Yuanbao (YB) Director Han Xu Harley Withholds 1,037 ADSs for Taxes

What Happened

• Director Han Xu Harley had 1,037 American Depositary Shares (ADSs) disposed to satisfy a tax liability related to a derivative transaction. The ADSs were recorded at $12.31 each for a total value of approximately $12,765. This Form 4 is an amendment updating the actual number of ADSs withheld (previously estimated).

Key Details

• Transaction date: 2026-09-16 (period of report). Footnote indicates the last of the related ADS sales was completed on September 23, 2026.
• Price reported: $12.31 per ADS (weighted-average price for ADSs sold, per the amendment).
• Shares involved: 1,037 ADSs (equivalent to 6,222 underlying Class A ordinary shares, as each ADS is convertible into six Class A shares — footnote).
• Total value: ~ $12,765 (disposition to cover tax liability).
• Shares owned after the transaction: Not specified in the supplied filing details.
• Notable footnotes: F1 explains each ADS converts into six Class A ordinary shares; F2 explains this amendment replaces an earlier estimate of shares withheld and offers to provide full details on the number/prices of sales upon request.
• Filing status: This is an amended Form 4 updating previously reported (estimated) withholding; the amendment does not by itself indicate insider trading intent.

Context

• Code F indicates shares were withheld/used to satisfy tax obligations (common after option exercises or vesting). Footnote details suggest shares were sold (sell-to-cover) and the amendment updates the actual withheld amount and sales pricing. Such tax-withholding dispositions are routine and do not necessarily signal a change in the insider’s view of the company.