Li-Lan Cheng - 27 May 2026 Form 4 Insider Report for Zhihu Inc. (ZH)

Reporting relationship: Director
Issuer ticker: ZH
Reported as of: 27 May 2026
Net transaction value: +$1,026
SEC form: 4
Accepted by SEC: 12 Jun 2026, 08:56:02 UTC
Prior SEC filing: 18 Mar 2026
Source filing: View source filing
Reporting owner signature: /s/ Li Lan Cheng

Key filing fact

Li-Lan Cheng filed Form 4 for Zhihu Inc. (ZH) on 12 Jun 2026.

Key facts

This page summarizes Li-Lan Cheng's Form 4 filing for Zhihu Inc. (ZH).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 12 Jun 2026, 08:56.

Change

Previous filing in this sequence was filed on 18 Mar 2026.
Current net transaction value: +$1,026.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0002114121 Primary reporting owner

Cheng Li-Lan

Relationship: Director
Address: 296 ORCHID GARDEN, 18 XINJIN ROAD,, CHAOYANG DISTRICT, BEIJING, CHINA
Signature: /s/ Li Lan Cheng
Signature date: 12 Jun 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ZH transaction

Class A ordinary shares

Award

Transaction value
Shares: +33,867
Change %
Price: $0.0100^*
Shares after: 33,867
Date: 27 May 2026
Ownership: Direct
Footnotes: F1

ZH transaction

Class A ordinary shares

Sale

Transaction value: $1,026
Shares: +360
Change %: +1.1%
Price: $2.85
Shares after: 33,507
Date: 05 Jun 2026
Ownership: Direct
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ZH transaction Derivative

Restricted Share Units

Options Exercise

Transaction value
Shares: -33,867
Change %: -25%
Price: $0.0100^*
Shares after: 101,601
Date: 27 May 2026
Ownership: Direct
Underlying class: Class A ordinary shares
Underlying amount: 33,867
Exercise price
Footnotes: F1, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Represents the vesting of 33,867 restricted share units ("RSUs") out of an original grant of 135,468 RSUs (25% of the RSUs shall vest on each of the first, second, third, and fourth anniversaries of the grant date, subject to the Reporting Person's continued service on the Board through each such vesting date).

Footnote F2

Represents the sale of 360 Class A ordinary shares solely to cover administrative costs and fees (non-tax related) in connection with the vesting of the RSUs reported herein.

Footnote F3

Each restricted share unit represents the contingent right to receive one Class A ordinary share.