Yuanbao VP Yue Ying sells 2,866 depositary shares

The report also records 815 ADSs withheld for tax liability at a weighted-average $12.31 per ADS.

This filing corrects an earlier one, and you can read the original Form 4 if you want to see what changed.

Rhea-AI Filing Summary

Yuanbao Inc. Vice President Yue Ying exercised options covering 42,000 Class A ordinary shares at $0.15 per share on September 24, 2026, receiving 7,000 ADSs; 18,000 option shares were reported following the exercise. Yue Ying then sold 2,866 ADSs at a weighted-average $12.11 per ADS under a sell-to-cover arrangement for the aggregate option exercise price and withholding tax liability. A September 16 entry reports 815 ADSs withheld for tax liability at a weighted-average $12.31 per ADS; the related footnote says the last such sales were completed September 23, 2026.

Insider Trade Summary

Net Seller: 2,866 shares

Net Sell 4 txns

Insider Yue Ying

Role Vice President

Sold 2,866 shs ($35K)

Type	Security	Shares	Price	Value
Exercise	Options (Right to Buy) F3	42,000	$0.00	$0.00
Exercise	American Depositary Shares F1, F4	7,000	--	--
Sale	American Depositary Shares F1, F5	2,866	$12.11	$35K
Tax Withholding	American Depositary Shares F1, F2	815	$12.31	$10K

Holdings After Transaction: Options (Right to Buy) — 18,000 contracts (Direct); American Depositary Shares — 7,819 contracts (Direct)

Footnotes (5)

1. F1. Represents American Depositary Share ("ADS"). Each ADS is convertible at any time, at the holder's election, into six (6) Class A Ordinary Shares, with a par value of US$0.0001 per share, of Yuanbao Inc. The ADSs have no expiration date.
2. F2. The number of shares previously reported as being withheld for the payment of taxes was estimated. This amendment updates the Form 4 with the actual number of shares withheld. The price reported in Column 8 is a weighted average price per ADS sold, with the last of such sales completed on September 23, 2026. The Reporting Person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the sales were effected.
3. F3. The option shares are fully vested and exercisable as of August 1, 2025.
4. F4. Represents ADSs acquired upon exercise of options.
5. F5. Represents ADSs sold pursuant to a sell-to-cover arrangement in payment of the aggregate option exercise price and withholding tax liability incurred upon the exercise of options. The price reported in Column 8 is a weighted average price per ADS sold.

Key Figures

Options exercised: 42,000 Class A ordinary shares ADSs acquired upon exercise: 7,000 ADSs Option exercise price: $0.15 per share +5 more

8 metrics

Options exercised 42,000 Class A ordinary shares September 24, 2026

ADSs acquired upon exercise 7,000 ADSs September 24, 2026

Option exercise price $0.15 per share Options covering Class A ordinary shares

Option shares following exercise 18,000 option shares Reported following the September 24, 2026 exercise

ADSs sold 2,866 ADSs Sell-to-cover arrangement; transaction row dated September 24, 2026

Weighted-average sale price $12.11 per ADS For the reported sell-to-cover sale

ADSs withheld for tax liability 815 ADSs Transaction row dated September 16, 2026

Weighted-average price $12.31 per ADS Footnote states the last related sales were completed September 23, 2026

Key Terms

sell-to-cover arrangement, American Depositary Share, weighted average price, fully vested and exercisable

4 terms

sell-to-cover arrangement financial

"sold pursuant to a sell-to-cover arrangement in payment of the aggregate option exercise price"

American Depositary Share financial

"Represents American Depositary Share ("ADS")"

An American Depositary Share (ADS) is a U.S.-listed certificate that represents a specified number of shares in a foreign company, held by a custodian bank; it works like a receipt that allows U.S. investors to buy and trade foreign equity on American exchanges without dealing with another country’s markets. Investors care because ADSs make foreign stocks easier to access, improve liquidity and settlement in dollars, and can affect dividend payments, voting rights and regulatory oversight compared with buying the underlying foreign shares directly.

weighted average price financial

"weighted average price per ADS sold"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

fully vested and exercisable financial

"The option shares are fully vested and exercisable"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many YB ADSs did Vice President Yue Ying sell, and at what price?

Yuanbao Inc. Vice President Yue Ying reported selling 2,866 ADSs at a weighted-average price of $12.11 per ADS. The sale was under a sell-to-cover arrangement for the aggregate option exercise price and withholding tax liability, and the transaction row is dated September 24, 2026.

How many YB options did Yue Ying exercise, and how many option shares remained?

Yue Ying exercised options covering 42,000 Class A ordinary shares at $0.15 per share on September 24, 2026 and acquired 7,000 ADSs. The report lists 18,000 option shares following the exercise. Each ADS is convertible, at the holder’s election, into six Class A ordinary shares.

Were Yue Ying’s YB transactions reported under a Rule 10b5-1 plan?

No Rule 10b5-1 plan is reported for these transactions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 09/25/2026 - 08:39 AM Accepted by SEC EDGAR 09/25/2026 - 08:38 AM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Yue Ying

(Last) (First) (Middle)

BUILDING 2, NO.8 BEICHEN WEST ROAD

CHAOYANG DISTRICT

(Street)

BEIJING 100101

(City) (State) (Zip)

CHINA

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/16/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)
09/18/2026

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
American Depositary Shares	(1)	09/16/2026		F			815(2)	(1)	(1)	Class A ordinary shares	4,890	$12.31(2)	3,685	D
Options (Right to Buy)	$0.15	09/24/2026		M			42,000	(3)	08/01/2031	Class A ordinary shares	42,000	$0	18,000	D
American Depositary Shares	(1)(4)	09/24/2026		M		7,000(4)		(1)	(1)	Class A ordinary shares	42,000	(4)	10,685	D
American Depositary Shares	(1)	09/24/2026		S			2,866(5)	(1)	(1)	Class A ordinary shares	17,196	$12.11(5)	7,819	D

Explanation of Responses:

1. Represents American Depositary Share ("ADS"). Each ADS is convertible at any time, at the holder's election, into six (6) Class A Ordinary Shares, with a par value of US$0.0001 per share, of Yuanbao Inc. The ADSs have no expiration date.

2. The number of shares previously reported as being withheld for the payment of taxes was estimated. This amendment updates the Form 4 with the actual number of shares withheld. The price reported in Column 8 is a weighted average price per ADS sold, with the last of such sales completed on September 23, 2026. The Reporting Person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the sales were effected.

3. The option shares are fully vested and exercisable as of August 1, 2025.

4. Represents ADSs acquired upon exercise of options.

5. Represents ADSs sold pursuant to a sell-to-cover arrangement in payment of the aggregate option exercise price and withholding tax liability incurred upon the exercise of options. The price reported in Column 8 is a weighted average price per ADS sold.

	/s/ Yue Ying	09/25/2026
	** 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 4 (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 4: SEC 1474 (03-26)