ZTO files Form 144 to sell 20,000 Class A shares

ZTO ES Holding Limited submitted a Form 144 reporting proposed sales of American Depositary Receipts (ADRs).

Rhea-AI Filing Summary

ZTO ES Holding Limited submitted a Form 144 reporting proposed sales of American Depositary Receipts (ADRs). The filing lists 20,000 Class A Ordinary Shares under “Securities To Be Sold.” The filing also records multiple ADR sales during the prior three months, including 519,967 shares for 12676171.5 on 03/25/2026 and smaller dispositions through 06/10/2026.

Insights

Securities Counsel

Form 144 notifies proposed public resale of ADRs by an affiliate.

Form 144 is a regulatory notice for proposed sales by affiliates or control persons; it lists a proposed sale of 20,000 Class A Ordinary Shares and documents actual ADR dispositions in the prior three months, with dated rows through 06/10/2026.

The filing itself does not state method of resale or who receives proceeds; subsequent transaction details will appear in broker records or Form 4/5 filings if applicable.

Key Figures

Proposed sale: 20,000 shares Disposition: 519,967 shares Disposition: 174,536 shares +4 more

7 metrics

Proposed sale 20,000 shares Securities To Be Sold (Class A Ordinary Shares)

Disposition 519,967 shares 03/25/2026 listed with value 12676171.5

Disposition 174,536 shares 03/26/2026 listed with value 4201517.86

Disposition 200,562 shares 03/27/2026 listed with value 4834647.29

Disposition 49,405 shares 03/30/2026 listed with value 1201252.93

Disposition 7,185 shares 05/27/2026 listed with value 161596.66

Disposition 34,077 shares 06/10/2026 listed with value 765190.08

Key Terms

Form 144, ADR, Securities To Be Sold

3 terms

Form 144 regulatory

"Submission heading and filing type indicating proposed sale notice"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

ADR financial

"Repeatedly listed as the security type for reported dispositions"

An American Depositary Receipt (ADR) is a financial certificate that lets investors buy shares of a foreign company through U.S. stock markets, similar to buying a local wrapper that represents the underlying foreign shares. ADRs matter because they make investing in overseas companies easier and more liquid by trading in U.S. dollars and under U.S. market rules, while still carrying currency, regulatory, and country-specific risks that can affect share value.

Securities To Be Sold regulatory

"Line showing Class A Ordinary Shares and 20,000 quantity"

FAQ

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

What does ZTO's Form 144 report?

It reports a proposed sale of 20,000 Class A Ordinary Shares (ADRs) and lists multiple ADR dispositions in the prior three months dated between 03/25/2026 and 06/10/2026. The form is a notice of intent to sell.

How many ADRs were sold by ZTO ES Holding Limited in March 2026?

The filing shows three March 2026 ADR dispositions: 519,967 shares (03/25/2026), 174,536 shares (03/26/2026), and 200,562 shares (03/27/2026), with corresponding value figures listed in the excerpt.

Are the dollar values shown on the filing the sale proceeds?

The excerpt pairs share counts with numeric values (for example, 519,967 with 12676171.5), which appear as reported amounts. The filing text does not label those numbers explicitly as net proceeds or gross sale value.

Does this Form 144 confirm completion of the proposed 20,000-share sale?

No. The Form 144 lists a proposed sale of 20,000 Class A Ordinary Shares; it is a notice of intent and does not by itself confirm that those proposed sales have settled.

What is the latest disposition date shown in the filing excerpt?

The latest date listed for recorded ADR dispositions in the excerpt is 06/10/2026, with a quantity of 34,077 and a paired numeric value of 765190.08.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 06/24/2026 - 06:17 PM EDT Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001971621
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	ZTO Express (Cayman) Inc.
SEC File Number	001-37922
Address of Issuer	Building One, No. 1685 Huazhi Road Qingpu District Shanghai CHINA 201708
Phone	86-21-5980-4508
Name of Person for Whose Account the Securities are To Be Sold	ZTO ES Holding Limited
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	10% Stockholder

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
ADR	Goldman Sachs & Co. LLC 200 West Street New York NY 10282	20000	439200	563800693	06/24/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Ordinary Shares	06/28/2016	Purchase	Issuer			20000	06/28/2016	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
ZTO ES Holding Limited Building One, No. 1685 Huazhi Road Qingpu District Shanghai F4 201708	ADR	03/25/2026	519967	12676171.5
ZTO ES Holding Limited Building One, No. 1685 Huazhi Road Qingpu District Shanghai F4 201708	ADR	03/26/2026	174536	4201517.86
ZTO ES Holding Limited Building One, No. 1685 Huazhi Road Qingpu District Shanghai F4 201708	ADR	03/27/2026	200562	4834647.29
ZTO ES Holding Limited Building One, No. 1685 Huazhi Road Qingpu District Shanghai F4 201708	ADR	03/30/2026	49405	1201252.93
ZTO ES Holding Limited Building One, No. 1685 Huazhi Road Qingpu District Shanghai F4 201708	ADR	05/27/2026	7185	161596.66
ZTO ES Holding Limited Building One, No. 1685 Huazhi Road Qingpu District Shanghai F4 201708	ADR	06/10/2026	34077	765190.08

144: Remarks and Signature

Remarks
Date of Notice	06/24/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	Goldman Sachs & Co. LLC on behalf of Xu Feng
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)