Zhibao Technology (ZBAO) COO Le Xiaowei Receives 300,000-Share Award

What Happened
Le Xiaowei, Chief Operating Officer of Zhibao Technology Inc. (ZBAO), was issued 300,000 Class A ordinary shares as an award under the company's 2026 Share Incentive Plan. The Form 4 reports an acquisition price of $0.00, reflecting a grant/award rather than a purchase; total reported cash paid = $0.

Key Details

• Transaction date: July 30, 2026; filing date (Form 4): August 3, 2026 — filed within the usual two-business-day window.
• Transaction type/code: Award/Grant (A).
• Shares issued: 300,000 Class A ordinary shares, par value $0.0001. Acquisition price reported: $0.00.
• Shares owned after transaction: Not specified in the provided extract.
• Footnote: Shares were issued pursuant to the Company’s 2026 Share Incentive Plan (per footnote F1).
• No indication in this filing of a 10b5-1 plan, tax withholding sale, or immediate disposition.

Context
This is an executive equity award (compensation/incentive), not an open-market purchase or sale. Such grants are commonly used for retention or performance incentives and may be subject to vesting or other restrictions; the filing does not detail vesting terms or restrictions. Awards do not by themselves indicate insider buying or selling sentiment.