Zoomcar insider forfeits 500,000 unvested RSUs

Singh Shachi reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 07/15/2026 - 04:30 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Singh Shachi reported acquisition or exercise transactions in this Form 4 filing.

Zoomcar Holdings, Inc. reported that former Chief Legal Officer Shachi Singh received a grant of 500,476 restricted stock units under its 2023 Equity Incentive Plan. Of these, 476 RSUs vested on March 31, 2025.

After Singh’s resignation effective April 28, 2026, the remaining 500,000 unvested RSUs were voluntarily forfeited and canceled without consideration. Singh now directly holds 476 shares of Zoomcar common stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Singh Shachi

Role Former Chief Legal Officer

Type	Security	Shares	Price	Value
Other	Common Stock F2	500,000	$0.00	$0.00
Grant/Award	Common Stock F1	500,476	$0.00	$0.00

Holdings After Transaction: Common Stock — 476 shares (Direct)

Footnotes (2)

1. F1. Issued pursuant to the Restricted Stock Units ("RSUs") Award Agreement entered into between the issuer and the reporting person dated February 1, 2025, and August 4, 2025, as amended from time to time, pursuant to the Zoomcar Holdings, Inc. 2023 Equity Incentive Plan (as amended). Out of the total 500,476 RSUs granted, 476 vested on March 31, 2025.
2. F2. The balance RSUs were voluntarily forfeited and canceled without consideration and will not vest, as the reporting person has already resigned from their position, effective as of April 28th, 2026

Key Figures

RSUs granted: 500,476 units RSUs vested: 476 units RSUs forfeited: 500,000 units +3 more

6 metrics

RSUs granted 500,476 units Total restricted stock units awarded under 2023 Equity Incentive Plan

RSUs vested 476 units Restricted stock units that vested on March 31, 2025

RSUs forfeited 500,000 units Unvested RSUs voluntarily forfeited and canceled on April 28, 2026

Shares held after transaction 476 shares Zoomcar common shares held directly after April 28, 2026 event

RSU Award Agreement dates February 1, 2025 and August 4, 2025 Dates of RSU Award Agreements referenced in the footnotes

Resignation effective date April 28th, 2026 Date on which the reporting person’s resignation became effective

Key Terms

Restricted Stock Units, 2023 Equity Incentive Plan, forfeited and canceled

3 terms

Restricted Stock Units financial

"Issued pursuant to the Restricted Stock Units ("RSUs") Award Agreement"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

2023 Equity Incentive Plan financial

"pursuant to the Zoomcar Holdings, Inc. 2023 Equity Incentive Plan (as amended)"

forfeited and canceled financial

"The balance RSUs were voluntarily forfeited and canceled without consideration"

FAQ

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

What insider equity transactions did Zoomcar Holdings (ZCAR) report for Shachi Singh?

Zoomcar Holdings (ZCAR) reported that former Chief Legal Officer Shachi Singh was granted 500,476 RSUs, of which 476 vested. Upon resignation on April 28, 2026, the remaining 500,000 unvested RSUs were forfeited and canceled, leaving 476 common shares held directly.

How many RSUs were granted to Shachi Singh by Zoomcar Holdings (ZCAR)?

Shachi Singh received a grant of 500,476 restricted stock units from Zoomcar Holdings (ZCAR). These RSUs were awarded under the company’s 2023 Equity Incentive Plan pursuant to RSU Award Agreements dated February 1, 2025 and August 4, 2025, as referenced in the footnotes.

How many RSUs vested and how many were forfeited for Zoomcar (ZCAR) insider Shachi Singh?

Out of the 500,476 RSUs granted to Zoomcar (ZCAR) insider Shachi Singh, 476 vested on March 31, 2025. The remaining 500,000 unvested RSUs were voluntarily forfeited and canceled without consideration when Singh’s resignation became effective on April 28, 2026.

What are Shachi Singh’s remaining Zoomcar Holdings (ZCAR) shareholdings after the reported transactions?

Following the forfeiture of unvested RSUs, Shachi Singh directly holds 476 shares of Zoomcar Holdings (ZCAR) common stock. This figure comes from the post-transaction holdings reported for the April 28, 2026 event, showing the remaining equity position after cancellation of 500,000 RSUs.

Why were 500,000 RSUs forfeited in the Zoomcar Holdings (ZCAR) insider filing?

The footnotes state that the balance of 500,000 RSUs was voluntarily forfeited and canceled without consideration because Shachi Singh had resigned from the position of Chief Legal Officer, with the resignation effective as of April 28, 2026, so those RSUs will not vest.

Under which plan were the RSUs granted to Zoomcar (ZCAR) insider Shachi Singh?

The RSUs granted to former Zoomcar (ZCAR) Chief Legal Officer Shachi Singh were issued under the Zoomcar Holdings, Inc. 2023 Equity Incentive Plan, as amended. The RSU Award Agreements dated February 1, 2025 and August 4, 2025 are specifically referenced in the filing footnotes.

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

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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^*

Singh Shachi

(Last) (First) (Middle)

C/O ZOOMCAR HOLDINGS, INC.

ANJANEYA TECHNO PARK, NO.147, 1ST FLOOR

(Street)

KODIHALLI, BANGALORE 560008

(City) (State) (Zip)

INDIA

(Country)

2. Issuer Name and Ticker or Trading Symbol
Zoomcar Holdings, Inc. [ ZCAR ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/04/2025

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
Common Stock	08/04/2025		A		500,476(1)	A	$0.00	500,476	D
Common Stock	04/28/2026		J(2)		500,000	D	$0.00	476	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. Issued pursuant to the Restricted Stock Units ("RSUs") Award Agreement entered into between the issuer and the reporting person dated February 1, 2025, and August 4, 2025, as amended from time to time, pursuant to the Zoomcar Holdings, Inc. 2023 Equity Incentive Plan (as amended). Out of the total 500,476 RSUs granted, 476 vested on March 31, 2025.

2. The balance RSUs were voluntarily forfeited and canceled without consideration and will not vest, as the reporting person has already resigned from their position, effective as of April 28th, 2026

	/s/ Shachi Singh	07/15/2026
	** 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)