[SCHEDULE 13G] Hesai Group American Depositary Share, each ADS represents one Class B ordinary share SEC Filing
Filing: Schedule 13G reporting beneficial ownership in HESAI GROUP (Class B Ordinary Shares, CUSIP 428050108).
As of the event date 06/30/2025, FMR LLC reports beneficial ownership of 5,442,515 shares, representing 5.2% of the class. FMR LLC discloses sole voting power of 5,442,515 and sole dispositive power of 5,442,515. Abigail P. Johnson is separately reported with sole dispositive power of 5,442,515 and 0 sole voting power.
The filing states the holdings were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. The filing references Exhibit 99 (13d-1(k) agreement) and Exhibit 24 (Power of Attorney) and is signed on 08/05/2025.
- Material disclosure: FMR LLC reports a >5% beneficial stake (5,442,515 shares, 5.2%), a threshold that triggers public reporting requirements
- Passive designation: Filing certifies holdings were acquired and are held in the ordinary course of business and not to influence control, indicating non-activist intent
- Clear power breakdown: FMR LLC reports sole voting and sole dispositive power for 5,442,515 shares; Abigail P. Johnson reports sole dispositive power
- None.
Insights
TL;DR: FMR LLC reports a passive 5.2% stake (5,442,515 shares) in HESAI GROUP; filing states holdings are not for control.
The Schedule 13G discloses a >5% position by FMR LLC in HESAI GROUP (CUSIP 428050108), with FMR asserting sole voting and dispositive powers of 5,442,515 shares and Abigail P. Johnson claiming sole dispositive power but no voting power. The certification explicitly states the position is held in the ordinary course and not to influence control, consistent with a passive investor disclosure. The filing references Exhibit 99 and Exhibit 24 and is signed 08/05/2025.
TL;DR: Disclosure signals a material passive stake above 5% but affirms no intent to change issuer control; monitor for additional filings.
The document identifies a 5.2% beneficial holding in HESAI GROUP reported by FMR LLC and Abigail P. Johnson. The filing includes a certification that the securities are held in the ordinary course and not to influence control, which supports Schedule 13G treatment rather than 13D activism disclosure. Exhibits cited include a 13d-1(k) agreement (Exhibit 99) and a Power of Attorney (Exhibit 24). Signature date is 08/05/2025.
FAQ
How many HESAI GROUP (HSAI) Class B shares does FMR LLC report owning?
What percentage of HSAI does the reported stake represent?
When is the event date and when was the Schedule 13G signed?
Does the filing state the purpose of the acquisition (control vs. passive)?
What voting and dispositive powers are reported?
Are there other parties with rights to dividends or proceeds?
