Hu Hongqun 4

What Happened
Hu Hongqun, Chief Operating Officer of ZTO Express (ZTO), acquired 14,218 Class A ordinary shares on March 23, 2026. The filing shows a restricted share unit (RSU) grant that vested the same day and conversion/exercise of a derivative into shares. The reported acquisition price was $0.00, so no cash was paid.

Key Details

• Transaction date(s): March 23, 2026; Form 4 filed March 24, 2026 (timely).
• Reported transactions: Grant/award of 14,218 RSUs (code A) that vested in full on the grant date (footnote F2), and conversion/exercise(s) of derivative(s) into 14,218 Class A shares (codes M).
• Price: $0.00 per share; total cash paid reported = $0.
• Footnotes: F1 confirms each unit converts to one Class A ordinary share; F2 states the RSUs were granted and vested on March 23, 2026.
• Shares owned after the transaction: Not specified in the provided filing extract.

Context

• This was an award/vesting event rather than an open-market purchase or sale: RSUs were granted and vested and then converted to shares. Such transactions typically reflect compensation vesting, not a discretionary cash purchase or sale by the insider.
• No 10b5-1 plan, tax-withholding, or sale activity is reported in the provided details.