Zhihu Inc. (02390) disclosed that its issued shares remained unchanged at 254,416,106 Class A ordinary shares as of February 19, 2026, together with 15,446,778 Class B ordinary shares, bringing its total to 269,862,884 shares. Between January 2, 2026, and February 19, 2026, the company executed multiple share repurchases on the New York Stock Exchange, including transactions involving up to 99,000 shares each at prices ranging from approximately US$1.12 to US$1.27. One of these transactions occurred on February 19, 2026, with 87,648 shares repurchased at an average price of US$1.1769 per share.

A total of 29,216 ADS were also bought back on February 19, 2026, at US$3.5307 per ADS, with each ADS representing three Class A ordinary shares. Under the repurchase mandate granted on June 25, 2025—which allows for up to 26.30 million shares—2.69 million shares have been repurchased to date, equating to 1.02% of the number of issued shares when the mandate was granted. According to the disclosure, the moratorium period for the issuance of new shares or the sale or transfer of treasury shares will extend until March 21, 2026.