Zhihu (NYSE: ZH) CEO Zhou Yuan discloses large indirect shareholdings

Rhea-AI Filing Summary

Zhihu Inc. CEO Zhou Yuan has filed an initial ownership report showing substantial indirect holdings in the company. The filing lists 21,407,800 Class A Ordinary Shares and 15,446,778 Class B Ordinary Shares held indirectly through MO Holding Ltd. This Form 3 reflects existing ownership positions rather than new purchases or sales.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Zhou Yuan

Role CEO

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

Holdings After Transaction: Class A Ordinary Shares — 21,407,800 shares (Indirect, By MO Holding Ltd); Class B Ordinary Shares — 15,446,778 shares (Indirect, By MO Holding Ltd)

Footnotes (1)

Understanding Insider Trading Forms →

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^*

Zhou Yuan

(Last) (First) (Middle)

18, XUEQING ROAD, HAIDIAN DISTRICT

(Street)

BEIJING 100083

(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
Zhihu Inc. [ ZH ]

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		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO

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	21,407,800	I	By MO Holding Ltd
Class B Ordinary Shares	15,446,778	I	By MO Holding Ltd

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:

	/s/ Yuan Zhou	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)

FAQ

What does Zhihu (ZH) CEO Zhou Yuan report on this Form 3?

Zhou Yuan reports his existing indirect ownership in Zhihu. The filing lists large blocks of Class A and Class B Ordinary Shares held through MO Holding Ltd, establishing his baseline stake as a director and CEO.

How many Zhihu (ZH) Class A Ordinary Shares does Zhou Yuan indirectly hold?

The Form 3 shows indirect ownership of 21,407,800 Class A Ordinary Shares. These shares are reported as being held through MO Holding Ltd, an entity associated with Zhou Yuan rather than held directly in his own name.

How many Zhihu (ZH) Class B Ordinary Shares does Zhou Yuan indirectly hold?

The filing reports indirect ownership of 15,446,778 Class B Ordinary Shares. These shares are also held through MO Holding Ltd, providing investors with clarity on Zhou Yuan’s multi-class equity position in Zhihu.

Does this Zhihu (ZH) Form 3 show Zhou Yuan buying or selling shares?

No, the Form 3 records holdings, not new transactions. All entries are classified as holding records with unknown transaction codes, meaning it simply discloses Zhou Yuan’s existing indirect stakes via MO Holding Ltd as of the reported date.

How are Zhou Yuan’s Zhihu (ZH) shares held according to the Form 3?

The Form 3 identifies the shares as held indirectly “By MO Holding Ltd.” This indicates ownership is recorded through that entity, rather than directly by Zhou Yuan, though he remains the reporting person for SEC purposes.