Yuanbao (YB) COO Li Ying Dana Receives Awards, Exercises Options

What Happened
Li Ying Dana, Chief Operating Officer of Yuanbao Inc. (YB), received equity awards and had derivative securities convert/settle on Sept 16, 2026. The filing shows two grants on that date (150,000 options and 240,000 RSUs, both at $0.00) and conversion/exercise entries (72,000 and 12,000 ADS-equivalent securities). To satisfy tax withholding, 4,397 ADSs were withheld and disposed at an estimated price of $12.44 each, equal to ~$54,699. These transactions are derivative-related (award/vesting and conversion/exercise), not open-market purchases.

Key Details

• Transaction date: September 16, 2026; Form 4 filed September 18, 2026 (appears timely).
• Grants: 150,000 options (code A) and 240,000 RSUs (code A), both reported at $0.00.
• Conversions/exercises: reported entries of 72,000 (M, disposed) and 12,000 (M, acquired) derivative shares at $0.00.
• Tax withholding (code F): 4,397 ADSs disposed at $12.44/share for $54,699 (estimated based on 9/16/2026 close; may be revised).
• Shares owned after the transactions: not specified in the provided excerpt of the filing.
• Footnotes of note:
  • F1: Options vest in four equal annual installments starting Sept 16, 2027.
  • F2: RSUs vest in eight installments (30% on Sept 16, 2026, then smaller installments through June 16, 2028).
  • F3: Each ADS represents six (6) Class A ordinary shares and may be converted by the holder.
  • F4: Withholding number is estimated and tied to the $12.44 closing price; may be amended to reflect actual withholding.

Context
This filing reflects routine award/vesting and derivative conversion activity rather than an open-market buy or sale. The immediate economic impact noted in the filing is the tax withholding (~$54.7K) to satisfy obligations on vested/converted ADSs. The option grant itself vests over future years (per F1) and does not indicate an immediate cash purchase.