Fan Peng, Chief Financial Officer of Hesai Group, filed a statement of changes in beneficial ownership with the SEC on September 21, 2026, reporting a transaction dated September 19, 2026.

Key Highlights

  • Reporting person: Fan Peng serves as Chief Financial Officer of Hesai Group (NASDAQ:HSAI).
  • RSU vesting: 50,000 restricted share units vested on September 19, 2026, acquired at a price of $0, using transaction code M.
  • ADS ownership following transaction: Fan Peng directly holds 98,000 American depositary shares, with each ADS representing eight Class B ordinary shares.
  • Class B ordinary shares: Fan Peng directly holds 12,800 Class B ordinary shares following the reported transaction.
  • Remaining RSUs: 800,000 restricted share units remain beneficially owned, with 400,000 vesting on each of September 19, 2027 and September 19, 2028.
  • Stock split adjustment: Hesai Group implemented a 1-for-8 stock split of its Class B ordinary shares on July 10, 2026, and all amounts in the filing reflect that adjustment.

Hesai Group CFO Fan Peng: RSU Vesting Details and Beneficial Ownership After September 2026 Transaction

According to the filing, Fan Peng, who serves as Chief Financial Officer of Hesai Group, reported that 50,000 restricted share units vested on September 19, 2026, via transaction code M. The filing states that the restricted share units "evidence the contingent right to receive Class B ordinary shares upon vesting," and the price associated with the transaction was $0. Following this vesting event, Fan Peng directly holds 98,000 American depositary shares and 12,800 Class B ordinary shares, as disclosed in Table I of the filing.

The filing further discloses that the underlying award agreement includes 800,000 remaining restricted share units beneficially owned by Fan Peng, with 400,000 scheduled to vest on September 19, 2027, and 400,000 on September 19, 2028. The filing notes these units do not carry expiration dates. Additionally, the filing states that on July 10, 2026, Hesai Group implemented a 1-for-8 stock split of its Class B ordinary shares, and that "all amounts reported herein have been adjusted to give effect to this stock split." Each American depositary share represents eight Class B ordinary shares, according to the filing's explanatory footnotes. The foreign trading symbol listed in the filing is HKEX:2525.

What Was Disclosed

The filing reported the vesting of 50,000 restricted share units by Hesai Group's CFO on September 19, 2026, resulting in direct ownership of 98,000 ADSs and 12,800 Class B ordinary shares, with 800,000 RSUs remaining under the award agreement.