Yatsen (YSG) CFO details 82.7M shares and long-term restricted grant

Rhea-AI Filing Summary

Yatsen Holding Ltd director and CFO Yang Donghao reported his equity holdings in the company. He holds 82,678,620 Class A ordinary shares directly. He also has 5,602,532 restricted shares outstanding, which are tied to an earlier equity award.

The footnote explains this award was originally 78,435,192 restricted shares granted on August 17, 2020, equivalent to the same number of ordinary shares. It vests over seven years, with 16,807,540 shares vesting on January 1 of each year from 2022 through 2025, 5,602,500 vesting on January 1, 2026, and 5,602,532 vesting on January 1, 2027. As of this filing date, 5,602,532 restricted shares remain unvested.

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^*

Yang Donghao

(Last) (First) (Middle)

FLOOR 39, POLY DEVELOPMENT PLAZA

NO. 832 YUE JIANG ZHONG ROAD

(Street)

GUANGZHOU F4 510335

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/16/2026

3. Issuer Name and Ticker or Trading Symbol
Yatsen Holding Ltd [ YSG ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

5. If Amendment, Date of Original Filed (Month/Day/Year)

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 A ordinary shares	82,678,620	D

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
Restricted Shares	(1)	08/17/2030	Class A ordinary shares	5,602,532	$0.075	D

Explanation of Responses:

1. Represents 78,435,192 restricted shares granted on August 17, 2020, equivalent to 78,435,192 ordinary shares. This award vests over a 7-year period, with 16,807,540 shares vesting on January 1, 2022, 16,807,540 shares vesting on January 1, 2023, 16,807,540 shares vesting on January 1, 2024, 16,807,540 shares vesting on January 1, 2025, 5,602,500 shares vesting on January 1, 2026, and 5,602,532 shares vesting on January 1, 2027, subject to the terms and conditions of the underlying award agreement. As of the date hereof, 5,602,532 restricted shares remain unvested.

	/s/ Donghao Yang	03/16/2026
	** 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.

FAQ

What insider ownership did YSG CFO Yang Donghao report on this Form 3?

Yang Donghao reported direct ownership of 82,678,620 Class A ordinary shares plus 5,602,532 unvested restricted shares linked to a prior grant. These positions show his significant equity stake and alignment with Yatsen Holding Ltd’s long-term performance.

How many restricted shares were originally granted to YSG CFO Yang Donghao?

Yang Donghao was granted 78,435,192 restricted shares on August 17, 2020, equivalent to 78,435,192 ordinary shares. This award is scheduled to vest over seven years, creating a long-term incentive structure tied to continued service and company outcomes.

What is the vesting schedule for Yang Donghao’s restricted shares at Yatsen (YSG)?

The award vests 16,807,540 shares on January 1 of 2022, 2023, 2024, and 2025, then 5,602,500 shares on January 1, 2026, and 5,602,532 shares on January 1, 2027, under the award terms described.

How many YSG restricted shares remain unvested for CFO Yang Donghao?

As of this report, 5,602,532 restricted shares remain unvested from the original grant. These unvested shares are scheduled to vest on January 1, 2027, assuming the conditions in the underlying award agreement are satisfied.

What type of securities does YSG CFO Yang Donghao hold through his restricted share award?

The award consists of restricted shares equivalent to Class A ordinary shares. The filing notes 78,435,192 restricted shares were granted, equivalent to the same number of ordinary shares, aligning the award’s economic value with common equity.

Does the YSG filing indicate any recent insider buying or selling by CFO Yang Donghao?

The disclosure lists holdings and vesting details rather than new purchases or sales. It shows current ownership of ordinary shares and the remaining unvested restricted shares from the 2020 grant, without describing open-market trades in this report.