Xiaolei Sun - 17 Mar 2026 Form 3 Insider Report for Waterdrop Inc. (WDH)

Source evidence Original filing metadata and source links for verification. 3 source fields
SEC form
3
Accepted by SEC
17 Mar 2026, 21:27:06 UTC
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Xiaolei Sun

Key filing fact

Xiaolei Sun filed Form 3 for Waterdrop Inc. (WDH) on 17 Mar 2026.

Key facts

  • This page summarizes Xiaolei Sun's Form 3 filing for Waterdrop Inc. (WDH).
  • 0 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 17 Mar 2026, 21:27.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: $0.

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

Official SEC source

Ownership activity is grounded in SEC Form 3 disclosures.

View source filing

Reporting Owners (1)

CIK 0002117985 Primary reporting owner

SUN XIAOLEI

Relationship
VP of Human Resources, Director
Address
NO. 203 WANGJING LIZE ZHONGYUAN ZONE 2, CHAOYANG DISTRICT, BEIJING, CHINA
Signature
/s/ Xiaolei Sun
Signature date
17 Mar 2026

Reported non-derivative transactions

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

WDH holding

Class A Ordinary Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
4,200,000
Date
17 Mar 2026
Ownership
See Footnotes
Footnotes
F1
WDH holding

Class A Ordinary Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,039,630
Date
17 Mar 2026
Ownership
Direct
Footnotes
F2
WDH holding

Class A Ordinary Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,583,340
Date
17 Mar 2026
Ownership
Direct
Footnotes
F3
WDH holding

Class A Ordinary Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
73,730
Date
17 Mar 2026
Ownership
Direct
Footnotes
F4
WDH holding

Class A Ordinary Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,000,000
Date
17 Mar 2026
Ownership
Direct
Footnotes
F5
WDH holding

Class A Ordinary Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
900,000
Date
17 Mar 2026
Ownership
Direct
Footnotes
F6

Reported derivative securities

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

WDH holding Derivative

Share Options (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
17 Mar 2026
Ownership
Direct
Underlying class
Class A ordinary shares
Underlying amount
800,000
Exercise price
Footnotes
F7
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote F1

Represents Ms. Xiaolei Sun's indirect pecuniary interest in 4,200,000 Class A ordinary shares held of record by Ark Trust (Hong Kong) Limited, a Hong Kong company. Ms. Xiaolei Sun disclaims beneficial ownership of the shares held by Ark Trust (Hong Kong) Limited except to the extent of any indirect pecuniary interest therein.

Footnote F2

Represents 1,039,630 Class A ordinary shares of the Issuer issued upon the vesting of the underlying restricted share unit awards. These restricted share units were granted on October 1, 2022. These restricted share units have been fully vested as of the date hereof.

Footnote F3

Represents 1,583,340 Class A ordinary shares of the Issuer issued upon the vesting of the underlying restricted share unit awards. These restricted share units were granted on January 1, 2023. These restricted share units have been fully vested as of the date hereof.

Footnote F4

Represents 73,730 Class A ordinary shares of the Issuer issued or issuable upon the vesting of the underlying restricted share unit awards. These restricted share units were granted on June 25, 2023, representing the contingent right to receive Class A ordinary shares of the Issuer. Of such restricted share units, restricted share units for 55,290 Class A ordinary shares have been vested and the remaining will vest on January 1, 2027.

Footnote F5

Represents 1,000,000 Class A ordinary shares of the Issuer issued or issuable upon the vesting of the underlying restricted share unit awards. These restricted share units were granted on April 1, 2024, representing the contingent right to receive Class A ordinary shares of the Issuer. Of such restricted share units, restricted share units for 400,000 Class A ordinary shares have been vested and the remaining will vest in installments on March 1, 2027 and March 1, 2028.

Footnote F6

Represents 900,000 Class A ordinary shares of the Issuer issuable upon the vesting of the underlying restricted share unit awards. These restricted share units were granted on February 24, 2026, representing the contingent right to receive Class A ordinary shares of the Issuer. These restricted share units shall vest in installments on February 1, 2027, February 1, 2028, February 1, 2029, and February 1, 2030.

Footnote F7

These options were granted on March 25, 2021. All options granted have been fully vested and exercisable as of the date hereof. The exercise price for these options is US$0.08 per Class A ordinary share.

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