Zhongchao Inc. (ZCMD) CEO Yang details Class A and B stakes

Rhea-AI Filing Summary

Zhongchao Inc. director and CEO Weiguang Yang filed an initial ownership report showing his equity stake in the company. He directly holds 68,750 Class A Ordinary Shares and 556,250 Class B Ordinary Shares. He also has indirect ownership of 68,722 Class B Ordinary Shares through More Healthy Holdings Limited, over which he holds voting and investment power. Each Class B share is convertible into one Class A share and carries 1,000 votes, while each Class A share carries 1 vote.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Yang Weiguang

Role Chief Executive Officer

Type	Security	Shares	Price	Value
holding	Class A Ordinary Shares	--	--	--
holding	Class B Ordinary Shares	--	--	--
holding	Class B Ordinary Shares	--	--	--

Holdings After Transaction: Class A Ordinary Shares — 68,750 shares (Direct); Class B Ordinary Shares — 68,722 shares (Indirect, By More Healthy Holdings Limited); Class B Ordinary Shares — 556,250 shares (Direct)

Footnotes (2)

1. F1. Class B Ordinary Shares are convertible into Class A Ordinary Shares at holders' option at any time on a one for one basis. Class A Ordinary Shares are not convertible into Class B Ordinary Shares under any circumstance. Each Class A Ordinary Share entitles to 1 vote and each Class B Ordinary Share entitles to 1,000 votes.
2. F2. More Healthy Holdings Limited is a company limited by shares incorporated under the laws of British Virgin Islands ("More Healthy"). The address of its business office is Craigmuir Chambers, Road Town, Tortola, VG 1110, British Virgin Islands. The person having voting, dispositive or investment powers over More Healthy Holdings Limited is Mr. Weiguang Yang.

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Accepted by SEC EDGAR 03/18/2026 - 08:51 AM Learn about SEC filing dates

FAQ

What does Zhongchao Inc. (ZCMD) Form 3 filed by Yang Weiguang show?

The Form 3 shows CEO and director Weiguang Yang’s existing ownership in Zhongchao Inc., including direct and indirect holdings of Class A and Class B Ordinary Shares, establishing his insider position at the company.

How many Class A Ordinary Shares of ZCMD does Yang Weiguang hold?

Yang directly holds 68,750 Class A Ordinary Shares of Zhongchao Inc. These shares each carry one vote and are not convertible into Class B shares under any circumstance, defining his direct economic and voting stake in this share class.

What Class B Ordinary Share stake in ZCMD does Yang Weiguang report?

Yang reports 556,250 Class B Ordinary Shares held directly and 68,722 Class B shares held indirectly through More Healthy Holdings Limited. Each Class B share is convertible into one Class A share and carries 1,000 votes, giving significant voting influence.

How does More Healthy Holdings Limited relate to ZCMD’s CEO holdings?

More Healthy Holdings Limited holds 68,722 Class B Ordinary Shares of Zhongchao Inc. The person with voting, dispositive and investment powers over More Healthy Holdings Limited is Mr. Weiguang Yang, so these shares are reported as his indirect ownership.

What is the voting difference between ZCMD Class A and Class B shares?

Each Class A Ordinary Share of Zhongchao Inc. carries one vote, while each Class B Ordinary Share carries 1,000 votes. Class B shares are convertible into Class A on a one-for-one basis, but Class A shares cannot be converted into Class B.

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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Yang Weiguang

(Last) (First) (Middle)

CO ZHONGCHAO INC. RM 2504 OOCL PLZ

841 YAN'AN MID RD JING'AN DIST

(Street)

SHANGHAI 200040

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Zhongchao Inc. [ ZCMD ]

3a. Foreign Trading Symbol

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

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

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

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(1)	68,750	D
Class B Ordinary Shares(1)	68,722	I	By More Healthy Holdings Limited(2)
Class B Ordinary Shares(1)	556,250	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

Explanation of Responses:

1. Class B Ordinary Shares are convertible into Class A Ordinary Shares at holders' option at any time on a one for one basis. Class A Ordinary Shares are not convertible into Class B Ordinary Shares under any circumstance. Each Class A Ordinary Share entitles to 1 vote and each Class B Ordinary Share entitles to 1,000 votes.

2. More Healthy Holdings Limited is a company limited by shares incorporated under the laws of British Virgin Islands ("More Healthy"). The address of its business office is Craigmuir Chambers, Road Town, Tortola, VG 1110, British Virgin Islands. The person having voting, dispositive or investment powers over More Healthy Holdings Limited is Mr. Weiguang Yang.

	/s/ Weiguang Yang	03/18/2026
	** 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.
* Form 3: SEC 1473 (03-26)