XCHG Ltd (XCH) president details large RSU, ADS and share stake

Rhea-AI Filing Summary

XCHG Ltd President Patel Aatish filed an initial ownership report showing a sizable equity position in the company. He holds restricted stock units covering 19,737,120 Class A Ordinary Shares, which vest in tranches from July 1, 2026 through September 10, 2028. He also holds 283,559 American Depositary Shares, each representing 40 Class A Ordinary Shares and convertible at any time, for an underlying 11,342,360 Class A shares. In addition, he owns 6,232,800 Class A Ordinary Shares directly.

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^*

Patel Aatish

(Last) (First) (Middle)

XCHARGE ENERGY USA INC.

19121 MARKETPLACE AVE, BLDG 2 STE 2-145

(Street)

KYLE TEXAS 78640

(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
XCHG Ltd [ XCH ]

3a. Foreign Trading Symbol

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

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

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

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	6,232,800	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
Restricted Stock Units	(1)	(1)	Class A Ordinary Shares	19,737,120(1)	(1)	D
American Depositary Shares	(2)	(2)	Class A Ordinary Shares	11,342,360(2)	(2)	D

Explanation of Responses:

1. The Restricted Stock Units ("RSUs") will vest on the following schedule, subject to continued service to the Issuer: 4,155,160 RSUs will vest on July 1, 2026; 5,194,000 RSUs will vest on each of September 10, 2026 and September 10, 2027; and 5,193,960 RSUs will vest on September 10, 2028. Each RSU represents the contingent right to receive, following vesting, one of the Issuer's Class A Ordinary Shares, par value US$0.00001 per share (each, a "Class A Ordinary Share"), or the equivalent value of one Class A Ordinary Share in cash. In lieu of Class A Ordinary Shares, the RSUs may be settled in an equivalent number of ADSs.

2. The reporting person holds 283,559 American Depositary Shares ("ADSs"), each representing 40 Class A Ordinary Shares. Each ADS is convertible at any time, at the holder's election, into 40 Class A Ordinary Shares. The ADSs have no expiration date.

Remarks:

Exhibit 24 - Power of Attorney.

	/s/ Ran Li, attorney-in-fact for Aatish V. Patel	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 the Form 3 filing by XCHG Ltd (XCH) show for President Patel Aatish?

The Form 3 shows President Patel Aatish’s initial ownership in XCHG Ltd. It details his restricted stock units, American Depositary Shares, and directly held Class A Ordinary Shares, giving investors a clear view of his equity stake at the start of his reporting obligations.

How many restricted stock units does XCHG Ltd president Patel Aatish hold?

President Patel Aatish holds 19,737,120 restricted stock units tied to Class A Ordinary Shares. These RSUs vest in several scheduled tranches between July 1, 2026 and September 10, 2028, aligning his compensation with the company’s long-term performance and his continued service.

What is the vesting schedule for XCHG Ltd (XCH) president’s RSUs?

The RSUs vest as follows: 4,155,160 on July 1, 2026; 5,194,000 on September 10, 2026; another 5,194,000 on September 10, 2027; and 5,193,960 on September 10, 2028. Each vested unit delivers one Class A share or equivalent value, potentially via ADSs.

How many American Depositary Shares related to XCHG Ltd does Patel Aatish own?

He owns 283,559 American Depositary Shares (ADSs), each representing 40 Class A Ordinary Shares. These ADSs are convertible at any time into the underlying Class A shares and have no expiration date, providing flexible exposure to the company’s equity structure.

How many Class A Ordinary Shares of XCHG Ltd does the president hold directly?

The filing reports that President Patel Aatish directly holds 6,232,800 Class A Ordinary Shares. This direct share ownership is separate from his restricted stock units and ADSs, and it represents an immediate, fully vested equity stake in XCHG Ltd.

Do the XCHG Ltd RSUs for the president settle in shares or cash?

Each RSU entitles the holder, after vesting, to receive one Class A Ordinary Share or the equivalent cash value. The RSUs may also be settled in an equivalent number of American Depositary Shares, providing flexibility in how the award is ultimately delivered.