Wang Hui (Jasmine) 4

What Happened

• Wang Hui (Jasmine), a director of Hesai Group (HSAI), was granted 6,565 restricted share units (RSUs) on March 25, 2026. The filing reports the award as a derivative acquisition (code A) at a reported price of $0.00 (grant value not reported on the Form 4).

Key Details

• Transaction date: March 25, 2026; Filing date: March 27, 2026 (appears timely).
• Grant size and price: 6,565 RSUs @ $0.00 (reported derivative award).
• Vesting schedule (per filing footnotes): 2,188 RSUs vest on March 25, 2027; 2,188 RSUs vest on December 24, 2027; 2,189 RSUs vest on December 23, 2028. RSUs have no expiration date.
• What the RSUs represent: each restricted share unit equals the contingent right to receive one Class B ordinary share upon vesting (footnote).
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Filing timeliness: reported two days after the transaction date; no late-filing indication in the excerpt.

Context

• This was an equity grant (award), not an open-market buy or sale — RSUs are a form of compensation that convert to shares only if vesting conditions are met. Such grants signal company compensation/retention actions but are not direct purchases or sales of stock by the insider.