Full Truck Alliance (NYSE: YMM) president reports large option and ADS holdings

Rhea-AI Filing Summary

Full Truck Alliance Co. Ltd. director and president Guo Langbo filed an initial statement of holdings. He reports a stock option covering 14,000,000 Class A ordinary shares at an exercise price of $0.0000 per share, expiring on January 1, 2036. The option vests 50% on January 1, 2027 and 50% on January 1, 2029, conditioned on continued service. He also reports indirect holdings of American Depositary Shares through an employee incentive plan structure and a brokerage account maintained for the plan.

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^*

Guo Langbo

(Last) (First) (Middle)

WANBO SCIENCE AND TECHNOLOGY PARK,

20 FENGXIN ROAD

(Street)

NANJING 210012

(City) (State) (Zip)

UNITED STATES

(Country)

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

3. Issuer Name and Ticker or Trading Symbol
Full Truck Alliance Co. Ltd. [ YMM ]

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)
	President

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)
American Depositary Shares(1)	1,408,660	I	See Footnote(2)
American Depositary Shares(1)	211,771	I	See Footnote(3)

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
Stock Option (Right to Buy)	(4)	01/01/2036	Class A ordinary shares	14,000,000	$0	D

Explanation of Responses:

1. Each American Depositary Share ("ADS") represents 20 Class A ordinary shares, with a par value of $0.00001 per share, of the Issuer.

2. Represent shares directly held by Master Quality Group Limited, which the Reporting Person has dispositive power over. Master Quality Group Limited is the nominee of an employee incentive plan trust of the Issuer.

3. Represent shares held in a brokerage account maintained by the Issuer for its employee incentive plan.

4. This option vests and becomes exercisable as follows: 50% on January 1, 2027 and the remaining 50% on January 1, 2029, subject to the Reporting Person's continued service with the Issuer.

Remarks:

Exhibit 24 - Power of Attorney

	/s/Lin Jiang, attorney-in-fact for Langbo Guo	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 insider holdings does Guo Langbo report in his Form 3 for YMM?

Guo Langbo reports a stock option over 14,000,000 Class A ordinary shares with an exercise price of $0.0000 per share, plus indirect holdings of American Depositary Shares held through an employee incentive plan structure and a related brokerage account.

How does the stock option for YMM granted to Guo Langbo vest?

The option vests in two equal tranches: 50% on January 1, 2027 and the remaining 50% on January 1, 2029. Vesting is explicitly subject to Guo Langbo’s continued service with Full Truck Alliance Co. Ltd.

When does Guo Langbo’s reported YMM stock option expire?

The reported stock option held by Guo Langbo expires on January 1, 2036. This long-dated expiration gives him an extended period, after vesting, during which he may choose to exercise the option subject to the plan’s terms.

What indirect YMM American Depositary Share holdings does the Form 3 describe?

The filing describes ADS holdings indirectly through Master Quality Group Limited, the nominee of an employee incentive plan trust over which he has dispositive power, and additional ADS held in a brokerage account maintained by the issuer for its employee incentive plan.

What does one YMM American Depositary Share represent for Guo Langbo’s holdings?

Each American Depositary Share represents 20 Class A ordinary shares of Full Truck Alliance Co. Ltd., with a par value of $0.00001 per share. This ratio applies to all ADS positions reported in the Form 3 footnotes.