, representing 13.58% of the company’s outstanding Class A ordinary shares, giving him substantial voting and economic influence over the issuer.

Positive

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Insights

Filing shows CEO now holds about 13.6% of Universe Pharmaceuticals’ equity via grants and existing stakes.

Universe Pharmaceuticals granted CEO and Chairman Gang Lai 71,890 Class A and 12,610 Class B ordinary shares for past services under the 2026 Equity Incentive Plan. Combined with 3,467 Class B shares held through Sununion Holding Group Limited, this consolidates his economic stake.

Post-grant, Lai beneficially owns 87,967 ordinary shares, equal to 13.58% of outstanding Class A shares, while Sununion alone represents 0.55%. This Schedule 13D clarifies his control position, as he has sole power over his direct holdings and shared power over Sununion’s shares.

The filing frames Lai’s stake as intended for ongoing ownership but leaves room for future purchases or sales. Subsequent company disclosures can further detail how this ownership level influences governance decisions and capital allocation.

Direct Class A grant 71,890 Class A shares Granted to Gang Lai on May 7, 2026 under 2026 Equity Incentive Plan
Direct Class B grant 12,610 Class B shares Granted to Gang Lai on May 7, 2026 under 2026 Equity Incentive Plan
Sununion Class B holdings 3,467 Class B shares Held by Sununion Holding Group Limited controlled by Gang Lai
Total beneficial ownership 87,967 ordinary shares Combined direct and indirect holdings attributed to Gang Lai
Ownership percentage 13.58% of Class A Gang Lai’s beneficial ownership relative to outstanding Class A shares
Sununion ownership percentage 0.55% of Class A Based on Sununion’s 3,467 Class B shares convertible into Class A
Shares outstanding baseline 631,761 Class A shares Issuer’s Class A ordinary shares outstanding as of the filing date
Event date May 7, 2026 Date of equity grant triggering this Schedule 13D
beneficially owns financial
"Sununion Holding Group Limited beneficially owns 3,467 Class B ordinary shares"
Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.
Class B ordinary shares financial
"Sununion Holding Group Limited beneficially owns 3,467 Class B ordinary shares"
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.
Equity Incentive Plan financial
"under the Issuer's 2026 Equity Incentive Plan (the "Equity Grant")"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
Schedule 13D regulatory
"The percentage of beneficial ownership of the Reporting Persons, as reported in this , was calculated"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
Joint Filing Agreement regulatory
"Each of the Reporting Persons is a party to that certain Joint Filing Agreement attached hereto as Exhibit 99.1"





G9442G138

(CUSIP Number)
GANG LAI
265 Jingjiu Avenue, Jinggangshan Econ. and Tech. Dev. Zone
Ji'an, Jiangxi, F4, 343100
86-0796-8403309

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
05/07/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
The amount in rows 8, 10 and 11 represents 3,467 Class A ordinary shares issuable upon the conversion of 3,467 Class B ordinary shares beneficially owned by Mr. Gang Lai through Sununion Holding Group Limited, a business company incorporated in the British Virgin Islands, which is controlled by Mr. Gang Lai. The beneficial ownership percentage set forth in row 13 is calculated based on 631,761 Class A ordinary shares of the Issuer issued and outstanding as of the date of this filing, plus 3,467 Class A ordinary shares issuable upon the conversion of 3,467 Class B ordinary shares beneficially owned by Mr. Gang Lai through Sununion Holding Group Limited.


SCHEDULE 13D




Comment for Type of Reporting Person:
The amount in rows 7 and 9 represents 71,890 Class A ordinary shares directly owned by Mr. Gang Lai and 12,610 Class A ordinary shares issuable upon the conversion of 12,610 Class B ordinary shares directly owned by Mr. Gang Lai. The amount in rows 8 and 10 represents 3,467 Class A ordinary shares issuable upon the conversion of 3,467 Class B ordinary shares beneficially owned by Mr. Gang Lai through Sununion Holding Group Limited, a business company incorporated in the British Virgin Islands, which is controlled by Mr. Gang Lai. The amount in row 11 represents 71,890 Class A ordinary shares directly owned by Mr. Gang Lai, 12,610 Class A ordinary shares issuable upon the conversion of 12,610 Class B ordinary shares directly owned by Mr. Gang Lai, and 3,467 Class A ordinary shares issuable upon the conversion of 3,467 Class B ordinary shares beneficially owned by Mr. Gang Lai through Sununion Holding Group Limited, a business company incorporated in the British Virgin Islands, which is controlled by Mr. Gang Lai. The beneficial ownership percentage set forth in row 13 is calculated based on 631,761 Class A ordinary shares of the Issuer issued and outstanding as of the date of this filing, plus 16,077 Class A ordinary shares issuable upon the conversion of 16,077 Class B ordinary shares directly owned by Mr. Gang Lai and beneficially owned by Mr. Gang Lai through Sununion Holding Group Limited.


SCHEDULE 13D


Sununion Holding Group Ltd
Signature:/s/ Gang Lai
Name/Title:Gang Lai / Director
Date:05/21/2026
Gang Lai
Signature:/s/ Gang Lai
Name/Title:Gang Lai
Date:05/21/2026

FAQ

How many Universe Pharmaceuticals (UPC) shares does Gang Lai now beneficially own?

Gang Lai beneficially owns 87,967 ordinary shares of Universe Pharmaceuticals. This includes 71,890 Class A shares, 16,077 Class B shares (direct and via Sununion), reflecting his combined direct and indirect equity interest in the company.

What percentage of Universe Pharmaceuticals (UPC) does Gang Lai’s stake represent?

Gang Lai’s 87,967 ordinary shares represent 13.58% of Universe Pharmaceuticals’ outstanding Class A ordinary shares. The percentage is calculated against 631,761 Class A shares outstanding plus shares issuable from his convertible Class B holdings.

What equity grant did Universe Pharmaceuticals (UPC) give to Gang Lai in May 2026?

On May 7, 2026, Universe Pharmaceuticals granted Gang Lai 71,890 Class A and 12,610 Class B ordinary shares. The grant was made under the 2026 Equity Incentive Plan as consideration for past services pursuant to a May 5, 2026 award agreement.

What is Sununion Holding Group Limited’s role in Universe Pharmaceuticals (UPC) ownership?

Sununion Holding Group Limited, controlled by Gang Lai, holds 3,467 Class B ordinary shares. These are convertible into 3,467 Class A shares and correspond to 0.55% of the Class A shares outstanding when included in the beneficial ownership calculation.

Why did Universe Pharmaceuticals (UPC) file a Schedule 13D for Gang Lai and Sununion?

The Schedule 13D reports that Gang Lai and Sununion Holding Group Limited together beneficially own more than 5% of Universe Pharmaceuticals. It details their shareholdings, voting and dispositive powers, and the May 2026 equity grant that increased Lai’s ownership stake.

Does Gang Lai intend to keep his Universe Pharmaceuticals (UPC) shares long term?

The filing states that Gang Lai acquired the shares through an equity grant and intends to maintain his holding on a continuing basis. It also notes he may later acquire additional shares or dispose of some or all shares, depending on future decisions.