[Form 3] Yimutian Inc. Initial Statement of Beneficial Ownership

Yimutian Inc. senior vice president and director Liu Min filed an initial ownership report showing existing equity interests in the company.

Rhea-AI Filing Summary

Yimutian Inc. senior vice president and director Liu Min filed an initial ownership report showing existing equity interests in the company. The filing lists several fully vested options to acquire Class A ordinary shares at an exercise price of 0.0100 per share, all expiring on 2035-12-04, with individual grants covering 8,259,149, 3,222,828, 10,512,876, 2,628,219 and 3,171,797 underlying shares. It also records indirect ownership of 74,986,698 Class B ordinary shares held through YMT Tech Holdings Limited.

Insider Trade Summary

6 transactions reported

Mixed 6 txns

Insider Liu Min (LM)

Role Senior Vice President

Type	Security	Shares	Price	Value
holding	Options (right to buy)	--	--	--
holding	Options (right to buy)	--	--	--
holding	Options (right to buy)	--	--	--
holding	Options (right to buy)	--	--	--
holding	Options (right to buy)	--	--	--
holding	Class B ordinary shares	--	--	--

Holdings After Transaction: Options (right to buy) — 27,794,869 contracts (Direct); Class B ordinary shares — 74,986,698 shares (Indirect, By YMT Tech Holdings Limited)

Footnotes (5)

1. F1. These options were granted to the reporting person on December 6, 2016 and have fully vested.
2. F2. These options were granted to the reporting person on September 30, 2017 and have fully vested.
3. F3. These options were granted to the reporting person on October 31, 2017 and have fully vested.
4. F4. These options were granted to the reporting person on January 10, 2018 and have fully vested.
5. F5. These options were granted to the reporting person on March 1, 2018 and have fully vested.

Key Figures

Option exercise price: 0.0100 per share Option grant 1 underlying shares: 8,259,149 shares Option grant 2 underlying shares: 3,222,828 shares +5 more

8 metrics

Option exercise price 0.0100 per share Exercise price for options on Class A ordinary shares

Option grant 1 underlying shares 8,259,149 shares Underlying Class A ordinary shares for one option position

Option grant 2 underlying shares 3,222,828 shares Underlying Class A ordinary shares for another option position

Largest option grant underlying shares 10,512,876 shares Underlying Class A ordinary shares for the largest single option grant

Additional option grant underlying shares 2,628,219 shares Underlying Class A ordinary shares for a further option position

Additional option grant underlying shares 3,171,797 shares Underlying Class A ordinary shares for another option position

Indirect Class B shares 74,986,698 shares Class B ordinary shares held indirectly via YMT Tech Holdings Limited

Option expiration date 2035-12-04 Expiration date for all listed options on Class A ordinary shares

Key Terms

Options (right to buy), Class A ordinary shares, Class B ordinary shares, indirect ownership, +1 more

5 terms

Options (right to buy) financial

"security_title: "Options (right to buy)" with Class A ordinary shares as underlying"

Class A ordinary shares financial

"underlying_security_title: "Class A ordinary shares" linked to multiple option grants"

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.

Class B ordinary shares financial

"security_title: "Class B ordinary shares" held indirectly through YMT Tech Holdings Limited"

Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.

indirect ownership financial

"direct_or_indirect: "I" and nature_of_ownership: "By YMT Tech Holdings Limited""

fully vested financial

"footnotes state that options granted between 2016 and 2018 "have fully vested""

FAQ

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

What does Yimutian Inc. (YMT) executive Liu Min report in this Form 3?

Liu Min reports existing ownership of several fully vested stock options on Class A ordinary shares and a large indirect holding of Class B shares. This Form 3 establishes her baseline equity position as a director and senior vice president of Yimutian Inc.

How many Class B ordinary shares of Yimutian (YMT) are reported as indirectly owned?

The filing shows indirect ownership of 74,986,698 Class B ordinary shares, held through YMT Tech Holdings Limited. This indicates a substantial indirect equity interest associated with Liu Min, separate from her directly held stock options on Class A ordinary shares.

What are the key terms of Liu Min’s Yimutian (YMT) stock options?

The options are described as rights to buy Class A ordinary shares at an exercise price of 0.0100 per share. Multiple grants are fully vested and share a common expiration date of December 4, 2035, providing long-dated equity exposure for the executive.

Are Liu Min’s Yimutian (YMT) options fully vested according to the Form 3?

Yes. Footnotes state that the options granted on various dates from December 2016 through March 2018 have fully vested. This means Liu Min has already earned the right to exercise these options, subject to their exercise price and expiration terms.

Does this Yimutian (YMT) Form 3 show any recent insider buying or selling?

No transactions of buying or selling are indicated in the data provided. The entries are categorized as holdings, with transaction codes and directions unknown, so the filing functions as a snapshot of Liu Min’s existing ownership, not a record of recent trades.

What role does YMT Tech Holdings Limited play in Yimutian (YMT) share ownership?

YMT Tech Holdings Limited is identified as the indirect owner of 74,986,698 Class B ordinary shares. Liu Min’s Form 3 attributes this large Class B stake to that entity, reflecting indirect ownership rather than shares held directly in her own name.

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

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Accepted by SEC EDGAR 03/31/2026 - 03:08 PM Learn about SEC filing dates

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^*

Liu Min (LM)

(Last) (First) (Middle)

66 XIXIAOKOU ROAD

(Street)

BEIJING 100192

(City) (State) (Zip)

CHINA

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/31/2026

3. Issuer Name and Ticker or Trading Symbol
Yimutian Inc. [ YMT ]

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)
	Senior Vice 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)
Class B ordinary shares	74,986,698	I	By YMT Tech Holdings Limited

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
Options (right to buy)	(1)	12/04/2035	Class A ordinary shares	8,259,149(1)	$0.01	D
Options (right to buy)	(2)	12/04/2035	Class A ordinary shares	3,222,828(2)	$0.01	D
Options (right to buy)	(3)	12/04/2035	Class A ordinary shares	10,512,876(3)	$0.01	D
Options (right to buy)	(4)	12/04/2035	Class A ordinary shares	2,628,219(4)	$0.01	D
Options (right to buy)	(5)	12/04/2035	Class A ordinary shares	3,171,797(5)	$0.01	D

Explanation of Responses:

1. These options were granted to the reporting person on December 6, 2016 and have fully vested.

2. These options were granted to the reporting person on September 30, 2017 and have fully vested.

3. These options were granted to the reporting person on October 31, 2017 and have fully vested.

4. These options were granted to the reporting person on January 10, 2018 and have fully vested.

5. These options were granted to the reporting person on March 1, 2018 and have fully vested.

	/s/ Min Liu	03/31/2026
	** 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)