ZTO Express (NYSE: ZTO) VP discloses options and ADS holdings

Rhea-AI Filing Summary

ZTO Express (Cayman) Inc. executive Lai Jianchang, VP of Overseas Operations, filed an initial ownership report showing his existing equity interests. He directly holds options to acquire 12,000 Class A ordinary shares at an exercise price of 21.8800 per share, expiring on March 22, 2034. These options were granted on March 22, 2024 and vest in equal installments over three years. He also directly owns 11,461 American depositary shares, each representing one Class A ordinary share. The filing records holdings only and does not report 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

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1. Name and Address of Reporting Person^*

Lai Jianchang

(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)
03/17/2026

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)
	VP of Overseas Operations

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)	11,461	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	12,000	$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/ Jianchang Lai	03/17/2026
	** 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 the Form 3 filing by ZTO VP Lai Jianchang report for ZTO?

The Form 3 reports Lai Jianchang’s existing equity holdings in ZTO Express. It shows 12,000 options on Class A ordinary shares and 11,461 American depositary shares, establishing his baseline ownership as an executive officer.

How many ZTO Express options does Lai Jianchang hold according to this Form 3?

Lai Jianchang holds options over 12,000 Class A ordinary shares of ZTO Express. These options have an exercise price of 21.8800 per share and expire on March 22, 2034, with vesting in equal installments over three years.

How many ZTO Express ADSs does Lai Jianchang own in this disclosure?

The filing shows that Lai Jianchang directly owns 11,461 American depositary shares of ZTO Express. Each ADS represents one Class A ordinary share, so this stake corresponds to 11,461 underlying Class A ordinary shares.

Are there any new ZTO share purchases or sales in Lai Jianchang’s Form 3?

No new purchases or sales are reported in this Form 3. It is an initial statement of beneficial ownership that lists Lai Jianchang’s existing options and American depositary share holdings without recording new transactions.

When were Lai Jianchang’s ZTO Express stock options granted and how do they vest?

The options were granted on March 22, 2024 and vest in equal installments over a three-year period. This means portions of the 12,000-option grant become exercisable each year during the three-year vesting schedule.