Zhibao Technology (ZBAO) issues 12,500 vested shares to former director Bernardez

Rhea-AI Filing Summary

Bernardez Stephen reported acquisition or exercise transactions in this Form 4 filing.

Zhibao Technology Inc. reported that former independent director Stephen Bernardez received an equity award of Class A ordinary shares. On February 16, 2026, the board approved a grant of 20,000 Class A ordinary shares as an equity-based award under the 2026 Equity Incentive Plan and an RSU Agreement. On June 30, 2026, 12,500 of these shares were issued to Mr. Bernardez as they vested, giving him 12,500 shares directly owned after the transaction. He resigned as an independent director effective July 1, 2026, and is no longer subject to Section 16 reporting.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Bernardez Stephen

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class A ordinary shares	12,500	$0.00	--

Holdings After Transaction: Class A ordinary shares — 12,500 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Vested shares issued: 12,500 Class A ordinary shares Total grant size: 20,000 Class A ordinary shares Par value per share: $0.0001 per share +3 more

6 metrics

Vested shares issued 12,500 Class A ordinary shares Issued to Stephen Bernardez on June 30, 2026

Total grant size 20,000 Class A ordinary shares Equity-based award approved February 16, 2026

Par value per share $0.0001 per share Class A ordinary shares in equity award

Post-transaction holdings 12,500 Class A ordinary shares Direct ownership after June 30, 2026 transaction

Transaction code A (grant, award, or other acquisition) Form 4 non-derivative transaction classification

Resignation effective date July 1, 2026 Effective date of resignation as independent director

Key Terms

2026 Equity Incentive Plan, Restricted Stock Unit Award Agreement, equity-based award, Section 16 reporting

4 terms

2026 Equity Incentive Plan financial

"approved the grant of an aggregate of 20,000 Class A ordinary shares ... under the Company's 2026 Equity Incentive Plan"

Restricted Stock Unit Award Agreement financial

"under the Company's 2026 Equity Incentive Plan and the Restricted Stock Unit Award Agreement by and between the Company and Mr. Bernardez"

A restricted stock unit (RSU) award agreement is a formal promise from a company that an employee or contractor will receive company shares (or cash equal to their value) after meeting certain conditions, such as staying with the company for a set time or hitting performance targets. Investors care because RSUs can dilute existing shares when converted, reveal how management is paid and incentivized, and signal future share issuance that can affect earnings and stock value.

equity-based award financial

"approved the grant of an aggregate of 20,000 Class A ordinary shares ... as an equity-based award"

Section 16 reporting regulatory

"Mr. Bernardez resigned as the Company's independent director ... and therefore is no longer subject to Section 16 reporting"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/07/2026 - 04:31 PM Accepted by SEC EDGAR 07/07/2026 - 04:30 PM Learn about SEC filing dates

FAQ

What insider transaction did Zhibao Technology Inc. (ZBAO) report for Stephen Bernardez?

Zhibao Technology reported that Stephen Bernardez acquired 12,500 Class A ordinary shares. These shares were issued on June 30, 2026 as part of a previously approved equity-based award, reflecting the vesting of restricted stock units granted under the company’s 2026 Equity Incentive Plan.

How many Zhibao Technology (ZBAO) shares were granted and how many vested for Stephen Bernardez?

The board approved a grant of 20,000 Class A ordinary shares to Stephen Bernardez. Of this award, 12,500 shares vested and were issued on June 30, 2026 under the RSU Agreement, leaving the remaining portion subject to the original vesting terms not detailed here.

Was cash involved in Stephen Bernardez’s Zhibao Technology (ZBAO) Form 4 transaction?

No cash purchase was involved; the 12,500 Class A ordinary shares were issued at a stated price of $0.0000 per share. This reflects an equity compensation grant vesting, not an open-market buy or sell transaction, and is typical of restricted stock unit awards.

What is the relationship between the Zhibao Technology (ZBAO) equity award and its 2026 Equity Incentive Plan?

The 20,000-share award to Stephen Bernardez was granted under Zhibao Technology’s 2026 Equity Incentive Plan. The plan supports equity-based compensation, and the award was documented through a Restricted Stock Unit Award Agreement governing vesting and issuance of the Class A ordinary shares.

What is Stephen Bernardez’s status with Zhibao Technology (ZBAO) after this Form 4 filing?

Stephen Bernardez resigned as Zhibao Technology’s independent director effective July 1, 2026. Following this resignation and the June 30, 2026 issuance of 12,500 vested shares, he is no longer subject to Section 16 reporting requirements for insiders at the company.

How many Zhibao Technology (ZBAO) shares does Stephen Bernardez own after the reported transaction?

After the June 30, 2026 issuance, Stephen Bernardez directly owns 12,500 Class A ordinary shares. This figure comes from the post-transaction holding amount disclosed, which matches the number of vested and issued shares reported in the Form 4 filing.

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

X

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^*

Bernardez Stephen

(Last) (First) (Middle)

C/O ZHIBAO TECHNOLOGY INC.

BUILD 6,WUXING RD,LN 727 PUDONG NEW AREA

(Street)

SHANGHAI 201204

(City) (State) (Zip)

CHINA

(Country)

2. Issuer Name and Ticker or Trading Symbol
Zhibao Technology Inc. [ ZBAO ]

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

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Former independent director

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

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
Class A ordinary shares	06/30/2026		A		12,500(1)	A	$0	12,500	D

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

Explanation of Responses:

1. On February 16, 2026, the board of directors of Zhibao Technology Inc. (the "Company") approved the grant of an aggregate of 20,000 Class A ordinary shares, par value $0.0001 per share, of the Company ("Ordinary Shares") to Stephen Bernardez, as an equity-based award under the Company's 2026 Equity Incentive Plan and the Restricted Stock Unit Award Agreement by and between the Company and Mr. Bernardez (the "RSU Agreement"). On June 30, 2026, the Company issued 12,500 Ordinary Shares to Mr. Bernardez pursuant to the vesting schedule provided in the RSU Agreement. Mr. Bernardez resigned as the Company's independent director, effective July 1, 2026, and therefore is no longer subject to Section 16 reporting.

	/s/ Stephen Bernardez	07/07/2026
	** 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)