ZKH director sells 9.3M shares at $0.08 each

A ZKH Group Ltd director disclosed a sizable open‑market share sale executed via ADSs, leaving over 1.5 million Class A shares still held.

Rhea-AI Filing Summary

ZKH Group Ltd (ZKH) director Han Yunjie reported selling 9,289,000 Class A Ordinary Shares on September 11, 2026. The sale was executed in the form of 19,226 American Depositary Shares, each representing 35 Class A shares, at an effective price of $0.0834 per Class A share. After the transaction, Han held 1,538,180 Class A Ordinary Shares directly.

Insider Trade Summary

Net Seller: 9,289,000 shares

Net Sell 1 txn

Insider Han Yunjie

Role Director

Sold 9,289,000 shs ($775K)

Type	Security	Shares	Price	Value
Sale	Class A Ordinary Shares F1	9,289,000	$0.0834	$775K

Holdings After Transaction: Class A Ordinary Shares — 1,538,180 shares (Direct)

Footnotes (1)

1. F1. Represents 9,289,000 Class A ordinary shares sold in the form of 19,226 American Depositary Shares ("ADSs"). Each ADS represents thirty-five (35) Class A ordinary shares of the Issuer. The price reported in Column 4 represents the price per Class A ordinary share and was derived from the sale price of US$2.92 per ADS divided by 35.

Key Figures

Class A Ordinary Shares sold: 9,289,000 shares ADSs sold: 19,226 ADSs Price per Class A Ordinary Share: $0.0834 per share +3 more

6 metrics

Class A Ordinary Shares sold 9,289,000 shares Sale by director Han Yunjie on September 11, 2026

ADSs sold 19,226 ADSs Each ADS represents 35 Class A Ordinary Shares

Price per Class A Ordinary Share $0.0834 per share Derived from $2.92 per ADS divided by 35

Price per ADS $2.92 per ADS Sale price for the ADSs on September 11, 2026

Shares owned after transaction 1,538,180 shares Director’s direct Class A Ordinary Share holdings post‑sale

Net shares sold 9,289,000 shares Net sell direction across all reported transactions

Key Terms

American Depositary Shares, Class A Ordinary Shares, Rule 10b5-1

3 terms

American Depositary Shares financial

"sold in the form of 19,226 American Depositary Shares ("ADSs")"

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

Class A Ordinary Shares financial

"Represents 9,289,000 Class A ordinary shares sold in the form of"

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.

Rule 10b5-1 regulatory

"The filing indicates the Rule 10b5‑1 plan checkbox is not affirmed"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

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

What insider transaction did ZKH (ZKH Group Ltd) report in this Form 4?

ZKH reported that director Han Yunjie sold 9,289,000 Class A Ordinary Shares on September 11, 2026, in a transaction classified as a sale in the open market or a private transaction.

At what price were the ZKH Class A shares effectively sold?

The filing reports an effective price of $0.0834 per Class A Ordinary Share, derived from a sale price of $2.92 per ADS divided by 35 Class A shares represented by each ADS.

How many ZKH ADSs were sold in this transaction?

The 9,289,000 Class A Ordinary Shares were sold in the form of 19,226 American Depositary Shares (ADSs), with each ADS representing 35 Class A Ordinary Shares of ZKH Group Ltd.

How many ZKH shares does Han Yunjie hold after this reported sale?

After the reported sale, Han Yunjie directly owns 1,538,180 Class A Ordinary Shares of ZKH Group Ltd, according to the post‑transaction holdings disclosed.

Was the ZKH insider sale made under a Rule 10b5-1 trading plan?

The filing indicates the Rule 10b5‑1 plan checkbox is not affirmed, so the transaction is not reported as having been made pursuant to a Rule 10b5‑1 trading plan.

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

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Available on EDGAR 09/15/2026 - 06:07 AM Accepted by SEC EDGAR 09/15/2026 - 06:02 AM Learn about SEC filing dates

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^*

Han Yunjie

(Last) (First) (Middle)

C/O ZKH GROUP LTD, 7F, TOWER T4

LIHPAO PLAZA, 36 SHENBIN ROAD

(Street)

MINHANG DISTRICT SHANGHAI 200000

(City) (State) (Zip)

CHINA

(Country)

2. Issuer Name and Ticker or Trading Symbol
ZKH Group Ltd [ ZKH ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/11/2026

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	09/11/2026		S		9,289,000(1)	D	$0.0834	1,538,180	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. Represents 9,289,000 Class A ordinary shares sold in the form of 19,226 American Depositary Shares ("ADSs"). Each ADS represents thirty-five (35) Class A ordinary shares of the Issuer. The price reported in Column 4 represents the price per Class A ordinary share and was derived from the sale price of US$2.92 per ADS divided by 35.

	/s/ Yunjie Han	09/15/2026
	** 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)