Yuanbao Inc. (YB) CPO Sun Shuli reports options, RSUs and shares

Rhea-AI Filing Summary

Yuanbao Inc. director and Chief Product Officer Sun Shuli filed an initial ownership report showing a mix of direct and indirect equity interests in the company. The filing lists several option grants over Class A ordinary shares, including 900,000 shares at an exercise price of $0.0600 per share expiring in 2030, along with smaller option grants at higher exercise prices extending to 2035. Sun also holds 90,000 restricted share units that vest in stages between 2026 and 2029. In addition, 6,299,986 Class A ordinary shares are held indirectly through Global Running Lion Limited and are reported as beneficially owned.

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^*

Sun Shuli

(Last) (First) (Middle)

BUILDING 2, NO.8 BEICHEN WEST ROAD

CHAOYANG DISTRICT

(Street)

BEIJING 100101

(City) (State) (Zip)

CHINA

(Country)

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

3. Issuer Name and Ticker or Trading Symbol
Yuanbao Inc. [ YB ]

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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Product 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	6,299,986	I	By Global Running Lion 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
Option (Right to Buy)	(2)	08/01/2030	Class A ordinary share	900,000	$0.06	D
Option (Right to Buy)	(3)	08/01/2031	Class A ordinary share	50,000	$0.15	D
Option (Right to Buy)	(4)	03/01/2032	Class A ordinary share	100,000	$0.2	D
Option (Right to Buy)	(5)	11/15/2034	Class A ordinary share	100,000	$0.35	D
Option (Right to Buy)	(6)	04/01/2035	Class A ordinary share	60,000	$0.4	D
Restricted Share Units	(7)	(7)	Class A ordinary share	90,000	(7)	D

Explanation of Responses:

1. Represents 6,299,986 Class A ordinary shares held by Global Running Lion Limited and beneficially owned by the Reporting Person.

2. The options have become fully vested and exercisable on August 1, 2024. Each Option entitles the holder to purchase one share of the Issuer's Class A ordinary share upon exercising.

3. The options have become fully vested and exercisable on August 1, 2025. Each Option entitles the holder to purchase one share of the Issuer's Class A ordinary share upon exercising.

4. The options vest in four installments of 15%, 25%, 30% and 30% of the total grant on each of March 1, 2023, March 1, 2024, March 1, 2025 and March 1, 2026, respectively. Each Option entitles the holder to purchase one share of the Issuer's Class A ordinary share upon exercising.

5. The options vest in four installments of 15%, 25%, 30% and 30% of the total grant on each of October 1, 2025, October 1, 2026, October 1, 2027 and October 1, 2028, respectively. Each Option entitles the holder to purchase one share of the Issuer's Class A ordinary share upon exercising.

6. The options vest in four installments of 15%, 25%, 30% and 30% of the total grant on each of April 1, 2026, April 1, 2027, April 1, 2028 and April 1, 2029, respectively. Each Option entitles the holder to purchase one share of the Issuer's Class A ordinary share upon exercising.

7. The RSUs vest in four installments of 15%, 25%, 30% and 30% of the total grant on each of November 20, 2026, November 20, 2027, November 20, 2028 and November 20, 2029, respectively. Each RSU represents a contingent right to receive one share of the Issuer's Class A ordinary share upon vesting.

	/s/ Sun Shuli	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 Yuanbao Inc. (YB) disclose in Sun Shuli’s Form 3 filing?

The Form 3 shows that Chief Product Officer and director Sun Shuli holds options, restricted share units, and indirect shares in Yuanbao Inc. It details multiple option grants, 90,000 RSUs, and 6,299,986 Class A ordinary shares held through Global Running Lion Limited.

How many Yuanbao Inc. (YB) shares are held indirectly for Sun Shuli?

The filing reports 6,299,986 Class A ordinary shares held indirectly through Global Running Lion Limited and beneficially owned by Sun Shuli. This indirect position is separate from his options and restricted share units over additional Class A ordinary shares.

What stock options does Sun Shuli hold in Yuanbao Inc. (YB)?

Sun Shuli holds several option grants over Yuanbao Class A ordinary shares, including 900,000 shares at an exercise price of $0.0600 expiring on August 1, 2030. Additional grants cover 50,000, 100,000, 100,000 and 60,000 shares at higher exercise prices with expirations through 2035.

What restricted share units are reported for Sun Shuli at Yuanbao Inc. (YB)?

The filing lists 90,000 restricted share units tied to Yuanbao Class A ordinary shares. These RSUs vest in four installments of 15%, 25%, 30% and 30% on November 20 in each of 2026, 2027, 2028 and 2029, respectively.

Does the Yuanbao Inc. (YB) Form 3 show any recent insider buying or selling?

The Form 3 primarily records Sun Shuli’s existing holdings and derivative awards rather than new market trades. Transaction details are categorized as holdings with unknown transaction codes, and the summarized net buy-sell direction is neutral with no explicit purchases or sales reported.