Zhibao Technology CTO Yugang Wang Receives 160,000-Share Award

What Happened
Yugang Wang, Chief Technical Officer of Zhibao Technology Inc. (ZBAO), was granted 160,000 Class A ordinary shares under the company's 2026 Share Incentive Plan. The shares were issued on July 30, 2026 at $0.00 per share (par value $0.0001), for an acquisition value recorded as $0.

Key Details

• Transaction date: July 30, 2026. Transaction type: Award/Grant (code A). Price: $0.00 per share. Total shares granted: 160,000. Report filed: August 3, 2026 (filed late).
• Shares owned after transaction: 204,601 Class A ordinary shares beneficially owned in total — 160,000 held directly by Yugang Wang plus 44,601 held by ElecJoys Holdings Limited (a BVI entity wholly owned by Wang), per the filing.
• Footnote: Grant made pursuant to the Company’s 2026 Share Incentive Plan (F1). Beneficial ownership includes shares held by ElecJoys, of which Wang is the sole shareholder and thus controls voting/dispositive power (F2).
• Timeliness: The Form 4 was filed four days after the transaction date, marked late; late filings can trigger SEC scrutiny or disclosure concerns but do not by themselves change the substance of the grant.

Context

• This was a compensation-related equity award, not an open-market purchase or sale. Equity awards are common for executive compensation and do not, by themselves, indicate a buying or selling signal.
• Because the grant price is $0.00, there was no cash purchase; the filing documents issuance of shares under the incentive plan.