Equity grant gives ex-director 12,500 Zhibao Technology (ZBAO) shares

Rhea-AI Filing Summary

Zhibao Technology Inc. reported that former independent director Jeffery Rong Cai acquired 12,500 Class A ordinary shares on June 30, 2026. The shares were issued at a price of $0.00 per share as part of an equity-based award.

The board had approved an aggregate grant of 20,000 Class A ordinary shares to Mr. Cai on February 16, 2026 under the Company’s 2026 Equity Incentive Plan and a Restricted Stock Unit Award Agreement. Mr. Cai 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 Cai Jeffery Rong

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

Shares acquired: 12,500 Class A ordinary shares Award size: 20,000 Class A ordinary shares Par value: $0.0001 per share +2 more

5 metrics

Shares acquired 12,500 Class A ordinary shares Issued on June 30, 2026 under RSU vesting

Award size 20,000 Class A ordinary shares Aggregate grant approved on February 16, 2026

Par value $0.0001 per share Par value of Class A ordinary shares

Transaction price $0.00 per share Price per share reported for June 30, 2026 issuance

Resignation effective date July 1, 2026 Cai resigned as independent director effective this date

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

"the Restricted Stock Unit Award Agreement by and between the Company and Mr. Cai (the "RSU Agreement")"

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. Cai 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 did Cai Jeffery Rong receive in this ZBAO Form 4 filing?

Cai Jeffery Rong received 12,500 Class A ordinary shares of Zhibao Technology Inc. The shares were issued on June 30, 2026 as part of an equity-based award approved under the company’s 2026 Equity Incentive Plan and an RSU Award Agreement.

How many Zhibao Technology (ZBAO) shares were granted in total to Cai?

The board approved an aggregate grant of 20,000 Class A ordinary shares to Cai. Of this total award, 12,500 shares were issued on June 30, 2026 according to the vesting schedule in the Restricted Stock Unit Award Agreement between the company and Cai.

Did Cai pay for the Zhibao Technology (ZBAO) shares he acquired?

Cai did not pay cash for these shares; the transaction price per share was reported as $0.00. The 12,500 Class A ordinary shares were issued as an equity-based award under the 2026 Equity Incentive Plan rather than through an open-market purchase.

What equity plan governed Cai’s Zhibao Technology share award?

The award was granted under Zhibao Technology Inc.’s 2026 Equity Incentive Plan. It was structured through a Restricted Stock Unit Award Agreement between the company and Cai, which set the vesting schedule that led to the issuance of 12,500 Class A ordinary shares on June 30, 2026.

Is Cai still a director of Zhibao Technology Inc. after this transaction?

Cai is no longer a director of Zhibao Technology Inc. He resigned as the company’s independent director effective July 1, 2026. Following this resignation, he is no longer subject to Section 16 reporting requirements for insiders of the company.

How many Zhibao Technology shares does Cai hold after this Form 4 transaction?

After the June 30, 2026 issuance, Cai held 12,500 Class A ordinary shares directly. This figure matches the number of shares issued under the vesting schedule and is reported as his total shares following the transaction in the Form 4 data.

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^*

Cai Jeffery Rong

(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 Jeffrey Rong Cai, 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. Cai (the "RSU Agreement"). On June 30, 2026, the Company issued 12,500 Ordinary Shares to Mr. Cai pursuant to the vesting schedule provided in the RSU Agreement. Mr. Cai resigned as the Company's independent director, effective July 1, 2026, and therefore is no longer subject to Section 16 reporting.

	/s/ Jeffrey Rong Cai	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)