Fion Wenjuan Zhou - 06 Mar 2026 Form 3 Insider Report for Niu Technologies (NIU)

Role
Chief Financial Officer, Director
Signature
/s/ Fion Wenjuan Zhou
Issuer symbol
NIU
Transactions as of
06 Mar 2026
Net transactions value
$0
Form type
3
Filing time
06 Mar 2026, 07:57:14 UTC
Next filing
17 Mar 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Zhou Fion Wenjuan Chief Financial Officer, Director 23F BUILDING C RONGXIN TECHNOLOGY CENTER, NO. 34 CHUANGYUAN ROAD CHAOYANG DISTRICT, BEIJING, CHINA /s/ Fion Wenjuan Zhou 06 Mar 2026 0001968457

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding NIU American depositary shares 119,284 06 Mar 2026 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding NIU Restricted share units 06 Mar 2026 Class A ordinary shares 90,000 Direct F2, F3
holding NIU Restricted share units 06 Mar 2026 Class A ordinary shares 225,000 Direct F3, F4
holding NIU Restricted share units 06 Mar 2026 Class A ordinary shares 150,000 Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each American depositary share ("ADS") represents two (2) Class A ordinary shares, with a par value of US$0.0001 per share, of Niu Technologies (the "Company").
F2 The 90,000 unvested restricted share units ("RSUs") were granted to the reporting person pursuant to the Company's 2018 Share Incentive Plan (the "2018 Plan") on March 15, 2022, and will vest on March 15, 2026.
F3 Each RSU represents the contingent right to receive one (1) Class A ordinary shares of the Company upon vesting.
F4 The 225,000 unvested RSUs were granted to the reporting person pursuant to the 2018 Plan on January 10, 2025, and will vest in three equal annual installments of 75,000 RSUs each on January 10, 2027, January 10, 2028 and January 10, 2029, respectively.
F5 The 150,000 unvested RSUs were granted to the reporting person pursuant to the 2018 Plan on January 20, 2026, and will vest in four equal annual installments of 37,500 RSUs each on January 20, 2027, January 20, 2028, January 20, 2029 and January 20, 2030, respectively.