Yuanbao CEO exercises options for 50K ADS

Yuanbao Inc. Chief Executive Officer Fang Rui reported exercising stock options to acquire additional equity in the company.

Rhea-AI Filing Summary

Yuanbao Inc. Chief Executive Officer Fang Rui reported exercising stock options to acquire additional equity in the company. On May 26, 2026, Fang Rui exercised options to acquire 50,000 American Depositary Shares (ADS), each representing six Class A ordinary shares, resulting in 300,000 underlying Class A shares.

Following the transactions, Fang Rui directly holds 100,000 ADS and 800,000 options (right to buy Class A ordinary shares). The options exercised carry an exercise price of $0.06 per Class A ordinary share, and the ADSs acquired have no expiration date. No open-market sales were reported in this filing.

Insider Trade Summary

350,000 shares exercised/converted

Exercise 2 txns

Insider Fang Rui

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Exercise	Options (Right to Buy)	300,000	$0.00	$0.00
Exercise	American Depositary Shares	50,000	$0.00	$0.00

Holdings After Transaction: Options (Right to Buy) — 800,000 contracts (Direct); American Depositary Shares — 100,000 contracts (Direct)

Footnotes (3)

1. F1. The option shares are fully vested and exercisable as of August 1, 2024.
2. F2. Each American Depositary Share ("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.
3. F3. Represents ADSs acquired upon exercise of options.

Key Figures

ADS acquired: 50,000 ADS Underlying Class A shares: 300,000 shares Exercise price: $0.06 per Class A share +3 more

6 metrics

ADS acquired 50,000 ADS Exercised on May 26, 2026

Underlying Class A shares 300,000 shares Represented by 50,000 ADS acquired

Exercise price $0.06 per Class A share Options (Right to Buy) exercised

ADS held after transaction 100,000 ADS Direct holdings following transactions

Options held after transaction 800,000 options Direct derivative holdings following transactions

Options exercised 350,000 underlying shares Total exerciseShares across two derivative exercises

Key Terms

American Depositary Shares, Options (Right to Buy, exercise price, Class A ordinary shares, +1 more

5 terms

American Depositary Shares financial

"Each American Depositary Share ("ADS") is convertible at any time, at the holder's election, into six (6) Class A Ordinary Shares"

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.

Options (Right to Buy financial

"security_title": "Options (Right to Buy)"

exercise price financial

"conversion_or_exercise_price": "0.0600""

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

Class A ordinary shares financial

"underlying_security_title": "Class A ordinary shares""

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

ten percent owner financial

"is_ten_percent_owner": 1"

FAQ

What insider transaction did Yuanbao Inc. (YB) report for Fang Rui?

Yuanbao Inc. reported that CEO Fang Rui exercised stock options to acquire 50,000 American Depositary Shares, representing 300,000 Class A ordinary shares. This Form 4 shows an acquisition of shares rather than any open-market sales, increasing his direct equity exposure.

How many Yuanbao (YB) ADS did Fang Rui acquire and what do they represent?

Fang Rui acquired 50,000 American Depositary Shares. Each ADS is convertible into six Class A ordinary shares of Yuanbao Inc., so these ADS represent 300,000 underlying Class A shares, according to the disclosure that specifies the ADS-to-share conversion ratio.

What is Fang Rui’s Yuanbao (YB) position after the reported Form 4 transactions?

After the transactions, Fang Rui directly holds 100,000 American Depositary Shares and 800,000 options (rights to buy Class A ordinary shares). These figures reflect his post-transaction equity and derivative positions as reported in the Form 4 data.

What exercise price applies to the Yuanbao (YB) options exercised by Fang Rui?

The options exercised by Fang Rui have an exercise price of $0.06 per Class A ordinary share. The filing also notes that the option shares were fully vested and exercisable as of August 1, 2024, before this reported exercise.

Did the Yuanbao (YB) Form 4 show any open-market sales by Fang Rui?

The Form 4 does not report any open-market sales by Fang Rui. Both transactions are coded as option exercises (derivative exercises) that result in acquiring ADS and underlying Class A shares, with no sale transactions disclosed in this filing.

How are Yuanbao (YB) American Depositary Shares structured relative to Class A shares?

Each Yuanbao American Depositary Share is convertible at any time, at the holder’s election, into six Class A ordinary shares. The filing also states that the ADSs have no expiration date, providing ongoing convertibility for holders.

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Accepted by SEC EDGAR 05/28/2026 - 06:17 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)
05/26/2026

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)	$0.06	05/26/2026		M			300,000	(1)	08/01/2030	Class A ordinary shares	300,000	$0	800,000	D
American Depositary Shares	(2)(3)	05/26/2026		M		50,000(3)		(2)	(2)	Class A ordinary shares	300,000(2)	(3)	100,000	D

Explanation of Responses:

1. The option shares are fully vested and exercisable as of August 1, 2024.

2. Each American Depositary Share ("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.

3. Represents ADSs acquired upon exercise of options.

	/s/ Fang Rui	05/28/2026
	** 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)