WeRide (WRD) CTO Li Yan discloses option and share holdings

Rhea-AI Filing Summary

WeRide Inc. director and Chief Technology Officer Li Yan filed an initial ownership report showing existing equity interests rather than new trades. The filing lists directly held share options over 2,959,801 Class A Ordinary Shares at an exercise price of $3.8900 per share, expiring on July 26, 2034, which are fully vested and exercisable. It also reports additional share options over 7,554,173 Class A Ordinary Shares at an exercise price of $1.2400 per share, expiring on October 29, 2032, with vesting tied to continued service. Indirectly, entities Humber Partners Limited and Yanli Holdings Limited hold Class A and Class B Ordinary Shares that are attributed to Li Yan, and each Class B Ordinary Share is convertible into one Class A Ordinary Share at any time.

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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Li Yan

(Last) (First) (Middle)

C/O WERIDE INC.

21ST FLOOR, TOWER A, NO. 51, LUOXUAN RD

(Street)

GUANGZHOU 00000

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
WeRide Inc. [ WRD ]

3a. Foreign Trading Symbol
[HKEX:0800]

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
X	Officer (give title below)		Other (specify below)
	Chief Technology Officer

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	11,129,666	I	By Humber Partners Limited(1)
Class A Ordinary Shares	16,000,000	I	By Yanli Holdings Limited(1)

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
Share Option (right to buy)	(2)	07/26/2034	Class A Ordinary Shares	2,959,801	$3.89	D
Share Option (right to buy)	(3)	10/29/2032	Class A Ordinary Shares	7,554,173	$1.24	D
Class B Ordinary Shares	(4)	(4)	Class A Ordinary Shares	13,564,823	(4)	I	By Humber Partners Limited(1)
Class B Ordinary Shares	(4)	(4)	Class A Ordinary Shares	10	(4)	I	By Yanli Holdings Limited(1)

Explanation of Responses:

1. The Reporting Person holds 51% equity interests in Yanli Holdings Limited through Humber Partners Limited, which is in turn 100% owned by the Reporting Person. The Reporting Person is also the sole director of Yanli Holdings Limited.

2. Fully vested and exercisable.

3. This option vested 25% on October 29, 2023 and the remainder vested or vests in 36 equal monthly installments thereafter, subject to the Reporting Person's continued service to the Issuer.

4. Each Class B Ordinary Share is convertible at any time at the option of the Reporting Person into one Class A Ordinary Share.

	/s/ Ava Liang Wang, Attorney-in-Fact	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 Li Yan’s Form 3 filing for WeRide (WRD) show?

The Form 3 shows Li Yan’s existing equity positions in WeRide, including direct share options and indirect holdings through Humber Partners Limited and Yanli Holdings Limited. It reflects ownership status, not new buying or selling activity.

What share options does Li Yan hold in WeRide (WRD)?

Li Yan holds options over 2,959,801 Class A shares at $3.8900, expiring July 26, 2034, and options over 7,554,173 Class A shares at $1.2400, expiring October 29, 2032. One grant is fully vested; the other vests monthly with continued service.

How are Li Yan’s indirect WeRide (WRD) holdings structured?

Indirect holdings are reported as shares held by Humber Partners Limited and by Yanli Holdings Limited. The filing explains Li Yan’s equity interests and director role in these entities, so their WeRide share positions are attributed to Li Yan for reporting purposes.

What is special about Li Yan’s Class B shares in WeRide (WRD)?

The filing states that each Class B Ordinary Share is convertible at any time, at Li Yan’s option, into one Class A Ordinary Share. This gives flexibility to switch from high-vote Class B shares into standard Class A shares when desired.

Does Li Yan’s WeRide (WRD) Form 3 indicate recent trades?

The report lists holdings and option positions and transaction codes are shown as unknown, with no buy or sell counts. This indicates the filing is an initial ownership snapshot rather than a record of recent market transactions.