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.
Waterdrop Inc. filings document foreign-private-issuer reporting for an ADR whose ADSs represent rights to Class A ordinary shares. Form 6-K current reports furnish unaudited financial results, cash dividend announcements, insurance business metrics, Waterdrop Medical Crowdfunding activity, and E-Find Platform clinical trial enrollment disclosures.
The company’s regulatory record also covers annual Form 20-F reporting, audited consolidated financial statements, board composition changes, finance leadership responsibilities, internal control oversight, and other governance matters reported by a foreign issuer under the Exchange Act.
Waterdrop Inc. director and CEO Shen Peng filed an initial statement of beneficial ownership, detailing his indirect holdings in the company. The filing shows 4,000 Class A ordinary shares held by First Principles Z Holdings Limited, where Shen is the sole director with sole voting and disposal power. It also lists 801,904,979 Class B ordinary shares held by Neptune Max Holdings Limited, a British Virgin Islands company that Shen controls as sole director and is deemed to beneficially own through a family trust he established.
Waterdrop Inc. executive Li Jieru, VP of Finance and Head of Strategy and Capital Markets, has filed an initial statement of beneficial ownership of Class A ordinary shares and related equity awards.
The filing lists share options covering 375,000 and 275,000 Class A ordinary shares, with options granted on March 25, 2021 carrying an exercise price of US$0.08 per share. It also details restricted share units representing 400,000, 1,800,000, 646,410 and 500,000 Class A ordinary shares, some of which have already vested and the rest scheduled to vest between October 1, 2026 and February 1, 2030.
Investment entities affiliated with Gaorong and Banyan have updated their beneficial ownership in Waterdrop Inc.'s Class A ordinary shares. Taken together, the reporting persons beneficially own 5.54% of the outstanding Class A shares, 4.32% of total ordinary shares and 1.56% of aggregate voting power.
The positions are held through several layered vehicles, including Gaorong Technology Consulting Limited, Suzhou Gaorong, Xizang Gaorong, Beijing Gaorong, Gaorong Group Holdings, Banyan Partners Fund III, Banyan Partners Fund III-A and Banyan Partners III Ltd. The filing details shared voting and dispositive power structures and includes multiple disclaimers that each entity may be deemed to beneficially own shares held by related entities but disclaims group status.
Ownership percentages are calculated using 2,814,720,121 Class A shares and 801,904,979 Class B shares outstanding as of March 31, 2025, as disclosed in Waterdrop’s Form 20-F. Class A shares carry one vote each, while Class B shares carry nine votes and are convertible into Class A shares.
Waterdrop Inc reported changes to its board and senior management. Mr. Guang Yang resigned as director, vice president of finance and general manager of international business due to personal reasons, effective December 2, 2025, and the company stated his departure does not involve any disagreement over its business, finance, accounting or other affairs.
Ms. Xiaolei Sun, vice president of human resources and organization development, has been appointed as a new director. At the same time, Ms. Jieru Li, previously Board secretary and head of strategy and capital markets, has been appointed as vice president of finance, overseeing accounting, financial and internal control matters. The company highlighted Ms. Li’s prior experience in private equity, strategic investment and consulting, as well as her finance degree from Tsinghua University and MBA from Columbia Business School.
Waterdrop Inc. furnished a Form 6-K to provide investors with a press release as an exhibit. The press release announces the company’s unaudited financial results for the second quarter of 2025 and a cash dividend. This filing mainly serves as a formal submission of that information to U.S. regulators.