Pan Qing 4

4 · NOAH HOLDINGS LTD · Filed Jun 30, 2026

AI-generated summary of this filing

Updated Jun 30, 2026

NOAH (NOAH) CFO Pan Qing Receives Shares From RSU Vesting

What Happened

Pan Qing, CFO of NOAH Holdings Ltd., had the final installment of an RSU award convert into ordinary shares on June 29, 2026. The conversion resulted in 1,095 ordinary shares being issued and 109.5 shares surrendered/withheld (disposed) to cover tax obligations. The withheld shares were recorded at $0.00 (no cash proceeds).

Key Details

Transaction date: 2026-06-29; Form 4 filed 2026-06-30 (timely).
Reported transactions: 1,095 shares acquired (conversion of derivative, code M); 109.5 shares disposed at $0.00 (withheld for taxes).
Net shares delivered to the insider after withholding: 985.5 shares (1,095 − 109.5).
Shares owned after transaction: not specified in this Form 4.
Footnotes: RSUs convert into ordinary shares on a 10-for-1 basis. The award was 6,383 RSUs (each = 10 ordinary shares); the award fully vested with this final installment and no RSUs under this grant remain outstanding. Monthly vesting installments were subject to rounding, which explains fractional counts.
Filing timeliness: not reported late.

Context

This was an RSU vesting/conversion (derivative conversion), not an open-market sale or purchase. The disposal of shares at $0.00 reflects shares withheld to satisfy tax withholding obligations, not a market sale. Such award vestings are routine compensation events and do not, by themselves, indicate a buy/sell decision by the insider.

Form 4

Period: 2026-06-29

CHIEF FINANCIAL OFFICER

Transactions

Exercise/Conversion
ORDINARY SHARES
[F1]
2026-06-29+1,095→ 928,520 total
Exercise/Conversion
RESTRICTED STOCK UNIT
[F1][F2]
2026-06-29−109.5→ 0 total
→ ORDINARY SHARES (1,095 underlying)

Footnotes (2)

[F1]Restricted stock units ("RSUs") convert into ordinary shares on the basis of ten ordinary shares per unit.
[F2]Represents an award of 6,383 RSUs, each representing the right to receive 10 ordinary shares. 3,272 RSUs vested on December 29, 2023. The remaining 3,111 RSUs vest in equal monthly installments of 103 RSUs at the end of each month, commencing January 29, 2024. The award will be fully vested on June 29, 2026. This Form 4 reports the final monthly vesting installment, upon which the award became fully vested. Monthly installments are subject to rounding; accordingly, the number of RSUs vesting in this final installment differs slightly from the unvested balance reported on the prior Form 4. Following this transaction, no RSUs under this award remain outstanding.

Signature

/s/ QING PAN|2026-06-30

1 file