Waterdrop (NYSE: WDH) director reports 220,000 vested Class A shares

Rhea-AI Filing Summary

Waterdrop Inc. director Lin Chen filed an initial ownership report showing holdings of 220,000 Class A ordinary shares. These shares were issued upon the vesting of restricted share unit awards that were granted on March 25, 2025 and are now fully vested.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Lin Chen

Role Director

Type	Security	Shares	Price	Value
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 220,000 shares (Direct)

Footnotes (1)

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Understanding Insider Trading Forms →

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^*

Lin Chen

(Last) (First) (Middle)

UNIVERSITY OF HONG KONG

(Street)

K3 K3 00000

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/16/2026

3. Issuer Name and Ticker or Trading Symbol
Waterdrop Inc. [ WDH ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

5. If Amendment, Date of Original Filed (Month/Day/Year)

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 ordinary shares(1)	220,000	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

Explanation of Responses:

1. Represents 220,000 Class A ordinary shares of the Issuer issued upon the vesting of the underlying restricted share unit awards. These restricted share units were granted on March 25, 2025. These restricted share units have been fully vested as of the date hereof.

	/s/Chen Lin	03/16/2026
	** 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.

FAQ

What does Lin Chen’s Form 3 filing for Waterdrop Inc. (WDH) show?

The Form 3 shows that director Lin Chen beneficially owns 220,000 Class A ordinary shares. These shares were issued when previously granted restricted share units vested and are now fully vested, reflecting equity-based compensation rather than open-market trading activity.

How many Waterdrop (WDH) shares does Lin Chen report owning?

Lin Chen reports ownership of 220,000 Class A ordinary shares. According to the filing, these shares were issued upon the vesting of restricted share units that had been granted earlier and have fully vested as of the reporting date.

How did Lin Chen obtain the 220,000 Waterdrop (WDH) shares?

The 220,000 Class A ordinary shares were issued upon the vesting of restricted share unit awards. The filing states these restricted share units were granted on March 25, 2025 and have fully vested, converting into the reported shareholding.

Are Lin Chen’s reported Waterdrop (WDH) shares from open-market purchases?

No, the 220,000 Class A ordinary shares come from vested restricted share units. The footnote explains they were issued upon vesting of awards granted on March 25, 2025, indicating equity compensation rather than open-market buying or selling.

What is the significance of the March 25, 2025 grant date in WDH’s Form 3?

March 25, 2025 is the date the restricted share unit awards were granted to Lin Chen. The filing notes these awards have fully vested by the reporting date, resulting in issuance of 220,000 Class A ordinary shares now reported as beneficially owned.