Director Shi Peng reports initial RSU and ADS holdings in Xunlei (XNET) Form 3

Rhea-AI Filing Summary

Xunlei Ltd director Shi Peng reported initial holdings in a Form 3. The filing shows direct ownership of restricted share units representing 300,000 underlying American Depository Shares and direct ownership of 180,000 American Depository Shares. The RSUs were granted on August 6, 2025 and are scheduled to vest in three equal instalments of 100,000 ADSs on August 6, 2026, August 6, 2027, and August 6, 2028. Each RSU or ADS represents five Class A common shares of Xunlei Ltd.

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^*

Shi Peng

(Last) (First) (Middle)

21F, 3709 BAISHI ROAD

(Street)

SHENZHEN F4

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/17/2026

3. Issuer Name and Ticker or Trading Symbol
Xunlei Ltd [ XNET ]

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)
American Depository Shares ("ADS")	180,000	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
Restricted Share Unit ("RSU")	(1)	(1)	American Depository Shares	300,000	(2)	D

Explanation of Responses:

1. These restricted share units("RSU") were granted on August 6, 2025 and will vest 100,000 ADSs on August 6, 2026, August 6, 2027, and August 6, 2028, respectively.

2. Each RSU/ADS represents five Class A common shares of the Issuer.

	/s/ Peng Shi	03/17/2026
	** 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 the Xunlei (XNET) Form 3 filed by Shi Peng show?

The Form 3 shows director Shi Peng’s initial ownership in Xunlei Ltd. It reports restricted share units tied to 300,000 underlying ADSs and direct ownership of 180,000 ADSs, establishing his starting equity position as an insider.

How many Xunlei (XNET) restricted share units does Shi Peng hold?

Shi Peng holds restricted share units linked to 300,000 underlying American Depository Shares. These RSUs were granted on August 6, 2025 and are structured to vest in three equal annual tranches, each covering 100,000 ADSs over a defined period.

What is the vesting schedule for Shi Peng’s Xunlei (XNET) RSUs?

The RSUs granted to Shi Peng on August 6, 2025 will vest in three stages: 100,000 ADSs on August 6, 2026, another 100,000 ADSs on August 6, 2027, and the final 100,000 ADSs on August 6, 2028, subject to applicable conditions.

How many Xunlei (XNET) American Depository Shares does Shi Peng own directly?

The Form 3 reports that Shi Peng directly owns 180,000 American Depository Shares of Xunlei Ltd. This is separate from his restricted share units and reflects his current direct ADS holdings after the reported positions in the filing.

How are Xunlei (XNET) ADSs and Class A common shares related in this filing?

Each restricted share unit or American Depository Share in this filing represents five Class A common shares of Xunlei Ltd. This ratio links the ADS and RSU instruments to the company’s underlying Class A equity structure as disclosed in the footnotes.

Does the Xunlei (XNET) Form 3 indicate any recent buy or sell by Shi Peng?

No buy or sell transactions are indicated. The Form 3 records holding entries only, establishing Shi Peng’s existing RSU and ADS positions as a director, rather than reporting new open-market purchases or sales during the covered date.