Wang Jilei 4

What Happened
Wang Jilei, Vice President of Infrastructure Management and a director at ZTO Express (Cayman) Inc., was awarded and acquired 13,108 Class A ordinary shares on March 23, 2026. The filing shows a grant/award of restricted share units (RSUs) that vested the same day and conversion/exercise-type entries converting those RSUs into ordinary shares. Price per share: $0.00; total cash paid: $0 — this was an equity award/vesting event, not an open-market purchase or sale.

Key Details

• Transaction date: March 23, 2026; Form 4 filed March 24, 2026 (appears timely).
• Reported transactions: Award/grant of 13,108 RSUs (derivative) and corresponding conversion/exercise entries converting those RSUs into 13,108 Class A shares.
• Price: $0.00 per share; aggregate cash paid reported as $0.
• Shares owned after transaction: not disclosed in the provided excerpt of the filing.
• Footnotes: F1 — each unit equals one Class A ordinary share. F2 — the restricted share units were granted on March 23, 2026 and vested in full on that date.
• Transaction codes: A = award/grant; M = exercise/conversion of a derivative (here reflecting RSU conversion).

Context
This was an equity award that vested and converted to shares the same day. Such awards are compensation events and do not necessarily indicate insider buying or selling sentiment. The derivative/exercise entries simply reflect the RSUs converting into issued Class A ordinary shares at no cash cost to the insider.