SEC FORM 3

SEC FORM 3 SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Chen Xiaohong

(Last)

(First)

(Middle)

SUITE 2202, BUILDING C, YINTAI CENTER

2 JIANGUOMENWAI AVE., CHAOYANG DISTRICT

(Street)

BEIJING

100022

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/17/2026

3. Issuer Name and Ticker or Trading Symbol
KE Holdings Inc. [ BEKE ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
American Depositary Shares⁽¹⁾	4,948,245	I	By H Capital V, L.P.⁽²⁾
American Depositary Shares⁽¹⁾	46,596	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Share Options	07/23/2021	07/23/2031	American Depositary Shares	3,655⁽³⁾	$0.00	D
Restricted Share Units	⁽⁴⁾	⁽⁴⁾	American Depositary Shares	8,750	⁽⁵⁾	D

Explanation of Responses:

1. Each American Depositary Share (ADS) represents three Class A ordinary shares of the issuer.

2. H Capital V, L.P. is a limited partnership incorporated in the Cayman Islands and wholly owned by H Capital V GP, L.P (which is wholly owned by H Capital V GP, Ltd.). Ms. CHEN is a director of H Capital V GP, Ltd. and may be deemed as the beneficial owner of these shares.

3. The Share Options are exercisable for ADSs. The number of securities underlying each option and the exercise price therefor are represented in ADSs.

4. Restricted Share Units corresponding to 8,750 ADSs (representing 26,250 Class A ordinary shares) were granted on September 2, 2025 and will vest on September 2, 2026.

5. These Restricted Share Units evidence the contingent right to receive 8,750 ADSs upon vesting.

	/s/CHEN Xiaohong	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

New insider Chen Xiaohong claimed ownership of 4,994,841 units of American Depositary Shares (SEC Form 3)