Zhongchao (ZCMD) CEO Yang Weiguang Receives Share Award

What Happened
Yang Weiguang, founder, Chief Executive Officer and Chairman of Zhongchao Inc. (ZCMD), was issued share awards on July 21, 2026: 2,500,000 Class A ordinary shares and 200,000 Class B ordinary shares. The issuance was made to More Healthy Holdings Limited, a BVI holding company controlled by Mr. Yang, in recognition of his services to the company. No purchase price or dollar value was reported for these awards (price listed as N/A).

Key Details

• Transaction date: July 21, 2026; Form 4 filed July 22, 2026 (timely filing).
• Securities issued: 2,500,000 Class A Ordinary Shares (A) and 200,000 Class B Ordinary Shares (A).
• Price/Value: Not disclosed in the filing (listed as N/A).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Issuance recipient: More Healthy Holdings Limited — a BVI entity for which Mr. Yang has voting/dispositive power.
• Important note on share classes (from filing): Class B shares are convertible into Class A at holder’s option on a 1:1 basis; Class A are not convertible to Class B. Each Class A has 1 vote; each Class B has 1,000 votes — the Class B issuance carries substantially greater voting power per share.

Context

• This was an award/allotment (compensation/recognition), not an open-market purchase or sale, so it reflects a grant of equity rather than insider buying or selling in the market.
• The shares were issued to the insider’s holding vehicle, which the filing identifies as controlled by Mr. Yang; beneficial ownership is attributable to him.
• Because no dollar amount or price is disclosed, investors should not assume a market value from the filing alone.