Zhang Hui of Full Truck Alliance (YMM) reports major indirect share holdings

Rhea-AI Filing Summary

Full Truck Alliance Co. Ltd. director and Chief Executive Officer Zhang Hui filed an initial Form 3 disclosing indirect holdings in the company’s ordinary shares. The filing reports beneficial ownership of 2,100,682,281 Class B ordinary shares and 17 Class A ordinary shares held through affiliated entities.

The Class B shares are directly held by Full Load Logistics Information Co., Ltd., a British Virgin Islands company wholly owned by Zhang Hui. The Class A shares are directly held by Master Quality Group Limited, over which Zhang Hui has dispositive power as nominee for an employee incentive plan trust.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Zhang Hui

Role Chief Executive Officer

Type	Security	Shares	Price	Value
holding	Class B ordinary shares, $0.00001 par value per share	--	--	--
holding	Class A ordinary shares, $0.00001 par value per share	--	--	--

Holdings After Transaction: Class B ordinary shares, $0.00001 par value per share — 2,100,682,281 shares (Indirect, See Footnote); Class A ordinary shares, $0.00001 par value per share — 17 shares (Indirect, See Footnote)

Footnotes (2)

1. F1. Represent shares directly held by Full Load Logistics Information Co., Ltd, a limited liability company incorporated in the British Virgin Islands which is wholly owned by the Reporting Person.
2. F2. 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.

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Accepted by SEC EDGAR 03/18/2026 - 07:58 AM Learn about SEC filing dates

FAQ

What does Zhang Hui’s Form 3 filing for Full Truck Alliance (YMM) show?

The Form 3 shows Zhang Hui’s existing indirect holdings in Full Truck Alliance. It reports 2,100,682,281 Class B ordinary shares and 17 Class A ordinary shares held through affiliated entities, establishing his beneficial ownership position as a director and Chief Executive Officer.

How many Full Truck Alliance Class B shares does Zhang Hui indirectly hold?

Zhang Hui is reported to beneficially own 2,100,682,281 Class B ordinary shares of Full Truck Alliance. These shares are directly held by Full Load Logistics Information Co., Ltd., a British Virgin Islands company that is wholly owned by Zhang Hui, reflecting his indirect ownership.

How are Zhang Hui’s Class A shares in Full Truck Alliance (YMM) held?

The filing reports 17 Class A ordinary shares indirectly owned by Zhang Hui. These shares are directly held by Master Quality Group Limited, for which Zhang Hui has dispositive power, and the entity serves as nominee of an employee incentive plan trust of Full Truck Alliance.

What is the role of Full Load Logistics Information Co., Ltd. in Zhang Hui’s YMM holdings?

Full Load Logistics Information Co., Ltd. directly holds 2,100,682,281 Class B shares of Full Truck Alliance. It is a limited liability company incorporated in the British Virgin Islands and is wholly owned by Zhang Hui, making these shares part of his indirect beneficial ownership.

What is Master Quality Group Limited’s connection to Zhang Hui’s YMM ownership?

Master Quality Group Limited directly holds 17 Class A shares of Full Truck Alliance reported in Zhang Hui’s Form 3. Zhang Hui has dispositive power over this entity, which acts as nominee of an employee incentive plan trust established by the company.

Does Zhang Hui’s Form 3 indicate any recent buying or selling of YMM shares?

The Form 3 identifies Zhang Hui’s holdings rather than new trades. It reports indirect beneficial ownership of Class A and Class B ordinary shares through affiliated entities, without specifying recent purchase or sale transactions in the disclosed data.

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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Zhang Hui

(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)
	Chief Executive Officer

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)
Class B ordinary shares, $0.00001 par value per share	2,100,682,281	I	See Footnote(1)
Class A ordinary shares, $0.00001 par value per share	17	I	See Footnote(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 Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represent shares directly held by Full Load Logistics Information Co., Ltd, a limited liability company incorporated in the British Virgin Islands which is wholly owned by the Reporting Person.

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.

Remarks:

Exhibit 24 - Power of Attorney

	/s/Lin Jiang, attorney-in-fact for Peter Hui Zhang	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)