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Yuanbao Inc. (YB) CEO Fang Rui discloses option and share stakes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

Yuanbao Inc. director and CEO Fang Rui filed an initial Form 3 showing his current equity holdings in the company. The filing lists multiple option awards over Class A ordinary shares with exercise prices from $0.0600 to $0.4000 per share and expirations through 2035, plus 600,000 restricted share units over Class A shares. It also reports indirect ownership of 21,802,125 Class A ordinary shares through Global Running Lion Limited, for which he exercises voting power as proxy and attorney-in-fact, and 82,132,500 Class B ordinary shares held by For Ring Limited, which is wholly owned by an entity controlled by him and a family trust. The entry reflects holdings only and does not show any reported purchases or sales.

Positive

  • None.

Negative

  • None.
Insider Fang Rui
Role Chief Executive Officer
Type Security Shares Price Value
holding Option (Right to Buy) -- -- --
holding Option (Right to Buy) -- -- --
holding Option (Right to Buy) -- -- --
holding Option (Right to Buy) -- -- --
holding Option (Right to Buy) -- -- --
holding Option (Right to Buy) -- -- --
holding Option (Right to Buy) -- -- --
holding Option (Right to Buy) -- -- --
holding Option (Right to Buy) -- -- --
holding Restricted Share Units -- -- --
holding Class A ordinary shares -- -- --
holding Class B ordinary shares -- -- --
Holdings After Transaction: Option (Right to Buy) — 1,400,000 shares (Direct); Restricted Share Units — 600,000 shares (Direct); Class A ordinary shares — 21,802,125 shares (Indirect, By Global Running Lion Limited); Class B ordinary shares — 82,132,500 shares (Indirect, By For Ring Limited)
Footnotes (1)
  1. The Reporting Person exercises the voting power of shares owned by Global Running Lion Limited as the proxy and attorney-in-fact. For Ring Limited is wholly owned by an entity wholly controlled by the Reporting Person and a family trust of the Reporting Person. 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. The options have become fully vested and exercisable on January 1, 2025. Each Option entitles the holder to purchase one share of the Issuer's Class A ordinary share upon exercising. 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. The options have become fully vested and exercisable on March 1, 2026. Each Option entitles the holder to purchase one share of the Issuer's Class A ordinary share upon exercising. The options vest in four installments of 15%, 25%, 30% and 30% of the total grant on each of September 1, 2023, September 1, 2024, September 1, 2025 and September 1, 2026, respectively. Each Option entitles the holder to purchase one share of the Issuer's Class A ordinary share upon exercising. The options vest in four installments of 15%, 25%, 30% and 30% of the total grant on each of April 1, 2024, April 1, 2025, April 1, 2026 and April 1, 2027, respectively. Each Option entitles the holder to purchase one share of the Issuer's Class A ordinary share upon exercising. The options vest in four installments of 15%, 25%, 30% and 30% of the total grant on each of November 1, 2024, November 1, 2025, November 1, 2026 and November 1, 2027, respectively. Each Option entitles the holder to purchase one share of the Issuer's Class A ordinary share upon exercising. 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. 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. 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.
SEC Form 3
FORM 3UNITED 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
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hours per response:0.5
1. Name and Address of Reporting Person*
Fang Rui

(Last)(First)(Middle)
BUILDING 2, NO.8 BEICHEN WEST ROAD,
CHAOYANG DISTRICT

(Street)
BEIJING100101

(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)
XDirectorX10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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 shares21,802,125IBy Global Running Lion Limited(1)
Class B ordinary shares82,132,500IBy For Ring Limited(2)
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 ExercisableExpiration DateTitleAmount or Number of Shares
Option (Right to Buy) (3)08/01/2030Class A ordinary share1,400,000$0.06D
Option (Right to Buy) (4)01/01/2031Class A ordinary share875,000$0.1D
Option (Right to Buy) (5)08/01/2031Class A ordinary share858,000$0.15D
Option (Right to Buy) (6)03/01/2032Class A ordinary share484,500$0.2D
Option (Right to Buy) (7)09/01/2032Class A ordinary share400,000$0.25D
Option (Right to Buy) (8)04/01/2033Class A ordinary share400,000$0.28D
Option (Right to Buy) (9)01/10/2034Class A ordinary share600,000$0.3D
Option (Right to Buy) (10)11/15/2034Class A ordinary share958,000$0.35D
Option (Right to Buy) (11)04/01/2035Class A ordinary share600,000$0.4D
Restricted Share Units (12) (12)Class A ordinary share600,000(12)D
Explanation of Responses:
1. The Reporting Person exercises the voting power of shares owned by Global Running Lion Limited as the proxy and attorney-in-fact.
2. For Ring Limited is wholly owned by an entity wholly controlled by the Reporting Person and a family trust of the Reporting Person.
3. 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.
4. The options have become fully vested and exercisable on January 1, 2025. Each Option entitles the holder to purchase one share of the Issuer's Class A ordinary share upon exercising.
5. 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.
6. The options have become fully vested and exercisable on March 1, 2026. Each Option entitles the holder to purchase one share of the Issuer's Class A ordinary share upon exercising.
7. The options vest in four installments of 15%, 25%, 30% and 30% of the total grant on each of September 1, 2023, September 1, 2024, September 1, 2025 and September 1, 2026, respectively. Each Option entitles the holder to purchase one share of the Issuer's Class A ordinary share upon exercising.
8. The options vest in four installments of 15%, 25%, 30% and 30% of the total grant on each of April 1, 2024, April 1, 2025, April 1, 2026 and April 1, 2027, respectively. Each Option entitles the holder to purchase one share of the Issuer's Class A ordinary share upon exercising.
9. The options vest in four installments of 15%, 25%, 30% and 30% of the total grant on each of November 1, 2024, November 1, 2025, November 1, 2026 and November 1, 2027, respectively. Each Option entitles the holder to purchase one share of the Issuer's Class A ordinary share upon exercising.
10. 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.
11. 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.
12. 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/ Fang Rui03/18/2026
** Signature of Reporting PersonDate
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) CEO Fang Rui report on this Form 3?

Fang Rui reports his existing ownership in Yuanbao Inc., including several option grants, 600,000 restricted share units, and large indirect stakes in Class A and Class B ordinary shares held through Global Running Lion Limited and For Ring Limited.

How many Class A ordinary shares linked to options does Fang Rui hold at Yuanbao (YB)?

The Form 3 lists option awards over several tranches of Class A ordinary shares, including 1,400,000 underlying shares at an exercise price of $0.0600 and additional tranches at higher exercise prices up to $0.4000 per share, expiring between 2030 and 2035.

What restricted share units does Fang Rui disclose in Yuanbao Inc. (YB)?

He discloses 600,000 restricted share units, each representing a contingent right to receive one Class A ordinary share. These RSUs vest in four installments of 15%, 25%, 30% and 30% on specified dates from November 20, 2026 through November 20, 2029.

What indirect Class A share holdings are reported for Yuanbao (YB) CEO Fang Rui?

The filing shows 21,802,125 Class A ordinary shares held indirectly through Global Running Lion Limited. A footnote states that Fang Rui exercises the voting power of shares owned by Global Running Lion Limited as proxy and attorney-in-fact, indicating his voting authority over that block.

What indirect Class B ordinary share holdings does Fang Rui report at Yuanbao (YB)?

He reports 82,132,500 Class B ordinary shares held indirectly through For Ring Limited. A footnote explains For Ring Limited is wholly owned by an entity wholly controlled by Fang Rui and a family trust associated with him, linking these shares to his related interests.

Does this Yuanbao Inc. (YB) Form 3 show any insider buying or selling by Fang Rui?

The Form 3 records holdings only and does not show any purchases, sales, exercises, gifts, or other transactions. All entries are categorized as holdings, and the transaction summary shows zero buy, sell, acquire, dispose, or exercise transactions reported.