Hesai Group announced the grant of a total of 305,832 restricted share units (RSUs), representing the same number of Class B Ordinary Shares, to two directors and 109 employees under its 2021 Plan. Of that total, 4,000 were awarded to Executive Director Ms. Yang and 7,116 to Independent Non-Executive Director Mr. Ren, with the remaining RSUs granted to 109 other employees.

According to the announcement, the per-share reference price on November 12, 2025, stood at HK$170.00 on the Hong Kong Stock Exchange and US$20.78 per ADS on Nasdaq as of the preceding trading day. Vesting periods range up to 48 months, with certain recipients following a semi-annual schedule. No performance targets apply, although a clawback mechanism is in place if an individual’s service terminates under specified conditions.

The announcement also notes that 14,704,257 Class B Ordinary Shares remain available for future grants under the plan limit. The purpose of these grants is stated as aligning employee and director interests with shareholder value and acknowledging significant contributions to the company.