Lai Jianchang Files ZTO Express Ownership Change

TL;DR

**Lai Jianchang filed a Form 4 for ZTO Express, signaling a change in ownership.**

AI Summary

This Form 4 filing, dated March 24, 2026, indicates that Lai Jianchang, a reporting person, has filed a statement of changes in beneficial ownership of securities for ZTO Express (Cayman) Inc. (CIK: 0001677250). While the filing itself doesn't detail specific transactions, it signals that Lai Jianchang's ownership stake in ZTO Express may have changed. This matters to investors because changes in ownership by key individuals like Lai Jianchang can sometimes signal their confidence (or lack thereof) in the company's future prospects, potentially influencing stock price.

Why It Matters

This filing signals a potential change in a key individual's stake in ZTO Express, which can be interpreted by the market as a vote of confidence or concern.

Risk Assessment

Risk Level: low — This filing is purely administrative and does not inherently indicate a high-risk event without transaction details.

Analyst Insight

A smart investor would monitor subsequent filings or news for specific transaction details (e.g., buy or sell) by Lai Jianchang to understand the nature and size of the ownership change, as this filing only indicates a change occurred, not what the change was.

Key Players & Entities

• Lai Jianchang (person) — Reporting Person
• ZTO Express (Cayman) Inc. (company) — Issuer
• 0001965094 (person) — CIK of Lai Jianchang
• 0001677250 (company) — CIK of ZTO Express (Cayman) Inc.

FAQ

Filing Documents

• tm269352-4_4seq1.html (4)
• tm269352-4_4seq1.xml (4) — 8KB
• 0001104659-26-033533.txt ( ) — 9KB

From the Filing

SEC FORM 4 SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5    Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).    Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. 1. Name and Address of Reporting Person * Lai Jianchang (Last) (First) (Middle) BUILDING ONE, NO. 1685 HUAZHI ROAD (Street) SHANGHAI 201708 (City) (State) (Zip) CHINA (Country) 2. Issuer Name and Ticker or Trading Symbol ZTO Express (Cayman) Inc. [ ZTO ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) VP of Overseas Operations 2a. Foreign Trading Symbol [ SEHK: 2057 ] 3. Date of Earliest Transaction (Month/Day/Year) 03/24/2026 6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person 4. If Amendment, Date of Original Filed (Month/Day/Year) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price American depositary shares (1) 03/23/2026 M 9,621 A $ 0 21,082 D Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Restricted share units (1) 03/23/2026 A 9,621 (2) (2) Class A ordinary shares 9,621 $ 0 9,621 D Restricted share units (1) 03/23/2026 M 9,621 (2) (2) Class A ordinary shares 9,621 $ 0 0 D Explanation of Responses: 1. Each represents one Class A ordinary share. 2. These restricted share units were granted on March 23, 2026 and vested in full on the same date. /s/ Jianchang Lai 03/24/2026 ** Signature of Reporting Person Date Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. * Form 4: SEC 1474 (03-26)

View Full Filing

View this 4 filing on SEC EDGAR