Waterdrop (NYSE: WDH) HR VP Sun Xiaolei details share and option holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Waterdrop Inc. director and VP of Human Resources Xiaolei Sun has filed an initial ownership report detailing her equity interests in the company. The filing lists share options over 800,000 Class A ordinary shares with an exercise price of US$0.08 per share, all of which are fully vested and exercisable.
The report also describes indirect pecuniary interest in 4,200,000 Class A ordinary shares held of record by Ark Trust (Hong Kong) Limited, for which she disclaims beneficial ownership beyond that indirect interest. In addition, several restricted share unit awards are outlined, including 1,039,630 and 1,583,340 Class A ordinary shares that have fully vested from grants made on October 1, 2022 and January 1, 2023, respectively.
Further awards cover 73,730, 1,000,000 and 900,000 Class A ordinary shares from grants in 2023, 2024 and 2026, with portions already vested and the remaining shares scheduled to vest in installments between January 1, 2027 and February 1, 2030.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
SUN XIAOLEI
Role
VP of Human Resources
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Share Options (Right to Buy) | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Share Options (Right to Buy) — 800,000 shares (Direct);
Class A Ordinary Shares — 4,200,000 shares (Indirect, See Footnotes);
Class A Ordinary Shares — 1,039,630 shares (Direct)
Footnotes (1)
- Represents Ms. Xiaolei Sun's indirect pecuniary interest in 4,200,000 Class A ordinary shares held of record by Ark Trust (Hong Kong) Limited, a Hong Kong company. Ms. Xiaolei Sun disclaims beneficial ownership of the shares held by Ark Trust (Hong Kong) Limited except to the extent of any indirect pecuniary interest therein. Represents 1,039,630 Class A ordinary shares of the Issuer issued upon the vesting of the underlying restricted share unit awards. These restricted share units were granted on October 1, 2022. These restricted share units have been fully vested as of the date hereof. Represents 1,583,340 Class A ordinary shares of the Issuer issued upon the vesting of the underlying restricted share unit awards. These restricted share units were granted on January 1, 2023. These restricted share units have been fully vested as of the date hereof. Represents 73,730 Class A ordinary shares of the Issuer issued or issuable upon the vesting of the underlying restricted share unit awards. These restricted share units were granted on June 25, 2023, representing the contingent right to receive Class A ordinary shares of the Issuer. Of such restricted share units, restricted share units for 55,290 Class A ordinary shares have been vested and the remaining will vest on January 1, 2027. Represents 1,000,000 Class A ordinary shares of the Issuer issued or issuable upon the vesting of the underlying restricted share unit awards. These restricted share units were granted on April 1, 2024, representing the contingent right to receive Class A ordinary shares of the Issuer. Of such restricted share units, restricted share units for 400,000 Class A ordinary shares have been vested and the remaining will vest in installments on March 1, 2027 and March 1, 2028. Represents 900,000 Class A ordinary shares of the Issuer issuable upon the vesting of the underlying restricted share unit awards. These restricted share units were granted on February 24, 2026, representing the contingent right to receive Class A ordinary shares of the Issuer. These restricted share units shall vest in installments on February 1, 2027, February 1, 2028, February 1, 2029, and February 1, 2030. These options were granted on March 25, 2021. All options granted have been fully vested and exercisable as of the date hereof. The exercise price for these options is US$0.08 per Class A ordinary share.
FAQ
What does the Form 3 filing by Waterdrop (WDH) executive Xiaolei Sun disclose?
The Form 3 discloses Xiaolei Sun’s initial ownership in Waterdrop, including fully vested options over 800,000 Class A ordinary shares and multiple restricted share unit awards, some already vested and others scheduled to vest through 2030, plus an indirect interest in shares held by Ark Trust.
What option holdings does Waterdrop (WDH) VP Xiaolei Sun report on Form 3?
She reports share options granted March 25, 2021 over 800,000 Class A ordinary shares, with an exercise price of US$0.08 per share. The footnotes state all these options are fully vested and exercisable as of the filing date, reflecting a significant potential equity exposure.
What future vesting schedules are disclosed for Waterdrop (WDH) RSU awards to Xiaolei Sun?
The document describes RSUs tied to 73,730, 1,000,000 and 900,000 Class A ordinary shares, with portions already vested. Remaining tranches are scheduled to vest on January 1, 2027, March 1, 2027, March 1, 2028, and on February 1 of 2027, 2028, 2029 and 2030.
Is Xiaolei Sun’s Waterdrop (WDH) Form 3 filing a report of new transactions?
The Form 3 functions as an initial ownership report rather than a record of new market trades. It summarizes existing holdings, options and restricted share unit awards, including their grant dates and vesting status, giving investors a baseline view of her current and potential equity exposure.