Welcome to our dedicated page for Full Truck Alliance Co SEC filings (Ticker: YMM), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Full Truck Alliance Co. Ltd. (NYSE: YMM) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures as a foreign private issuer in the United States. Full Truck Alliance files annual reports on Form 20-F and current reports on Form 6-K under the Securities Exchange Act of 1934, which together offer detailed insight into its digital freight platform business, financial performance and risk factors.
In its Form 20-F, the company presents audited consolidated financial statements and extensive narrative discussion of its operations, including how it connects shippers with truckers, the structure of its freight matching services (freight listing, freight brokerage and transaction service) and its value-added services such as credit solutions, insurance services, electronic toll collection and energy services. The annual report also describes its principal operations in the People’s Republic of China and outlines key risks, governance practices and other disclosures relevant to long-term investors.
Full Truck Alliance’s Form 6-K filings typically furnish unaudited quarterly financial results and other significant updates. Recent 6-Ks have attached press releases announcing first, second and third quarter financial results, as well as changes to its freight brokerage service. These documents detail net revenues, income from operations, net income, non-GAAP adjusted metrics, fulfilled orders, average shipper monthly active users, and breakdowns of revenue from freight brokerage, freight listing, transaction service and value-added services.
Some filings also reference the company’s credit-related activities through a small loan company, including on-balance sheet loan balances and non-performing loan ratios, and describe its investments and majority interests in technology entities such as Giga.AI Technology Limited and Plus PRC Holding Ltd. These details help readers understand how credit solutions and AI-focused investments fit into the broader business.
On Stock Titan, YMM filings are updated as new documents are posted to EDGAR, and AI-powered tools summarize key points from lengthy reports like the Form 20-F and quarterly 6-K exhibits. This allows users to quickly identify important information on revenue composition, operating trends, credit exposure and strategic initiatives without reading every page of each filing, while still having direct access to the full original documents when deeper review is needed.
Full Truck Alliance Co. Ltd. director Guo Shanshan has filed an initial Form 3, which is a statement of beneficial ownership for insiders. The filing reports no purchases, sales, gifts, or other transactions, with net buy/sell activity described as neutral.
Full Truck Alliance Co. Ltd. director Li Xinzhe filed an initial statement of ownership, reporting holdings of the company’s American Depositary Shares (ADSs). Li indirectly holds 216,480 ADSs through a brokerage account maintained by the company for its employee incentive plan and directly holds 11,682 restricted ADSs. These restricted ADSs will vest in three equal parts on May 1, 2026, August 1, 2026, and November 1, 2026, subject to continued service. Each ADS represents 20 Class A ordinary shares of Full Truck Alliance.
Full Truck Alliance Co. Ltd. executive Cai Simon Chong filed an initial ownership report showing sizable equity exposure. He holds a stock option over 8,000,000 Class A ordinary shares with an exercise price of $0.0000 per share, vesting 50% on July 1, 2027 and 50% on July 1, 2029, subject to continued service. He also holds 767,980 American Depositary Shares (ADSs) directly and 400,000 ADSs indirectly through Master Quality Group Limited, which he has dispositive power over. Each ADS represents 20 Class A ordinary shares.
Full Truck Alliance Co. Ltd. officer Shen Kai filed an initial ownership report showing significant equity exposure. He holds a stock option covering 12,000,000 Class A ordinary shares at an exercise price of $0.0000 per share, vesting 50% on June 1, 2027 and 50% on June 1, 2029, contingent on continued service.
He also holds 93,777 American Depositary Shares (ADSs) directly and 500,000 ADSs indirectly through Master Quality Group Limited, which he has dispositive power over and which serves as nominee for an employee incentive plan trust. Each ADS represents 20 Class A ordinary shares.
Full Truck Alliance Co. Ltd. director and Chief Executive Officer Zhang Hui filed an initial Form 3 disclosing indirect holdings in the company’s ordinary shares. The filing reports beneficial ownership of 2,100,682,281 Class B ordinary shares and 17 Class A ordinary shares held through affiliated entities.
The Class B shares are directly held by Full Load Logistics Information Co., Ltd., a British Virgin Islands company wholly owned by Zhang Hui. The Class A shares are directly held by Master Quality Group Limited, over which Zhang Hui has dispositive power as nominee for an employee incentive plan trust.
Full Truck Alliance Co. Ltd. director Ji Weidong reported his initial ownership position in the company. He directly holds 2,576,355 American Depositary Shares, each representing 20 Class A ordinary shares. He is also attributed 782,133 Class A ordinary shares held by All-Stars SP VIII Limited through his 100% equity interest in ASCP II Limited, while disclaiming beneficial ownership beyond his pecuniary interest.
Full Truck Alliance Co. Ltd. director and president Guo Langbo filed an initial statement of holdings. He reports a stock option covering 14,000,000 Class A ordinary shares at an exercise price of $0.0000 per share, expiring on January 1, 2036. The option vests 50% on January 1, 2027 and 50% on January 1, 2029, conditioned on continued service. He also reports indirect holdings of American Depositary Shares through an employee incentive plan structure and a brokerage account maintained for the plan.
Full Truck Alliance Co. Ltd. director Ma Guizhen reported initial equity holdings. The filing shows a stock option covering 8,000,000 Class A ordinary shares at an exercise price of $0.00, vesting 50% on January 1, 2027 and 50% on January 1, 2029, subject to continued service.
Ma also holds American Depositary Shares, including 288,057 ADSs directly and additional indirect positions, such as 700,000 ADSs held by Master Quality Group Limited, the nominee of an employee incentive plan trust. Each ADS represents 20 Class A ordinary shares.
Full Truck Alliance reported solid 2025 growth with improving profitability. Full-year net revenues reached RMB12.49 billion, up 11.1% from 2024. Net income rose 42.8% to RMB4.46 billion, while non-GAAP adjusted net income increased 19.3% to RMB4.79 billion, supported by lower tax-related cost of revenues.
The platform handled over 236 million fulfilled orders and grew average shipper MAUs 18.6% year over year. 2025 free cash flow was RMB4.50 billion, and cash, equivalents and investments totaled RMB31.5 billion as of December 31, 2025. For Q1 2026, the company guides net revenues of RMB2.70–2.80 billion, or 13.9–19.0% growth excluding freight brokerage. A 2026 shareholder return plan targets about US$400 million via buybacks and dividends, including a US$0.0840 per ADS cash dividend (around US$87.5 million) for Q1 and US$52.4 million of repurchases completed by March 11, 2026.
First Beijing Investment Limited filed an amended Schedule 13G reporting its beneficial ownership in Full Truck Alliance Co. Ltd. It reports beneficial ownership of 1,532,331,360 Class A ordinary shares, which represent 76,616,568 ADSs, each ADS corresponding to 20 Class A ordinary shares.
This stake equals 8.16% of Full Truck Alliance’s Class A ordinary shares, based on 18,786,018,412 shares outstanding as of December 31, 2024. First Beijing has sole voting power over 710,304,800 shares (35,515,240 ADSs) and sole dispositive power over the full 1,532,331,360 shares, with no shared voting or dispositive power.
The filing is certified as being made on a passive investment basis, stating the securities were not acquired and are not held for the purpose or effect of changing or influencing control of Full Truck Alliance.