Every Form 4 that Zhihu Inc. (ZH) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow ZH and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ZH filings page.
Zhihu Inc. director and Chief Executive Officer Zhou Yuan reported an internal share reclassification on July 28, 2026. Through MO Holding Ltd, he converted 371,436 Class B ordinary shares into 371,436 Class A ordinary shares on a one-for-one basis, in line with Hong Kong listing rules as the issuer cancelled certain repurchased shares.
After the conversion, MO Holding Ltd is reported to hold 21,992,259 Class A and 14,862,319 Class B ordinary shares indirectly for Zhou Yuan. The paired transactions were coded as restructuring events and recorded at a price of 0.0000 per share.
Chen Derek reported acquisition or exercise transactions in this Form 4 filing.
Zhihu Inc. director Derek Chen reported a grant of 135,468 restricted share units (RSUs) linked to Class A Ordinary Shares. The RSUs were granted on June 3, 2026, with 25% vesting on each of the first four anniversaries of the grant date, as long as he continues serving on the Board. Each RSU represents a contingent right to receive one Class A Ordinary Share, and following this grant Chen holds 135,468 RSUs directly.
Zhihu Inc. director Hope Ni reported the vesting of 33,867 restricted share units, each converting into one Class A ordinary share. These RSUs are part of a 135,468-unit board grant that vests in four equal annual installments, contingent on continued board service. Following this compensation-related vesting, Ni directly holds 43,867 Class A shares and 101,601 remaining restricted share units, with no open-market purchases or sales reported in this filing.
Zhihu Inc. director Cheng Li-Lan reported routine equity compensation activity involving Class A ordinary shares. On May 27, 2026, 33,867 restricted share units (RSUs) vested from an original grant of 135,468 RSUs, with 25% scheduled to vest on each of four anniversaries, subject to continued board service.
Each RSU represents the right to receive one Class A ordinary share, so the vesting delivered 33,867 shares at a nominal price of $0.01 per share. After these transactions, Cheng held 33,867 Class A ordinary shares directly, along with 101,601 RSUs remaining from the grant.
On June 5, 2026, Cheng sold 360 Class A ordinary shares at $2.85 per share. A footnote explains this small sale was made solely to cover administrative costs and fees related to the RSU vesting, and was not tax related. Following the sale, Cheng directly held 33,507 Class A ordinary shares.
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.