Wang Bei 4

4 · So-Young International Inc. · Filed Jun 11, 2026

AI-generated summary of this filing

Updated Jun 11, 2026

So-Young (SY) CMO Wang Bei Exercises Options for 30,260 Shares

What Happened

Wang Bei, Chief Marketing Officer and a director of So-Young International Inc. (SY), exercised 30,260 stock options on June 10, 2026 at an exercise price of $0.01 per share, resulting in the acquisition of 30,260 Class A ordinary shares (received as ADSs) for a total cash outlay of $303. The Form 4 also reports related conversion entries for option tranches that together total 30,260 underlying shares — these entries reflect the exercise/conversion of vested option grants (transaction code M), not open-market sales.

Key Details

Transaction date: June 10, 2026; Form 4 filed June 11, 2026 (timely).
Exercise price: $0.01 per share; shares acquired: 30,260; total cost: $303.
Several exercised/converted option tranches are reported individually (12,824; 12,821; 769; 641; 3,205 — which sum to 30,260).
ADS ratio: 13 ADS represent 10 Class A ordinary shares (shares were received in the form of ADSs).
Grants/vesting referenced: option awards from Nov 1, 2022 and May 27, 2021 (previously vested) are the source of the exercised options; a separate Jan 1, 2026 grant vests quarterly through 2029 (not exercised here).
Shares owned after the transaction are not specified in the provided excerpt.

Context

This filing reports an option exercise (derivative conversion). The “Disposed”/conversion line items reflect the conversion/exercise of option tranches into underlying shares (transaction code M), not sales on the open market. No sale/10b5-1 plan or tax-withholding sale is disclosed in the provided information. Exercises are routine for insiders when options vest; they do not by themselves indicate a view for or against the company.

Form 4

Period: 2026-06-10

DirectorCMO

Transactions

Exercise/Conversion
Class A ordinary share, par value US$0.01
[F1][F2]
2026-06-10$0.01/sh+30,260$303→ 141,940 total
Exercise/Conversion
Option (right to buy)
[F3]
2026-06-10$0.01/sh−12,824$128→ 0 total
Exercise: $0.01Exp: 2032-10-31→ Class A ordinary share, par value US$0.01 (12,824 underlying)
Exercise/Conversion
Option (right to buy)
[F4]
2026-06-10$0.01/sh−12,821$128→ 0 total
Exercise: $0.01Exp: 2032-10-31→ Class A ordinary share, par value US$0.01 (12,821 underlying)
Exercise/Conversion
Option (right to buy)
[F5]
2026-06-10$0.01/sh−769$8→ 0 total
Exercise: $0.01Exp: 2032-05-26→ Class A ordinary share, par value US$0.01 (769 underlying)
Exercise/Conversion
Option (right to buy)
[F6]
2026-06-10$0.01/sh−641$6→ 0 total
Exercise: $0.01Exp: 2032-10-31→ Class A ordinary share, par value US$0.01 (641 underlying)
Exercise/Conversion
Option (right to buy)
[F7]
2026-06-10$0.01/sh−3,205$32→ 35,261 total
Exercise: $0.01Exp: 2035-12-31→ Class A ordinary share, par value US$0.01 (3,205 underlying)

Footnotes (7)

[F1]The Class A ordinary shares are held in the form of American depositary shares ("ADS"), 13 of which represent 10 class A ordinary shares of the issuer.
[F2]Represent 30,260 Class A ordinary shares of the issuer received in the form of ADSs upon exercising of the 30,260 share options by the reporting person on June 10, 2026.
[F3]The reporting person was granted 12,824 share options on November 1, 2022, which fully vested in four installments of 3,205, 3,205, 3,205 and 3,209 on January 1, 2025, April 1, 2025, July 1, 2025 and October 1, 2025, respectively.
[F4]The reporting person was granted 12,821 performance-based share options on November 1, 2022, which fully vested in two installments of 6,410 on April 1, 2025 and 6,411 on October 1, 2025.
[F5]The reporting person was granted 769 share options on May 27, 2021, which vested in full on April 1, 2025.
[F6]The reporting person was granted 641 performance-based share options, which vested in full on April 1, 2025.
[F7]The reporting person was granted 38,466 share options on January 1, 2026, vesting in 12 quarterly installments, with 3,205 vesting in each of the first 11 installments and 3,211 shares vesting in the final installment on January 1, 2029.

Signature

/s/Bei Wang|2026-06-11

1 file