Zhihu (NYSE: ZH) CFO gains 330,000 Class A shares via RSU vesting

Rhea-AI Filing Summary

Zhihu Inc. Chief Financial Officer Wang Han received 330,000 Class A ordinary shares as an equity award. These shares were acquired at $0.01 per share when restricted share units (RSUs) vested after their performance-based conditions were achieved on April 17, 2026.

This is a compensation-related grant, not an open-market purchase or sale, and it increased his direct holdings to 2,830,000 Class A ordinary shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Wang Han

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Class A ordinary shares	330,000	$0.01	$3K

Holdings After Transaction: Class A ordinary shares — 2,830,000 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares acquired: 330,000 shares Acquisition price: $0.01 per share Post-transaction holdings: 2,830,000 shares

3 metrics

Shares acquired 330,000 shares Class A ordinary shares from RSU vesting on April 17, 2026

Acquisition price $0.01 per share Recorded price for vested RSUs converting to shares

Post-transaction holdings 2,830,000 shares Total Class A ordinary shares directly held after vesting

Key Terms

restricted share units (RSUs), performance-based conditions, Class A ordinary shares, vesting

4 terms

restricted share units (RSUs) financial

"These 330,000 Class A ordinary shares were acquired upon vesting of restricted share units (RSUs)."

Restricted share units (RSUs) are a form of employee pay where a company promises to give shares (or their cash value) to workers after certain conditions, usually time or performance, are met. For investors, RSUs matter because they can increase the number of shares outstanding and signal how management is being paid and incentivized—think of them as delayed bonuses that convert into ownership when vesting conditions are satisfied.

performance-based conditions financial

"The performance-based conditions of these RSUs were achieved on April 17, 2026, and these RSUs were vested on the same date."

Class A ordinary shares financial

"These 330,000 Class A ordinary shares were acquired upon vesting of restricted share units (RSUs)."

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

vesting financial

"These 330,000 Class A ordinary shares were acquired upon vesting of restricted share units (RSUs)."

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

Form 4 Insider Transactions: What Each Field Means →

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

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^*

Wang Han

(Last) (First) (Middle)

ROOM 701, UNIT 3, BUILDING 1,

YIXINYUAN, BINHAI NEW AREA

(Street)

TIANJIN 300450

(City) (State) (Zip)

CHINA

(Country)

2. Issuer Name and Ticker or Trading Symbol
Zhihu Inc. [ ZH ]

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

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

2a. Foreign Trading Symbol
[HKEX: 2390]

3. Date of Earliest Transaction (Month/Day/Year)
04/17/2026

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
Class A ordinary shares(1)	04/17/2026		A		330,000	A	$0.01	2,830,000	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. These 330,000 Class A ordinary shares were acquired upon vesting of restricted share units (RSUs). The performance-based conditions of these RSUs were achieved on April 17, 2026, and these RSUs were vested on the same date.

	/s/ Han Wang	04/21/2026
	** 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)

FAQ

What insider transaction did Zhihu (ZH) report for CFO Wang Han?

Zhihu reported that CFO Wang Han acquired 330,000 Class A ordinary shares through vesting of restricted share units. The RSUs met performance-based conditions on April 17, 2026, causing them to vest and convert into shares at a nominal price of $0.01 per share.

Was the Zhihu (ZH) CFO’s Form 4 transaction a market purchase or sale?

The transaction was not a market trade. Wang Han acquired shares through vesting of performance-based restricted share units, a form of equity compensation, at $0.01 per share. No open-market buying or selling activity was reported in this Form 4 filing.

How many Zhihu (ZH) shares does CFO Wang Han hold after this award?

After the RSU vesting, Wang Han directly holds 2,830,000 Class A ordinary shares. This total includes the 330,000 shares that were issued upon achievement of the RSUs’ performance-based conditions and their vesting on April 17, 2026, as disclosed in the filing.

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

The RSUs vested when their performance-based conditions were achieved on April 17, 2026. Once those conditions were satisfied, 330,000 restricted share units converted into Class A ordinary shares on the same date, reflecting completion of the performance targets tied to the award.

What does the $0.01 price in the Zhihu (ZH) Form 4 represent?

The $0.01 price per share reflects the nominal acquisition price used for the RSU vesting, not a market trading price. It represents the value at which the 330,000 Class A ordinary shares were recorded when the restricted share units converted into stock for compensation purposes.