6-K - Hesai Group | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

Hesai Group granted 785,356 RSUs representing Class B Ordinary Shares to four directors and 70 employees on March 25, 2026, under the 2021 Plan to incentivize performance, retain talent, and align interests with shareholders. The company entered a Supply of Products Framework Agreement with connected person Sharpa to supply LiDAR products and robotic actuators from March 25 to December 31, 2026, with an annual cap of RMB100 million.

Key Takeaways

1Granted 785,356 RSUs on March 25, 2026: 157,000 each to Dr. Yifan Li, Dr. Kai Sun, Mr. Shaoqing Xiang; 6,565 to Dr. Hui Wang; 307,791 to 70 employees.

2Director RSUs to Dr. Li, Dr. Sun, Mr. Xiang vest over 48 months in four equal portions; Dr. Wang's vest over three years in three portions.

3No performance targets for grants; subject to clawback and forfeiture provisions.

4Supply of Products Framework Agreement dated March 25, 2026, between Hesai and Sharpa for LiDAR products and robotic actuators.

5Framework term: March 25, 2026 to December 31, 2026; annual cap RMB100 million; pricing on normal commercial terms or cost-plus basis.

6Sharpa is a connected person as Co-Founders hold majority voting rights; transactions exempt from independent shareholder approval.

Current Report Details

Event Type

Securities Issuance

Disclosure

Voluntary

Variant

6-K

Items Reported

6-K

Current Report on Form 6-K

Securities Issuance

Transaction Details

Material Agreement

Agreement: Supply of Products Framework Agreement
Parties: Hesai, Sharpa

•Supply LiDAR products and robotic actuators with manufacturing and support services
•Term from March 25, 2026 to December 31, 2026
•Annual cap RMB100 million for year ending December 31, 2026
•Pricing via arm's length negotiations: market price for LiDAR, cost-plus for actuators and services

Exhibits (3)

6-K

FORM 6-K

99.1

EXHIBIT 99.1

99.2

EXHIBIT 99.2