Yuanbao (YB) CPO Sun Shuli Withholds 815 ADSs for Taxes

What Happened

• Sun Shuli, Chief Product Officer and a director of Yuanbao Inc. (YB), had 815 American Depositary Shares (ADSs) withheld/sold to satisfy a tax liability related to a derivative transaction. The reported weighted-average price per ADS was $12.31, for a total of approximately $10,033. This filing is an amendment updating previously reported, estimated withholding amounts to the actual number withheld.

Key Details

• Transaction date: September 16, 2026 (amended Form 4 filed September 25, 2026)
• Action/Code: F — Payment of exercise price or tax liability (derivative disposition/withholding)
• Shares affected: 815 ADSs; Price: $12.31 per ADS; Total value reported: $10,033
• Shares owned after transaction: Not specified in this amendment
• Footnotes:
  • F1: Each ADS represents six (6) Class A Ordinary Shares of Yuanbao; ADSs are convertible at holder's election and have no expiration.
  • F2: This amendment replaces an earlier estimate of shares withheld for taxes with the actual number; the Column 8 price is a weighted average per ADS sold, with the last sale completed on September 23, 2026. The reporting person can provide details of quantities and prices upon request.
• Filing status: Amended Form 4 updating prior report (see note above)

Context

• This was a tax-withholding/disposition tied to a derivative event (e.g., exercise or settlement of awards). Such withholdings are routine administrative transactions to satisfy tax obligations and do not, by themselves, indicate a buy or sell opinion by the insider.
• Because these ADSs convert to Class A ordinary shares on a 6:1 basis, 815 ADSs represent control of the economic interest in a larger number of underlying ordinary shares (815 × 6 = 4,890 Class A shares) if converted.