Zhibao (ZBAO) Director Ma Jun William Receives 30,000-Share Award

What Happened Ma Jun William, a director of Zhibao Technology Inc. (ZBAO), was granted 30,000 Class A ordinary shares on July 30, 2026. The shares were issued at $0.00 (nominal/par issuance) pursuant to the company's 2026 Share Incentive Plan; the filing lists the transaction as an award/grant (code A). This was an issuance of shares to the insider (a grant), not an open-market purchase or a sale.

Key Details

• Transaction date: 2026-07-30; filing date: 2026-08-03 (Form 4 filed timely).
• Transaction type/code: Award/Grant (A).
• Shares issued: 30,000 Class A ordinary shares; reported price: $0.00; aggregate cash value shown: $0.
• Shares owned following the transaction: Not specified in the Form 4 filing.
• Footnote: Shares were issued pursuant to the Company’s 2026 Share Incentive Plan; par value $0.0001 per share. No vesting or restriction details provided in the filing.

Context An award/grant like this represents company-issued equity to an insider and does not involve an open-market purchase or sale. Such grants may be subject to vesting or transfer restrictions (the filing does not specify), and the $0.00 issuance price indicates this was a compensatory grant rather than a cash purchase.