Yuanbao (YB) VP Yue Ying Exercises Options, Sells ADSs

What Happened

• Yue Ying, Vice President of Yuanbao Inc. (YB), executed option/derivative transactions reported in an amended Form 4. On September 24, 2026 she exercised/converted derivatives that resulted in the acquisition of 7,000 ADSs and the reported disposition of 42,000 ADSs. Separately, 2,866 ADSs were sold in an open-market/related transaction at $12.11 per ADS for proceeds of $34,707, and 815 ADSs were disposed to cover exercise price/taxes at a weighted price of $12.31 (total reported $10,033). The filing is an amendment updating previously reported withholding details.

Key Details

• Transaction dates: primary activity reported on 2026-09-16 (tax/withholding entry) and 2026-09-24 (exercise/conversion and sales); amendment filed 2026-09-25.
• Prices & proceeds: 2,866 ADSs sold @ $12.11 = $34,707; 815 ADSs withheld @ $12.31 = $10,033; some derivative entries report $0 price (see below).
• Shares acquired/disposed: Acquired 7,000 ADSs (exercise/conversion); Disposed 42,000 ADSs (exercise/conversion reported as disposed); Disposed 2,866 ADSs (open market sale); 815 ADSs withheld for tax/payment.
• Shares owned after transaction: total holdings after these transactions are not specified in the provided excerpt.
• Footnotes of note:
  • F1: Each ADS is convertible into six Class A ordinary shares.
  • F2: This filing amends the prior Form 4 to update the actual number of shares withheld for taxes; sale prices reported are weighted averages (last sale Sept 23, 2026).
  • F3–F5: Option shares were fully vested (as of Aug 1, 2025); ADSs were acquired on exercise; some ADSs were sold pursuant to a sell-to-cover to pay exercise price and withholding tax.
• Filing status: This is an amended Form 4 correcting the earlier withholding/sale reporting.

Context

• These transactions reflect an option exercise with partial immediate disposition (sell-to-cover/open-market sale) to satisfy exercise costs and tax withholding — a common, routine insider action that doesn't necessarily indicate a change in personal view of the company.
• For retail investors: ADSs represent American Depositary Shares (each ADS = 6 Class A ordinary shares), so counts here are ADS-level, not ordinary-share counts. The amended filing clarifies the actual number of ADSs withheld/sold to cover taxes.