Yin Dengfeng 4

4 · Chagee Holdings Ltd. · Filed Jun 25, 2026

AI-generated summary of this filing

Updated Jun 25, 2026

Chagee (CHA) COO Yin Dengfeng Exercises Options for 80,427 ADS

What Happened

Yin Dengfeng, Chief Operating Officer of Chagee Holdings Ltd. (CHA), exercised employee stock options on 2026-06-24 to acquire 80,427 ADSs by paying $3.76 per ADS, a total cash outlay of $302,518. A companion derivative entry shows the 80,427 ordinary shares were converted into 80,427 ADSs following the exercise (no sale was reported).

Key Details

Transaction date: 2026-06-24; filing date: 2026-06-25 (filed promptly).
Exercise: 80,427 ADSs acquired at $3.76 each; total paid $302,518 (transaction code M = option exercise).
Conversion entry: 80,427 shares converted to 80,427 ADSs (recorded as a $0 disposal of the derivative per footnote).
Shares owned after transaction (direct): 267,226 ADSs previously held + 80,427 ADSs acquired = 347,653 ADSs directly held by Mr. Yin (footnote F1).
Indirect/related holdings: TeaTide Limited holds 4,000,000 ADSs and 7,522,236 Class A ordinary shares; TeaTide is controlled through corporate and trust structures described in footnotes F1–F2.
Other option details (footnote F4): there is an option covering 160,854 Class A Ordinary Shares with 80,427 shares vesting on 3/1/2027 and 80,427 on 3/1/2028 (indicates remaining scheduled vesting for related option awards).

Context

This was an option exercise (acquisition), not a sale — exercises increase the insider's direct stake but do not by themselves indicate short-term market action unless followed by an immediate sale. The filing shows the exercised ordinary shares were converted into ADSs rather than sold, and the report appears timely (filed one day after the transaction).

Form 4

Period: 2026-06-24

DirectorChief Operating Officer

Transactions

Exercise/Conversion
American Depositary Shares
[F1][F2]
2026-06-24$3.76/sh+80,427$302,518→ 347,653 total
Exercise/Conversion
Employee Stock Options (Right to buy)
[F4][F3]
2026-06-24−80,427→ 160,854 total
Exercise: $3.76Exp: 2034-05-01→ Class A Ordinary Shares (80,427 underlying)

Holdings

Footnotes (4)

[F1]Represents (i) 267,226 ADSs directly held by Mr. Dengfeng Yin, (ii) 80,427 ADSs acquired through the exercise of options held directly by Mr. Dengfeng Yin, (iii)4,000,000 ADSs held by TeaTide Limited, and (iv) 7,522,236 Class A ordinary shares held by TeaTide Limited. TeaTide Limited is controlled by Starry Ocean Wisdom Limited, which in turn is wholly owned by Starry Ocean Development Limited, all of which are companies organized and existing under the laws of British Virgin Islands.
[F2]Starry Ocean Development Limited is controlled by Starry Ocean Trust, a trust established under the laws of Cayman Islands and managed by Trident Trust Company (Cayman) Limited as the trustee. Mr. Dengfeng Yin is the settler and protector of the trust, and he and his family members are the trust's beneficiaries. Under the terms of the trust, Mr. Dengfeng Yin retains the investment power with respect to the assets of the trust. TeaTide Limited has entered into certain irrevocable proxy and power of attorney arrangements in favor of Mr. Junjie Zhang, through which Mr. Junjie Zhang exercises voting power over all Class A ordinary shares held by TeaTide Limited.
[F3]80,427 ordinary shares are converted into 80,427 ADSs directly following the exercise of such Employee Stock Options.
[F4]Represents an option to purchase 160,854 Class A Ordinary Shares, with 80,427 Class A Ordinary Shares subject to the option vesting on March 1, 2027 and March 1, 2028, respectively.

Signature

/s/ Dengfeng Yin|2026-06-25

1 file