Zhibao Technology (ZBAO) awards 20,000 shares to former director Baez

Rhea-AI Filing Summary

Zhibao Technology Inc. reported that former independent director Armando Luis Baez acquired 20,000 Class A ordinary shares on a grant/award basis. The board approved an equity-based award of 20,000 shares under the 2026 Equity Incentive Plan on February 16, 2026, and the RSUs vested into 20,000 shares issued on June 30, 2026. Following this issuance, Baez directly holds 20,000 shares. 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 Baez Armando Luis

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class A ordinary shares	20,000	$0.00	--

Holdings After Transaction: Class A ordinary shares — 20,000 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 20,000 shares Transaction price per share: $0.0000 per share Total shares after transaction: 20,000 shares +4 more

7 metrics

Shares granted 20,000 shares Equity-based award to Armando Luis Baez under 2026 Equity Incentive Plan

Transaction price per share $0.0000 per share Reported price for the 20,000-share grant

Total shares after transaction 20,000 shares Direct holdings of Armando Luis Baez following the grant

Par value $0.0001 per share Par value of Class A ordinary shares described in footnote

Board grant approval date February 16, 2026 Date board approved the 20,000-share equity award

Share issuance date June 30, 2026 Date 20,000 Ordinary Shares were issued to Baez

Resignation effective date July 1, 2026 Date Baez ceased to be an independent director and Section 16 filer

Key Terms

2026 Equity Incentive Plan, Restricted Stock Unit Award Agreement, equity-based award, Ordinary Shares, +1 more

5 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

"the Restricted Stock Unit Award Agreement by and between the Company and Mr. Baez"

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

"to Armando Luis Baez, as an equity-based award under the Company's 2026 Equity Incentive Plan"

Ordinary Shares financial

"20,000 Class A ordinary shares, par value $0.0001 per share, of the Company ("Ordinary Shares")"

Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.

Section 16 reporting regulatory

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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 Armando Luis Baez?

Zhibao Technology Inc. reported an equity-based share grant to former independent director Armando Luis Baez. He received 20,000 Class A ordinary shares as an award under the company’s 2026 Equity Incentive Plan, following the vesting of restricted stock units on June 30, 2026.

How many Zhibao Technology Inc. (ZBAO) shares did Armando Luis Baez acquire?

Armando Luis Baez acquired 20,000 Class A ordinary shares of Zhibao Technology Inc. These shares were issued as an equity-based award, with a reported per-share transaction price of $0.0000, and represent his total direct holdings after the transaction.

What is the source of the 20,000-share award reported for Zhibao Technology Inc. (ZBAO)?

The 20,000-share award comes from Zhibao’s 2026 Equity Incentive Plan. The board approved an aggregate grant of 20,000 Class A ordinary shares to Armando Luis Baez, documented as an equity-based award under a Restricted Stock Unit Award Agreement with the company.

When did the granted Zhibao Technology Inc. (ZBAO) shares vest and get issued to Baez?

The 20,000-share award vested and was issued on June 30, 2026. This issuance followed a vesting schedule set in the Restricted Stock Unit Award Agreement between Zhibao Technology Inc. and Armando Luis Baez, converting the RSUs into Class A ordinary shares.

What happened to Armando Luis Baez’s role at Zhibao Technology Inc. (ZBAO) after this award?

Armando Luis Baez resigned as Zhibao’s independent director, effective July 1, 2026. After his resignation, he is no longer subject to Section 16 reporting requirements, although he continues to directly hold the 20,000 Class A ordinary shares received in the award.

What does the Form 4 indicate about the price for Baez’s Zhibao Technology Inc. (ZBAO) share award?

The Form 4 reports a transaction price of $0.0000 per share for the 20,000 Class A ordinary shares granted to Armando Luis Baez. This reflects that the shares were issued as an equity-based compensation award, rather than through a market purchase transaction.

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^*

Baez Armando Luis

(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		20,000(1)	A	$0	20,000	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 Armando Luis Baez, 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. Baez (the "RSU Agreement"). On June 30, 2026, the Company issued 20,000 Ordinary Shares to Mr. Baez pursuant to the vesting schedule provided in the RSU Agreement. Mr. Baez resigned as the Company's independent director, effective July 1, 2026, and therefore is no longer subject to Section 16 reporting.

	/s/ Armando Luis Baez	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)