Lai Meisong 4

What Happened
Lai Meisong, CEO of ZTO Express (Cayman) Inc., acquired 154,000 Class A ordinary shares on March 23, 2026. The filing records a 154,000-share grant of restricted share units (RSUs) and corresponding exercise/conversion entries showing the RSUs converted into 154,000 shares. The reported price for these transactions is $0.00 and the reported cash value is $0, consistent with a grant and vesting event rather than an open-market purchase.

Key Details

• Transaction date: March 23, 2026 (reported on Form 4 filed March 24, 2026).
• Reported entries: one grant/award (A) of 154,000 RSUs and two exercise/conversion (M) entries for 154,000 shares each; net result = 154,000 Class A shares acquired.
• Price reported: $0.00 per share; total reported cash consideration: $0.
• Footnotes: F1 = each unit represents one Class A ordinary share; F2 = RSUs were granted and vested in full on March 23, 2026.
• Shares owned after transaction: not specified in the provided filing details.
• Filing timeliness: filing was submitted on March 24, 2026 (one day after the transaction); no late-filing flag provided in the supplied data.

Context
This was an award/vesting event (RSUs converting into shares), not an open-market purchase or sale. Such grants typically reflect compensation or retention awards and do not by themselves indicate a buy/sell market signal. The $0.00 price reflects that the shares were issued upon vesting rather than purchased with cash.