Peng Shen - 16 Mar 2026 Form 3 Insider Report for Waterdrop Inc. (WDH)

Role: CEO, Director, 10%+ Owner
Signature: /s/ Peng Shen
Issuer symbol: WDH
Transactions as of: 16 Mar 2026
Net transactions value: $0
Form type: 3
Filing time: 16 Mar 2026, 07:44:25 UTC
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Shen Peng	CEO, Director, 10%+ Owner	NO. 203 WANGJING LIZE ZHONGYUAN ZONE 2, CHAOYANG DISTRICT, BEIJING, CHINA	/s/ Peng Shen	16 Mar 2026	0001908272

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	WDH	Class A Ordinary Shares						4,000	16 Mar 2026	See Footnote	F1
holding	WDH	Class B Ordinary Shares						801,904,979	16 Mar 2026	See Footnote	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents 4,000 Class A ordinary shares held of record by First Principles Z Holdings Limited, a British Virgin Islands company. Mr. Shen is the sole director of First Principles Z Holdings Limited and has the sole power to vote and dispose of the securities held by such entity.
F2	Represents 801,904,979 Class B ordinary shares held of record by Neptune Max Holdings Limited, a British Virgin Islands company. Mr. Shen serves as the sole director of Neptune Max Holdings Limited and has the sole power to vote and dispose of the securities held by such entity. Mr. Shen is deemed to beneficially own Neptune Max Holdings Limited through a family trust that he set up.