Yuanbao Inc. COO Dana Li Receives Equity Grants and Settles RSUs

Executive Summary

On September 18, 2026, Yuanbao Inc. ($YB) filed a Form 4 disclosing several equity transactions executed on September 16, 2026, by Li Ying Dana, the company's Chief Operating Officer and Director. The filing reflects annual/periodic equity awards and standard vesting settlement rather than open-market buying or selling.

Transaction Details

1. Option Grant (Code A):

   • Derivative Security: Options (Right to Buy)
   • Underlying Shares: 150,000 Class A ordinary shares
   • Exercise Price: $2.00
   • Vesting Terms: 25% annually over four years starting September 16, 2027; expires September 16, 2036.

2. RSU Grant (Code A):

   • Derivative Security: Restricted Share Units (RSUs)
   • Amount: 240,000 RSUs (each representing one Class A ordinary share)
   • Vesting Terms: Eight tranches (30%, 15%, 15%, 10%, 10%, 10%, 5%, 5%) between September 16, 2026, and June 16, 2028.

3. RSU Vesting & ADS Delivery (Code M):

   • 72,000 RSUs (the initial 30% tranche) vested on September 16, 2026, converting into 12,000 American Depositary Shares (ADSs), where 1 ADS equals 6 Class A ordinary shares.

4. Tax Withholding (Code F):

   • Shares Withheld: 4,397 ADSs
   • Deemed Price: $12.44 per ADS
   • Total Value: $54,698.68
   • Purpose: Satisfaction of tax liabilities resulting from the RSU vesting.

Post-Transaction Holdings

Following these transactions, Li Ying Dana directly holds:

• 9,230 ADSs
• 408,000 unvested RSUs
• 150,000 stock options

Market & Trading Significance

This transaction carries Low trading significance. All reported transactions represent planned equity compensation grants, standard vesting, and automatic share withholding to cover tax obligations. There were no discretionary open-market sales or purchases.