ZTO Express (NYSE: ZTO) COO Hu Hongqun reports initial equity holdings

Rhea-AI Filing Summary

ZTO Express (Cayman) Inc. director and Chief Operating Officer Hu Hongqun reported initial holdings on a Form 3. The filing shows direct ownership of 17,230 American depositary shares, with each ADS representing one Class A ordinary share.

Hu also holds options to buy 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.

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^*

Hu Hongqun

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operating 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)	17,230	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/ Hongqun Hu	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 Form 3 for Hu Hongqun report?

The Form 3 for ZTO reports Hu Hongqun’s initial beneficial ownership. It shows his direct holdings of American depositary shares and stock options, establishing a baseline of his equity position as a director and Chief Operating Officer of the company.

How many ZTO American depositary shares does Hu Hongqun hold?

Hu Hongqun directly holds 17,230 American depositary shares of ZTO. Each ADS represents one Class A ordinary share, so this position reflects 17,230 underlying ordinary shares in the company according to the filing’s footnote disclosure.

What stock options does Hu Hongqun have in ZTO?

Hu Hongqun holds options to purchase 21,000 Class A ordinary shares of ZTO at an exercise price of $21.88 per share. These options provide potential future share acquisition if exercised before their stated expiration date.

When do Hu Hongqun’s ZTO options expire and how do they vest?

The options held by Hu Hongqun expire on March 22, 2034. They were granted on March 22, 2024 and vest in equal installments over a three-year period, meaning portions become exercisable each year during that timeframe.

What is the ADS to ordinary share ratio for ZTO in this filing?

According to the filing’s footnote, each ZTO American depositary share represents one Class A ordinary share. This one-to-one ratio directly links the reported ADS holdings to the same number of underlying ordinary shares in the company.