Welcome to our dedicated page for Waterdrop SEC filings (Ticker: WDH), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Waterdrop Inc. (NYSE: WDH) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures as a foreign private issuer. Waterdrop files current reports on Form 6-K under the Securities Exchange Act of 1934, which include press releases on unaudited quarterly financial results and other material updates.
In its 6-K filings, Waterdrop presents information on net operating revenue, segment performance for Insurance, Crowdfunding, and Others, and details of insurance-related income, crowdfunding service fees, and digital clinical trial solution income. These filings also describe operating costs and expenses, operating profit, interest income, income tax expense, and net profit attributable to ordinary shareholders, along with non-GAAP measures such as adjusted net profit and cash position definitions.
Some 6-K reports address board and management composition changes, outlining resignations and appointments of directors and senior managers and clarifying that such changes do not involve disagreements on business, finance, or accounting matters. Other filings attach press releases that discuss share repurchase programs, cash dividends, and the organization of Waterdrop’s operating segments.
On Stock Titan, users can review these SEC filings with AI-powered summaries that explain the key points of each document, helping interpret segment disclosures, capital management actions, and operational trends without reading every line of the original text. Real-time updates from EDGAR ensure that new 6-K submissions and related exhibits are available promptly, while dedicated views make it easier to track recurring disclosures such as quarterly financial updates and governance changes for WDH.
Waterdrop Inc. director Feng Heping reported his existing equity interests. He directly holds 299,820 Class A ordinary shares that were issued upon full vesting of restricted share units granted on June 25, 2023. He also holds share options over 150,000 Class A ordinary shares, granted on June 25, 2021 and now fully vested and exercisable at an exercise price of US$0.08 per share.
Waterdrop Inc. director Huang Kai Victor has filed an initial Form 3 with the SEC, which is a required statement of beneficial ownership when someone becomes an insider. This filing does not list any transactions in Waterdrop shares; it simply establishes his reporting status as a company director.
Waterdrop Inc. reported strong growth for the fourth quarter and full year 2025 and declared a cash dividend. Q4 net operating revenue reached RMB1,411.2 million (US$201.8 million), up 105.5% year-over-year and 44.8% sequentially, with operating profit of RMB83.9 million and net profit attributable to ordinary shareholders of RMB162.1 million.
For 2025, net operating revenue rose 43.5% to RMB3,977.8 million, while operating profit more than doubled to RMB370.9 million and net profit attributable to ordinary shareholders increased to RMB568.9 million. Adjusted net profit was RMB619.6 million. The company highlighted rapid AI-driven growth in its insurance and clinical trial businesses and ongoing cost discipline in general and administrative spending.
The board approved a cash dividend of US$0.03 per ADS (US$0.003 per ordinary share), with an expected aggregate payout of about US$10.8 million. By February 2026, Waterdrop had cumulatively repurchased approximately 60.7 million ADSs for about US$118.1 million, while ending 2025 with a cash position of RMB3,249.0 million (US$464.6 million).
Waterdrop Inc. director YU Haiyang filed an initial ownership report on Form 3 stating that he currently has no securities beneficially owned in the company. This filing is a routine disclosure of insider holdings and does not report any recent stock transactions or option awards.
Waterdrop Inc. director and VP of Human Resources Xiaolei Sun has filed an initial ownership report detailing her equity interests in the company. The filing lists share options over 800,000 Class A ordinary shares with an exercise price of US$0.08 per share, all of which are fully vested and exercisable.
The report also describes indirect pecuniary interest in 4,200,000 Class A ordinary shares held of record by Ark Trust (Hong Kong) Limited, for which she disclaims beneficial ownership beyond that indirect interest. In addition, several restricted share unit awards are outlined, including 1,039,630 and 1,583,340 Class A ordinary shares that have fully vested from grants made on October 1, 2022 and January 1, 2023, respectively.
Further awards cover 73,730, 1,000,000 and 900,000 Class A ordinary shares from grants in 2023, 2024 and 2026, with portions already vested and the remaining shares scheduled to vest in installments between January 1, 2027 and February 1, 2030.
Waterdrop Inc. director and Head of Insurance Business Ran Wei filed an amended Form 3 reporting his equity interests in the company. The filing is holdings-only, with no new buy or sell transactions reported.
The disclosure shows share options over 200,000 Class A ordinary shares, granted on March 25, 2021 with a US$0.08 exercise price, which are fully vested and exercisable. It also records 11,088,000 Class A ordinary shares held by Christmastrees Holdings Limited, where Ran Wei, as sole director, has sole voting and disposal power, and an indirect pecuniary interest in 1,000,000 Class A ordinary shares held by Ark Trust (Hong Kong) Limited. Several restricted share unit awards have resulted in or will result in Class A ordinary shares, including fully vested awards of 1,039,630 shares granted on October 1, 2022 and 2,083,340 shares granted on January 1, 2023, plus additional awards that vest in installments through 2030.
Waterdrop Inc. executive Li Jieru, VP of Finance and Head of Strategy and Capital Markets, filed an amended Form 3 detailing her equity holdings. She holds share options over 375,000 Class A ordinary shares, of which 250,000 are currently exercisable and the remainder vest on March 25, 2026, at an exercise price of US$0.08 per share. She also holds another option grant over 275,000 shares that is fully vested at the same exercise price.
The filing lists restricted share unit awards tied to Class A ordinary shares. One award covers 240,000 shares, with 100,000 already vested and the rest vesting on October 1, 2026. A second award covers 1,530,000 shares, with 450,000 vested and the balance vesting in installments on March 1, 2027 and March 1, 2028. Additional awards cover 646,410 shares vesting annually from April 1, 2026 through April 1, 2029, and 500,000 shares vesting annually from February 1, 2027 through February 1, 2030, highlighting a long-term, performance- and service-based compensation structure.
Waterdrop Inc. Head of R&D ZHOU Xiaobo has amended his insider holdings disclosure, detailing current equity awards and share ownership. He reports share options granted on March 25, 2021 that are fully vested and exercisable at an exercise price of US$0.08 per Class A ordinary share, covering 600,000 underlying shares.
The amendment also outlines multiple restricted share unit (RSU) grants. These include awards granted on March 25, 2022, October 1, 2022, December 25, 2023, April 1, 2024, March 1, 2025, and February 24, 2026, with portions already vested and the remaining units scheduled to vest in installments through 2030. Overall, the filing provides a clearer view of ZHOU’s mix of vested shares, fully vested options, and time-based RSUs that vest over the next several years.
Waterdrop Inc. Head of Legal Liu Nian filed an initial Form 3 reporting equity holdings in the company’s Class A ordinary shares. The filing shows several restricted share unit (RSU) awards for 700,000, 900,000, 552,610 and 700,000 shares, each granted between March 2025 and October 2022 with vesting schedules extending through 2030.
The RSUs vest in stages, with portions already vested and the remainder vesting on dates including October 1, 2026, March 1, 2027, March 1, 2028, and installments from April 1, 2026 to April 1, 2029, and from February 1, 2027 to February 1, 2030. Liu Nian also holds fully vested share options granted on March 25, 2021, covering 500,000 and 200,000 Class A ordinary shares at an exercise price of US$0.08 per share.
Waterdrop Inc. director Wei Chenyang has filed an initial ownership report showing equity awarded as compensation rather than new market trades. Wei holds 299,820 Class A ordinary shares issued upon vesting of restricted share units that were granted on June 25, 2023 and are now fully vested.
Wei also holds share options covering 150,000 Class A ordinary shares, granted on June 25, 2021, which are fully vested and exercisable at an exercise price of US$0.08 per Class A ordinary share. These positions reflect existing, fully vested awards and do not indicate recent buying or selling in the open market.