Xiang Shaoqing 4
4 · Hesai Group · Filed Mar 27, 2026
Research Summary
AI-generated summary of this filing
Hesai (HSAI) 10% Owner Xiang Shaoqing Receives Award
What Happened
Xiang Shaoqing, reported as a 10% owner of Hesai Group (HSAI), was granted 157,000 restricted share units (RSUs) on March 25, 2026. The grant is reported as a derivative award (code A) at $0.00 per unit, so there was no immediate cash exchange. RSUs represent the contingent right to receive Class B ordinary shares upon vesting.
Key Details
- Transaction date: March 25, 2026; Form 4 filed March 27, 2026 (appears timely).
- Instrument: 157,000 restricted share units (derivative award), reported at $0.00 per unit.
- Shares owned after transaction: Not stated in the provided filing excerpt.
- Footnotes:
- F1 — Each RSU converts to one Class B ordinary share upon vesting.
- F2 — RSUs granted 3/25/2026 vest in four equal annual installments over 4 years, starting from the first anniversary of May 31, 2026; units have no expiration date.
- Transaction code: A = Award/Grant.
Context
This was an equity award, not an open-market purchase or sale — awards typically reflect compensation or retention incentives and do not represent an immediate change in market exposure. As a 10% owner, Xiang is a significant shareholder; the RSUs will only become tradable if and when they vest and convert to ordinary shares per the stated schedule.
Insider Transaction Report
- Award
Restricted share units
[F1][F2]2026-03-25+157,000→ 157,000 total→ Class B ordinary shares (157,000 underlying)
Footnotes (2)
- [F1]Each restricted share unit represents the contingent right to receive one (1) Class B ordinary share upon vesting.
- [F2]These restricted share units were granted on March 25, 2026, and vest per annum in four equal installments over a 4-year period, starting from the first anniversary of May 31, 2026, subject to the reporting person's continued service through the applicable vesting date. The restricted share units do not have expiration dates.