SEC FORM 3

SEC FORM 3SEC 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^*

Sun Shuli

(Last)

(First)

(Middle)

BUILDING 2, NO.8 BEICHEN WEST ROAD

CHAOYANG DISTRICT

(Street)

BEIJING

100101

(City)

(State)

(Zip)

CHINA

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Yuanbao Inc. [ YB ]

3a. Foreign Trading Symbol

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

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

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

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)
Class A ordinary shares	6,299,986	I	By Global Running Lion Limited⁽¹⁾

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)
Option (Right to Buy)	⁽²⁾	08/01/2030	Class A ordinary share	900,000	$0.06	D
Option (Right to Buy)	⁽³⁾	08/01/2031	Class A ordinary share	50,000	$0.15	D
Option (Right to Buy)	⁽⁴⁾	03/01/2032	Class A ordinary share	100,000	$0.2	D
Option (Right to Buy)	⁽⁵⁾	11/15/2034	Class A ordinary share	100,000	$0.35	D
Option (Right to Buy)	⁽⁶⁾	04/01/2035	Class A ordinary share	60,000	$0.4	D
Restricted Share Units	⁽⁷⁾	⁽⁷⁾	Class A ordinary share	90,000	⁽⁷⁾	D

Explanation of Responses:

1. Represents 6,299,986 Class A ordinary shares held by Global Running Lion Limited and beneficially owned by the Reporting Person.

2. The options have become fully vested and exercisable on August 1, 2024. Each Option entitles the holder to purchase one share of the Issuer's Class A ordinary share upon exercising.

3. The options have become fully vested and exercisable on August 1, 2025. Each Option entitles the holder to purchase one share of the Issuer's Class A ordinary share upon exercising.

4. The options vest in four installments of 15%, 25%, 30% and 30% of the total grant on each of March 1, 2023, March 1, 2024, March 1, 2025 and March 1, 2026, respectively. Each Option entitles the holder to purchase one share of the Issuer's Class A ordinary share upon exercising.

5. The options vest in four installments of 15%, 25%, 30% and 30% of the total grant on each of October 1, 2025, October 1, 2026, October 1, 2027 and October 1, 2028, respectively. Each Option entitles the holder to purchase one share of the Issuer's Class A ordinary share upon exercising.

6. The options vest in four installments of 15%, 25%, 30% and 30% of the total grant on each of April 1, 2026, April 1, 2027, April 1, 2028 and April 1, 2029, respectively. Each Option entitles the holder to purchase one share of the Issuer's Class A ordinary share upon exercising.

7. The RSUs vest in four installments of 15%, 25%, 30% and 30% of the total grant on each of November 20, 2026, November 20, 2027, November 20, 2028 and November 20, 2029, respectively. Each RSU represents a contingent right to receive one share of the Issuer's Class A ordinary share upon vesting.

	/s/ Sun Shuli	03/18/2026
	** 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.
* Form 3: SEC 1473 (03-26)

SEC Form 3 filed by new insider Sun Shuli