ZKH Group (NYSE: ZKH) director details options, RSUs and Class B shares
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
ZKH Group Ltd director Yang Changxiang has filed an initial ownership report detailing existing equity awards and share holdings. The filing lists share options over 700,000 ordinary shares at an exercise price of $0.2609 expiring on November 30, 2033, and additional options over 2,542,735 ordinary shares with a near-zero exercise price expiring on May 30, 2030. It also shows restricted share units covering 693,000 and 1,312,500 ordinary shares, which vest over multi‑year schedules tied to continued service and performance. Yang directly holds 1,102,500 ordinary shares and has indirect ownership of 4,158,540 Class B ordinary shares held through Roger Yang Limited, an entity he ultimately owns.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Yang Changxiang
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Share Option (right to buy) | -- | -- | -- |
| holding | Share Option (right to buy) | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Class B Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Share Option (right to buy) — 700,000 shares (Direct);
Restricted Share Units — 693,000 shares (Direct);
Ordinary Shares — 1,102,500 shares (Direct);
Class B Ordinary Shares — 4,158,540 shares (Indirect, See footnote)
Footnotes (1)
- Represents restricted share units (the "RSUs"). Each RSU represents a contingent right to receive one ordinary share of the Issuer upon settlement. 577,500 of the RSUs vests over 4 years starting on January 18, 2025, with 25% vesting annually, and 525,000 RSUs vests over 4 years starting on January 18, 2026, with 25% vesting annually, subject to the Reporting Person's continued service to the Issuer on each such vesting date. These securities are held of record by Roger Yang Limited. Roger Yang Limited is wholly owned by Roger Yang II Limited, which is in turn wholly owned by the Reporting Person. The Reporting Person may be deemed to have voting and dispositive power over, and be the beneficial owner of, the securities held by Roger Yang Limited. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. The shares subject to the option vest over 4 years starting from July 1, 2023, with 25% vesting annually 100% of the shares subject to the option have vested on December 31, 2021. The exercise prices is $0.0000001. RSUs vest after 3 years from the grant date of January 18, 2025, subject to performance results RSUs vest after 3 years from the grant date of January 18, 2026, subject to performance results
FAQ
What does Yang Changxiang’s Form 3 filing for ZKH indicate?
The Form 3 shows Yang Changxiang’s existing ownership in ZKH, including options, restricted share units, ordinary shares, and Class B ordinary shares. It is an initial disclosure of holdings, not a record of new share purchases or sales.
Do the ZKH Form 3 footnotes describe vesting terms for Yang Changxiang’s awards?
Yes. One option grant vests over four years starting July 1, 2023, another was fully vested by December 31, 2021, and RSUs vest over three to four years from grant dates in 2025 and 2026, some subject to performance results.
ZKH GROUP LTD