ZTO Express (ZTO) president discloses options and ADS stake

Rhea-AI Filing Summary

ZTO Express (Cayman) Inc. president Zhu Jingxi filed an initial Form 3 detailing existing equity interests in the company. The filing shows options to acquire 27,000 Class A ordinary shares directly and 6,000 shares indirectly through a spouse, all at an exercise price of 21.88 per share and expiring on March 22, 2034. These options were granted on March 22, 2024 and vest in equal installments over three years. The filing also reports 17,153 American depositary shares held directly and 480,461 American depositary shares held indirectly by a spouse, with each ADS representing one Class A ordinary share. The document reports holdings only and does not reflect new purchases or sales.

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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Zhu Jingxi

(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)
	President

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)	17,153	D
American depositary shares(1)	480,461	I	By spouse

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	27,000	$21.88	D
Options (right to buy)	(2)	03/22/2034	Class A ordinary shares	6,000	$21.88	I	By spouse

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/ Jingxi Zhu	03/16/2026
	** 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 5 (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.

FAQ

What does the ZTO Form 3 filing by president Zhu Jingxi show?

The Form 3 shows existing holdings by president Zhu Jingxi, including options over 33,000 Class A ordinary shares and significant American depositary share positions, both direct and through a spouse. It is an initial ownership report, not a record of new trades.

How many ZTO options does Zhu Jingxi report on the Form 3?

Zhu Jingxi reports options over 27,000 Class A ordinary shares held directly and 6,000 held indirectly through a spouse. All options carry an exercise price of 21.88 per share and expire on March 22, 2034, with vesting in equal installments over three years.

What American depositary share holdings in ZTO are disclosed for Zhu Jingxi?

The filing discloses 17,153 American depositary shares held directly and 480,461 American depositary shares held indirectly by Zhu Jingxi’s spouse. Each ADS represents one Class A ordinary share, giving investors a clear picture of reported direct and indirect ADS ownership.

Do the reported ZTO options for Zhu Jingxi involve any recent transactions?

No recent option exercises or sales are indicated. The Form 3 lists options granted on March 22, 2024 that vest in equal installments over three years and expire on March 22, 2034, serving as a snapshot of current option holdings rather than trade activity.

Does the ZTO Form 3 for Zhu Jingxi show direct or indirect ownership?

The Form 3 shows both direct and indirect ownership. Options and American depositary shares are reported as held directly by Zhu Jingxi and indirectly through a spouse, distinguishing between personal and spouse-related positions for clearer insight into overall reported exposure.