EHang (EH) COO Wang Zhao reports indirect shares and 1.33M RSUs

Rhea-AI Filing Summary

EHang Holdings Ltd executive Wang Zhao, the Chief Operating Officer, has reported his initial beneficial ownership of the company’s Class A Ordinary Shares. He indirectly holds 742,500 Class A Ordinary Shares through Caland Tech Limited, a British Virgin Islands company.

He also has 1,327,500 restricted share units (RSUs) directly, each representing a right to receive one Class A Ordinary Share upon settlement. Of these RSUs, 1,000,000 are scheduled to vest in two years, 127,500 in three years and 200,000 in four years, subject to his continued service. The filing notes that the Class A Ordinary Shares may be represented by ADSs, with each ADS equal to two Class A Ordinary Shares.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Wang Zhao

Role Chief Operating Officer

Type	Security	Shares	Price	Value
holding	Class A Ordinary Shares	--	--	--
holding	Class A Ordinary Shares	--	--	--

Holdings After Transaction: Class A Ordinary Shares — 742,500 shares (Indirect, Shares are held by Caland Tech Limited, a British Virgin Islands company that is wholly owned by); Class A Ordinary Shares — 1,327,500 shares (Direct)

Footnotes (1)

1. The Class A Ordinary Shares of the Issuer may be represented by American Depositary Shares ("ADSs"). Each ADS represents two Class A Ordinary Shares. Includes 1,327,500 restricted share units (the "RSUs"). Each RSU represents a contingent right to receive one Class A Ordinary Share of the Issuer upon settlement. 1,000,000 RSUs will vest in two years; 127,500 RSUs will vest in three years and 200,000 RSUs will vest in four years, in each case subject to the Reporting Person's continued service to the Issuer on each such vesting date.

Key Figures

Indirect Class A Ordinary Shares: 742,500 shares Restricted Share Units (RSUs): 1,327,500 units Two-year RSU vesting tranche: 1,000,000 RSUs +3 more

6 metrics

Indirect Class A Ordinary Shares 742,500 shares Held via Caland Tech Limited as of Form 3 date

Restricted Share Units (RSUs) 1,327,500 units Each RSU represents one Class A Ordinary Share

Two-year RSU vesting tranche 1,000,000 RSUs Scheduled to vest in two years, subject to continued service

Three-year RSU vesting tranche 127,500 RSUs Scheduled to vest in three years, subject to continued service

Four-year RSU vesting tranche 200,000 RSUs Scheduled to vest in four years, subject to continued service

ADS to share ratio 1 ADS = 2 Class A Ordinary Shares Relationship between ADSs and Class A Ordinary Shares

Key Terms

American Depositary Shares, restricted share units, contingent right, vesting, +1 more

5 terms

American Depositary Shares financial

"The Class A Ordinary Shares of the Issuer may be represented by American Depositary Shares ("ADSs")."

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

restricted share units financial

"Includes 1,327,500 restricted share units (the "RSUs")."

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

contingent right financial

"Each RSU represents a contingent right to receive one Class A Ordinary Share of the Issuer upon settlement."

vesting financial

"1,000,000 RSUs will vest in two years; 127,500 RSUs will vest in three years and 200,000 RSUs will vest in four years"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

beneficial ownership financial

"Includes 1,327,500 restricted share units (the "RSUs"). Each RSU represents a contingent right to receive one Class A Ordinary Share"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Wang Zhao

(Last) (First) (Middle)

C/O EHANG HOLDINGS LTD, EHANG FUTURE

CITY, NO. 118 DONGJIANG AVENUE

(Street)

HUANGPU DISTRICT, GUANGZHOU CHINA 510730

(City) (State) (Zip)

CHINA

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
04/01/2026

3. Issuer Name and Ticker or Trading Symbol
EHang Holdings Ltd [ EH ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operating Officer

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Ordinary Shares(1)	742,500	I	Shares are held by Caland Tech Limited, a British Virgin Islands company that is wholly owned by
Class A Ordinary Shares(1)	1,327,500(2)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The Class A Ordinary Shares of the Issuer may be represented by American Depositary Shares ("ADSs"). Each ADS represents two Class A Ordinary Shares.

2. Includes 1,327,500 restricted share units (the "RSUs"). Each RSU represents a contingent right to receive one Class A Ordinary Share of the Issuer upon settlement. 1,000,000 RSUs will vest in two years; 127,500 RSUs will vest in three years and 200,000 RSUs will vest in four years, in each case subject to the Reporting Person's continued service to the Issuer on each such vesting date.

	/s/ ZHAO WANG	04/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does Wang Zhao’s Form 3 filing for EHang Holdings (EH) disclose?

The Form 3 shows Chief Operating Officer Wang Zhao’s initial beneficial ownership in EHang. It reports indirect holdings of 742,500 Class A Ordinary Shares via Caland Tech Limited, plus 1,327,500 restricted share units that convert into Class A Ordinary Shares upon vesting and settlement.

How many EHang (EH) shares does Wang Zhao hold indirectly and through which entity?

Wang Zhao indirectly holds 742,500 Class A Ordinary Shares of EHang. These shares are held through Caland Tech Limited, a British Virgin Islands company. The filing explains that this entity is wholly owned in connection with his beneficial ownership position in the issuer’s equity.

What restricted share units (RSUs) are reported for Wang Zhao in EHang (EH)?

The filing reports 1,327,500 restricted share units (RSUs) for Wang Zhao. Each RSU represents a contingent right to receive one Class A Ordinary Share upon settlement, meaning these units may convert into ordinary shares over time as vesting conditions are satisfied.

What is the vesting schedule of Wang Zhao’s RSUs in EHang (EH)?

The RSUs vest in stages tied to continued service. 1,000,000 RSUs vest in two years, 127,500 RSUs vest in three years, and 200,000 RSUs vest in four years. Vesting requires Wang Zhao to remain in service with the company on each vesting date.

How are EHang (EH) Class A Ordinary Shares related to its American Depositary Shares (ADSs)?

The filing states that EHang’s Class A Ordinary Shares may be represented by American Depositary Shares (ADSs). Each ADS represents two Class A Ordinary Shares, providing a clear ratio for investors comparing holdings in ADS form versus ordinary share form.

Does this EHang (EH) Form 3 show any recent share purchases or sales by Wang Zhao?

The Form 3 functions as an initial ownership report rather than a trade notice. It lists Wang Zhao’s beneficial holdings, both indirect shares and RSUs, but does not identify any specific buy or sell transactions in the reported data from this filing.