Director Li Xinzhe of Full Truck Alliance Co. Ltd. filed a Form 4 on November 2, 2026, reporting the acquisition of 23,641 restricted American Depositary Shares on November 1, 2026, at a price of $0.000 per share.

Key Highlights

  • Award granted: Li Xinzhe acquired 23,641 restricted ADSs on November 1, 2026, coded as an acquisition (A) at $0.000.
  • Vesting schedule: The restricted ADSs will vest one-fourth each on February 1, 2027, May 1, 2027, August 1, 2027, and November 1, 2027, subject to continued service.
  • Direct holdings after transaction: 23,641 ADSs held directly following the reported transaction.
  • Indirect holdings: 228,162 ADSs held indirectly through a brokerage account maintained by the issuer for its employee incentive plan.
  • ADS conversion: Each ADS represents 20 Class A ordinary shares with a par value of $0.00001 per share.

Full Truck Alliance Director Reports Restricted ADS Grant With Four-Part Vesting

According to the Form 4 filed with the SEC on November 2, 2026, Li Xinzhe, identified in the filing as a director of Full Truck Alliance Co. Ltd. (NYSE:YMM), received 23,641 restricted American Depositary Shares on November 1, 2026. The transaction was recorded with a price of $0.000 per share and a transaction code of "A," indicating an acquisition.

The filing states that the restricted ADSs "will vest one-fourth each on February 1, 2027, May 1, 2027, August 1, 2027, and November 1, 2027, respectively, subject to the Reporting Person's continued service through such dates." As a result of this transaction, Li Xinzhe directly beneficially owns 23,641 ADSs. The filing also reports 228,162 ADSs held indirectly, described as "shares held in a brokerage account maintained by the Issuer for its employee incentive plan."

The filing notes that each ADS represents 20 Class A ordinary shares of the issuer, with a par value of $0.00001 per share. The Form 4 was signed by Chen Luo as attorney-in-fact for Jennifer Xinzhe Li and dated November 2, 2026. No derivative securities transactions were reported in Table II.

What Was Disclosed

The filing disclosed a grant of 23,641 restricted ADSs to director Li Xinzhe on November 1, 2026, with a four-part annual vesting schedule running through November 1, 2027, plus 228,162 indirectly held ADSs through a company employee incentive plan brokerage account.