Yuanbao grants CEO options, 600K RSUs

Yuanbao Inc. CEO Fang Rui received significant option and RSU grants, with part of a prior RSU award vesting and ADSs withheld for tax obligations.

Rhea-AI Filing Summary

Yuanbao Inc. (YB) reported that Chief Executive Officer and director Fang Rui received new equity awards and had prior awards vest on September 16, 2026. Fang Rui was granted 480,000 options to buy Class A ordinary shares at $2.00 per share and 600,000 restricted share units (RSUs), both held directly. On the same date, 180,000 RSUs vested and were settled into 30,000 American Depositary Shares (ADSs), with 14,850 ADSs withheld to cover tax obligations based on a closing ADS price of $12.44. No Rule 10b5-1 trading plan is reported.

Insider Trade Summary

210,000 shares exercised/converted

Exercise 5 txns

Insider Fang Rui

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Options (Right to Buy) F1	480,000	$0.00	$0.00
Grant/Award	Restricted Share Units F2	600,000	$0.00	$0.00
Exercise	Restricted Share Units F2, F3	180,000	$0.00	$0.00
Exercise	American Depositary Shares F3	30,000	$0.00	$0.00
Tax Withholding	American Depositary Shares F3, F4	14,850	$12.44	$185K

Holdings After Transaction: Options (Right to Buy) — 480,000 contracts (Direct); Restricted Share Units — 1,020,000 contracts (Direct); American Depositary Shares — 115,150 contracts (Direct)

Footnotes (4)

1. F1. The options are expected to vest in four equal installments of 25% of the total grant on each of September 16, 2027, September 16, 2028, September 16, 2029 and September 16, 2030. Each Option entitles the holder to purchase one share of the Issuer's Class A ordinary share upon exercising.
2. F2. These restricted share units (the "RSUs") are expected to vest in eight installments of 30%, 15%, 15%, 10%, 10%, 10%, 5% and 5% of the total grant on each of September 16, 2026 (the "Vesting"), December 16, 2026, March 16, 2027, June 16, 2027, September 16, 2027, December 16, 2027, March 16, 2028 and June 16, 2028, respectively. Each RSU represents a contingent right to receive one share of the Issuer's Class A ordinary share upon vesting. The restricted share units do not have expiration dates.
3. F3. Represents American Depositary Share ("ADS") acquired upon the Vesting. 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.
4. F4. Represents ADSs withheld to satisfy applicable tax withholding obligations in connection with the Vesting. The number of ADSs reported as withheld is estimated based on the closing price of the Company's ADSs of US$12.44 on September 16, 2026, and will be revised by amendment, if necessary, to reflect the actual number of ADSs withheld.

Key Figures

Stock options granted: 480,000 options Option exercise price: $2.00 per share RSUs granted: 600,000 RSUs +5 more

8 metrics

Stock options granted 480,000 options Grant to Fang Rui on September 16, 2026 to buy Class A ordinary shares

Option exercise price $2.00 per share Exercise price for 480,000 options granted September 16, 2026

RSUs granted 600,000 RSUs Grant to Fang Rui on September 16, 2026, each RSU for one Class A ordinary share

RSUs vested 180,000 RSUs RSUs converted into ADSs on September 16, 2026

ADSs acquired upon vesting 30,000 ADSs ADSs received when 180,000 RSUs vested; each ADS equals six Class A ordinary shares

ADSs withheld for taxes 14,850 ADSs Withheld to satisfy tax withholding obligations, based on $12.44 closing price on September 16, 2026

ADS reference price $12.44 per ADS Closing price used to estimate ADSs withheld for tax obligations on September 16, 2026

Option expiration date September 16, 2036 Expiration for 480,000 options granted to Fang Rui

Key Terms

Restricted Share Units, American Depositary Shares, vesting, tax withholding obligations, +1 more

5 terms

Restricted Share Units financial

"These restricted share units (the "RSUs") are expected to vest in eight installments"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

American Depositary Shares financial

"Represents American Depositary Share ("ADS") acquired upon the Vesting."

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

vesting financial

"The options are expected to vest in four equal installments of 25%"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

tax withholding obligations financial

"Represents ADSs withheld to satisfy applicable tax withholding obligations"

contingent right financial

"Each RSU represents a contingent right to receive one share"

FAQ

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

What equity awards did Yuanbao Inc. (YB) grant to CEO Fang Rui on September 16, 2026?

Yuanbao Inc. granted Fang Rui 480,000 options to buy Class A ordinary shares at $2.00 per share and 600,000 RSUs, each RSU representing a contingent right to one Class A ordinary share upon vesting.

How do the new Yuanbao Inc. (YB) stock options granted to Fang Rui vest?

The 480,000 options are expected to vest in four equal installments of 25% each on September 16, 2027, September 16, 2028, September 16, 2029 and September 16, 2030.

What is the vesting schedule for the 600,000 RSUs granted by Yuanbao Inc. (YB) to Fang Rui?

The 600,000 RSUs are expected to vest in eight installments of 30%, 15%, 15%, 10%, 10%, 10%, 5% and 5% between September 16, 2026 and June 16, 2028, on the specific dates listed in the filing.

What RSUs and ADSs vested for Yuanbao Inc. (YB) CEO Fang Rui on September 16, 2026?

On September 16, 2026, 180,000 RSUs vested, converted into 30,000 ADSs. Each ADS represents six Class A ordinary shares, and the ADSs have no expiration date.

How many Yuanbao Inc. (YB) ADSs were withheld for taxes from Fang Rui’s vesting event?

Yuanbao Inc. reported that 14,850 ADSs were withheld to satisfy applicable tax withholding obligations, based on the ADS closing price of $12.44 on September 16, 2026. The number may be revised by amendment to match the actual ADSs withheld.

Were Yuanbao Inc. (YB) CEO Fang Rui’s transactions under a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 checkbox is not marked as affirming a plan, and no footnote states that these transactions were made pursuant to a Rule 10b5-1 trading plan.

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

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Available on EDGAR 09/18/2026 - 08:20 AM Accepted by SEC EDGAR 09/18/2026 - 08:19 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^*

Fang Rui

(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)

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

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)

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
Options (Right to Buy)	$2	09/16/2026		A		480,000		(1)	09/16/2036	Class A ordinary shares	480,000	$0	480,000	D
Restricted Share Units	(2)	09/16/2026		A		600,000		(2)	(2)	Class A ordinary shares	600,000	$0	1,200,000(2)	D
Restricted Share Units	(2)	09/16/2026		M			180,000	(2)	(2)	Class A ordinary shares	180,000	$0	1,020,000(2)(3)	D
American Depositary Shares	(3)	09/16/2026		M		30,000		(3)	(3)	Class A ordinary shares	180,000	$0	130,000	D
American Depositary Shares	(3)	09/16/2026		F			14,850(4)	(3)	(3)	Class A ordinary shares	89,100	$12.44(4)	115,150	D

Explanation of Responses:

1. The options are expected to vest in four equal installments of 25% of the total grant on each of September 16, 2027, September 16, 2028, September 16, 2029 and September 16, 2030. Each Option entitles the holder to purchase one share of the Issuer's Class A ordinary share upon exercising.

2. These restricted share units (the "RSUs") are expected to vest in eight installments of 30%, 15%, 15%, 10%, 10%, 10%, 5% and 5% of the total grant on each of September 16, 2026 (the "Vesting"), December 16, 2026, March 16, 2027, June 16, 2027, September 16, 2027, December 16, 2027, March 16, 2028 and June 16, 2028, respectively. Each RSU represents a contingent right to receive one share of the Issuer's Class A ordinary share upon vesting. The restricted share units do not have expiration dates.

3. Represents American Depositary Share ("ADS") acquired upon the Vesting. 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.

4. Represents ADSs withheld to satisfy applicable tax withholding obligations in connection with the Vesting. The number of ADSs reported as withheld is estimated based on the closing price of the Company's ADSs of US$12.44 on September 16, 2026, and will be revised by amendment, if necessary, to reflect the actual number of ADSs withheld.

	/s/ Fang Rui	09/18/2026
	** 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 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)