ZTO Express (NYSE: ZTO) CFO discloses options and ADS holdings in Form 3

Rhea-AI Filing Summary

ZTO Express (Cayman) Inc. Chief Financial Officer Yan Huiping filed an initial ownership report showing existing equity interests. The filing lists stock options over 21,000 Class A ordinary shares at an exercise price of $21.88 per share, expiring on March 22, 2034. These options were granted on March 22, 2024 and vest in equal installments over three years. The report also shows direct ownership of 18,076 American depositary shares, each representing one Class A ordinary share.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Yan Huiping

(Last) (First) (Middle)

BUILDING ONE, NO. 1685 HUAZHI ROAD

(Street)

SHANGHAI F4 201708

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/16/2026

3. Issuer Name and Ticker or Trading Symbol
ZTO Express (Cayman) Inc. [ ZTO ]

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

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

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
American depositary shares(1)	18,076	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Options (right to buy)	(2)	03/22/2034	Class A ordinary shares	21,000	$21.88	D

Explanation of Responses:

1. Each represents one Class A ordinary share.

2. These options were granted on March 22, 2024 and vest in equal installments over a three-year period.

	/s/ Huiping Yan	03/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What does ZTO Express (ZTO) CFO Yan Huiping report in this Form 3?

ZTO Express CFO Yan Huiping reports existing equity holdings, not new trades. The filing lists stock options over 21,000 Class A ordinary shares and 18,076 American depositary shares, establishing the baseline ownership position as an insider at the time of the report.

How many stock options does the ZTO Express CFO hold according to the Form 3?

The ZTO Express CFO holds options over 21,000 Class A ordinary shares. These options carry an exercise price of $21.88 per share, were granted on March 22, 2024, and vest in equal installments over three years, expiring on March 22, 2034.

What American depositary share (ADS) holdings are disclosed for ZTO Express (ZTO) CFO?

The Form 3 shows direct ownership of 18,076 American depositary shares by the ZTO Express CFO. Each ADS represents one Class A ordinary share, so this reflects 18,076 underlying Class A ordinary shares in addition to the separate stock option position.

Are there any insider buys or sells in this ZTO Express Form 3 filing?

The Form 3 does not show insider buys or sells; it records holdings only. It lists existing positions in stock options and American depositary shares, serving as the initial ownership snapshot when the CFO became a reporting insider.

When do the ZTO Express CFO stock options reported on Form 3 vest and expire?

The options reported for the ZTO Express CFO were granted on March 22, 2024 and vest in equal installments over a three-year period. They have an expiration date of March 22, 2034, providing a long-term incentive window tied to the company’s Class A ordinary shares.