Kai Shen - 18 Mar 2026 Form 3 Insider Report for Full Truck Alliance Co. Ltd. (YMM)

Role: Chief Public Affairs and Risk Officer Exhibit 24 - Power of Attorney
Signature: /s/Lin Jiang, attorney-in-fact for Kai Shen
Issuer symbol: YMM
Transactions as of: 18 Mar 2026
Net transactions value: $0
Form type: 3
Filing time: 18 Mar 2026, 07:59:17 UTC
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Shen Kai	Chief Public Affairs and Risk Officer Exhibit 24 - Power of Attorney	WANBO SCIENCE AND TECHNOLOGY PARK,, 20 FENGXIN ROAD, NANJING, CHINA	/s/Lin Jiang, attorney-in-fact for Kai Shen	18 Mar 2026	0001976516

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	YMM	American Depositary Shares						500,000	18 Mar 2026	See Footnote	F1, F2
holding	YMM	American Depositary Shares						93,777	18 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	YMM	Stock Option (Right to Buy)							18 Mar 2026	Class A ordinary shares	12,000,000	$0.000000	Direct	F3

* 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 20 Class A ordinary shares, with a par value of $0.00001 per share, of the Issuer.
F2	Represent shares directly held by Master Quality Group Limited, which the Reporting Person has dispositive power over. Master Quality Group Limited is the nominee of an employee incentive plan trust of the Issuer.
F3	This option vests and becomes exercisable as follows: 50% on June 1, 2027 and the remaining 50% on June 1, 2029, subject to the Reporting Person's continued service with the Issuer.

Remarks:

Chief Public Affairs and Risk Officer Exhibit 24 - Power of Attorney