Morgan Stanley (ZEPP) reports 11.9M Zepp Health shares under shared control

Rhea-AI Filing Summary

Morgan Stanley and its affiliate Morgan Stanley Capital Services LLC report beneficial ownership of 11,869,344 Class A ordinary shares / American Depositary Receipts of Zepp Health Corp, representing 8.8% of this class. Both entities report 0 shares with sole voting or dispositive power and 11,869,344 shares with shared voting and shared dispositive power. The filing is made on a joint basis by these Delaware-organized entities, with additional subsidiary details referenced in Exhibit 99.2 and a joint filing agreement in Exhibit 99.1.

Key Figures

Beneficial ownership stake: 8.8% Shares beneficially owned: 11,869,344 shares Shared voting power: 11,869,344 shares +3 more

6 metrics

Beneficial ownership stake 8.8% Percent of Zepp Health Corp Class A ordinary shares / ADRs reported by Morgan Stanley entities

Shares beneficially owned 11,869,344 shares Total Zepp Health Corp Class A ordinary shares / ADRs beneficially owned with shared power

Shared voting power 11,869,344 shares Shares over which Morgan Stanley entities have shared power to vote or direct the vote

Shared dispositive power 11,869,344 shares Shares over which Morgan Stanley entities have shared power to dispose or direct disposition

Sole voting power 0 shares Shares over which the reporting persons have sole power to vote or direct the vote

Sole dispositive power 0 shares Shares over which the reporting persons have sole power to dispose or direct disposition

Key Terms

beneficially owned, shared voting power, shared dispositive power, parent holding company, +1 more

5 terms

beneficially owned financial

"this filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

shared voting power financial

"Shared Voting Power 11,869,344.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared dispositive power financial

"Shared Dispositive Power 11,869,344.00"

parent holding company financial

"Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company"

Joint Filing Agreement regulatory

"EXHIBIT NO. EXHIBITS 99.1 Joint Filing Agreement"

FAQ

What percentage of Zepp Health Corp (ZEPP) shares does Morgan Stanley report owning?

Morgan Stanley and Morgan Stanley Capital Services LLC report beneficial ownership of 8.8% of Zepp Health Corp’s Class A ordinary shares / ADRs, based on their aggregate position disclosed in this Schedule 13G/A amendment.

How many Zepp Health (ZEPP) shares does Morgan Stanley beneficially own?

The filing reports that Morgan Stanley entities beneficially own 11,869,344 Zepp Health Corp Class A ordinary shares / ADRs, all held with shared voting and shared dispositive power, and no sole voting or dispositive power.

Which Morgan Stanley entities filed the Schedule 13G/A for Zepp Health (ZEPP)?

The reporting persons are Morgan Stanley and Morgan Stanley Capital Services LLC, both organized in Delaware and sharing a principal business address at 1585 Broadway, New York, NY 10036.

What voting power over Zepp Health (ZEPP) shares does Morgan Stanley report?

The reporting entities disclose 0 shares with sole voting power and 11,869,344 shares with shared voting power, reflecting their joint ability to vote or direct the vote for those shares.

What dispositive power over Zepp Health (ZEPP) shares is indicated in this Schedule 13G/A?

They report 0 shares with sole dispositive power and 11,869,344 shares with shared dispositive power, meaning decisions to sell or otherwise dispose of these shares are shared among the reporting units.

Does the Morgan Stanley Zepp Health (ZEPP) filing cover all Morgan Stanley units?

No. It states that it reflects securities beneficially owned, or deemed owned, by certain Morgan Stanley operating units, while other units may be disaggregated under SEC Release No. 34-39538.

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

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Available on EDGAR 08/12/2026 - 05:33 PM Accepted by SEC EDGAR 08/12/2026 - 05:33 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Zepp Health Corp

(Name of Issuer)

Class A Ordinary Shares / American Depositary Receipts

(Title of Class of Securities)

98945L204

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 98945L204

1

Names of Reporting Persons

Morgan Stanley

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 11,869,344.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 11,869,344.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

11,869,344.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.8 %

12

Type of Reporting Person (See Instructions)

HC, CO

SCHEDULE 13G

CUSIP Number(s): 98945L204

1

Names of Reporting Persons

Morgan Stanley Capital Services LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 11,869,344.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 11,869,344.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

11,869,344.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.8 %

12

Type of Reporting Person (See Instructions)

BD, CO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Zepp Health Corp
(b)	Address of issuer's principal executive offices: BUILDING B2, ZHONG'AN CHUANGGU, TECHNOLOGY PARK NO.900 WANGJIANG WEST RD, HEFEI, F4, 230088
Item 2.
(a)	Name of person filing: 1: Morgan Stanley 2: Morgan Stanley Capital Services LLC
(b)	Address or principal business office or, if none, residence: 1: 1585 Broadway, New York, NY 10036 ;2: 1585 Broadway, New York, NY 10036
(c)	Citizenship: 1: Delaware 2: Delaware
(d)	Title of class of securities: Class A Ordinary Shares / American Depositary Receipts
(e)	CUSIP No.: 98945L204
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See the response(s) to Item 9 on the attached cover page(s).
(b)	Percent of class: 8.8 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See the response(s) to Item 5 on the attached cover page(s).
	(ii) Shared power to vote or to direct the vote: See the response(s) to Item 6 on the attached cover page(s).
	(iii) Sole power to dispose or to direct the disposition of: See the response(s) to Item 7 on the attached cover page(s).
	(iv) Shared power to dispose or to direct the disposition of: See the response(s) to Item 8 on the attached cover page(s).
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit 99.2
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. * In Accordance with the Securities and Exchange Commission Release No. 34-39538 (January 12, 1998) (the "Release"), this filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by certain operating units (collectively, the "MS Reporting Units") of Morgan Stanley and its subsidiaries and affiliates (collectively, "MS"). This filing does not reflect securities, if any, beneficially owned by any operating units of MS whose ownership of securities is disaggregated from that of the MS Reporting Units in accordance with the Release.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Morgan Stanley

Signature:	Claire Gordon
Name/Title:	Authorized Signatory, Morgan Stanley
Date:	08/12/2026

Morgan Stanley Capital Services LLC

Signature:	Claire Gordon
Name/Title:	Authorized Signatory, Morgan Stanley Capital Services LLC
Date:	08/12/2026

Exhibit Information

EXHIBIT NO. EXHIBITS ------------------ ------------------------------------ 99.1 Joint Filing Agreement 99.2 Item 7 Information * Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001).