Yuanbao (YB) CTO Wang Bo Ethan Receives Awards & Exercises Options

What Happened

• Wang Bo Ethan, Chief Technology Officer of Yuanbao Inc. (YB), received equity awards on September 16, 2026: 90,000 stock options and 120,000 restricted share units (RSUs). The filing also reports conversions/exercise-related derivative activity tied to the vesting/conversion and a tax withholding.
• The RSU vesting triggered issuance of 36,000 American Depositary Shares (ADSs) on the vesting date (30% of 120,000 RSUs), and 1,291 ADSs were withheld to satisfy tax withholding obligations; the withholding was valued at $12.44 per ADS, totaling about $16,060. Several derivative exercise/conversion entries were reported at $0 (no cash paid).

Key Details

• Transaction date: September 16, 2026 (Form 4 filed 2026-09-18).
• Reported prices: derivative grants/exercises reported at $0.00 per share; tax withholding used ADS price $12.44 (closing price on 9/16/26) — withheld 1,291 ADSs = $16,060.
• Shares owned after transaction: not disclosed in the provided filing.
• Notable footnotes:
  • F1: 90,000 options vest 25% annually over four years (starting 9/16/27); each option equals one Class A share on exercise.
  • F2: 120,000 RSUs vest in eight installments (30% on 9/16/26, then smaller installments through 6/16/28); each RSU converts to one Class A share on vesting.
  • F3/F4: ADSs were issued on vesting; each ADS is convertible into six Class A ordinary shares. The 1,291 ADSs withheld were to cover taxes and the number is an estimate based on the $12.44 closing price.
• Filing timeliness: Form 4 was filed two days after the transactions (filed 2026-09-18 for 2026-09-16) — appears timely.

Context

• These entries are primarily awards/vesting (A) and exercise/conversion of derivatives (M); the withholding (F) is a routine tax-coverage disposition, not an open-market sale.
• ADSs can be converted into multiple underlying Class A shares (1 ADS = 6 Class A shares), so the economic exposure differs from a 1:1 share grant — check conversion if comparing to ordinary-share transactions.
• Awards and vesting are common executive compensation events; purchases are typically considered stronger signals of insider bullishness than routine grants or tax-withholding disposals.