How did Zhihu’s ADS ratio change impact the reported RSU share count for ZH?

The filing notes that the total number of underlying Class A ordinary shares reflects downward rounding adjustments for fractional shares. These adjustments followed Zhihu’s change of ADS ratio, slightly modifying the precise share count tied to the RSU award.

Zhihu CFO reports 2.5M RSU share award

Zhihu Inc. Chief Financial Officer Wang Han reported beneficial ownership tied to an aggregate grant of 2,500,000 Restricted Share Units (RSUs), each representing one Class A ordinary share.

Accepted by SEC EDGAR 03/18/2026 - 09:00 AM EDT

Filing Impact

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Filing Sentiment

(Neutral)How Sentiment works

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Form Type

Rhea-AI Filing Summary

Zhihu Inc. Chief Financial Officer Wang Han reported beneficial ownership tied to an aggregate grant of 2,500,000 Restricted Share Units (RSUs), each representing one Class A ordinary share. The RSUs were granted on February 19, 2024, with vesting commencing on April 1, 2024.

Under the vesting schedule, 25% of the RSUs vest on the first anniversary of the April 1, 2024 vesting commencement date, and the remaining 75% vest in 12 equal quarterly installments, subject to his continued service. The total underlying shares also reflect rounding adjustments following a change in Zhihu’s ADS ratio.

Insider Trade Summary

Holdings reported, no transactions

Holdings

Insider Wang Han

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Holding	Class A ordinary shares	--	--	--

Holdings: Class A ordinary shares — 2,500,000 shares (Direct)

Footnotes (1)

F1. Represents Class A ordinary shares acquired upon the vesting of a portion of the Restricted Share Units ("RSUs"). The reporting person was originally granted an aggregate of 2,500,000 RSUs. Each RSU represents a contingent right to receive one Class A ordinary share of the Issuer. The RSUs were granted on February 19, 2024, with vesting commencing on April 1, 2024. 25% of the RSUs vest on the first anniversary of the vesting commencement date, and the remaining 75% vest in 12 equal quarterly installments thereafter, subject to the reporting person's continued service to the Issuer through each applicable vesting date. The total number of underlying shares reflects downward rounding adjustments for fractional shares following the Issuer's change of ADS ratio.

FAQ

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

What does Zhihu (ZH) Chief Financial Officer Wang Han report on this Form 3?

Wang Han reports beneficial ownership linked to 2,500,000 Restricted Share Units (RSUs) in Zhihu Inc. Each RSU corresponds to one Class A ordinary share, establishing his initial reported equity stake as an executive through a structured, multi-year vesting award.

How many RSUs are reported for Zhihu (ZH) CFO Wang Han and what do they represent?

The filing states Wang Han was granted 2,500,000 RSUs, each representing a contingent right to receive one Zhihu Class A ordinary share. This award defines a significant portion of his long-term equity-based compensation tied directly to the company’s stock performance.

What is the vesting schedule for Wang Han’s RSUs at Zhihu (ZH)?

The RSUs begin vesting from April 1, 2024. According to the filing, 25% vest on the first anniversary of that date, while the remaining 75% vest in 12 equal quarterly installments, conditioned on Wang Han’s continued service with Zhihu Inc.

What conditions affect the vesting of Zhihu (ZH) CFO Wang Han’s RSUs?

Vesting of Wang Han’s 2,500,000 RSUs is subject to his continued service with Zhihu Inc. The award vests 25% after one year from April 1, 2024, and the remaining 75% quarterly thereafter, aligning his compensation with sustained employment and company performance.

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

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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^*

Wang Han

(Last)

(First)

(Middle)

ROOM 701, UNIT 3, BUILDING 1,

YIXINYUAN, BINHAI NEW AREA

(Street)

TIANJIN

300450

(City)

(State)

(Zip)

CHINA

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Financial 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⁾	2,500,000	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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	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)

Explanation of Responses:

1. Represents Class A ordinary shares acquired upon the vesting of a portion of the Restricted Share Units ("RSUs"). The reporting person was originally granted an aggregate of 2,500,000 RSUs. Each RSU represents a contingent right to receive one Class A ordinary share of the Issuer. The RSUs were granted on February 19, 2024, with vesting commencing on April 1, 2024. 25% of the RSUs vest on the first anniversary of the vesting commencement date, and the remaining 75% vest in 12 equal quarterly installments thereafter, subject to the reporting person's continued service to the Issuer through each applicable vesting date. The total number of underlying shares reflects downward rounding adjustments for fractional shares following the Issuer's change of ADS ratio.

	/s/ Han Wang	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)

Source: View Original Filing on SEC EDGAR