SCHEDULE: EHang Holdings Beneficial Ownership Update

G1 Execution Services and Susquehanna Securities report a combined 4.0% beneficial ownership of EHang Holdings' Class A Ordinary Shares.

Summary

• G1 Execution Services, LLC and Susquehanna Securities, LLC have filed an amendment to their Schedule 13G, reporting their beneficial ownership of EHang Holdings Limited's Class A Ordinary Shares.
• The reporting persons collectively beneficially own 4,457,014.00 shares, representing 4.0% of the class of securities.
• G1 Execution Services, LLC holds 1,646.00 shares with sole voting and dispositive power, and shares voting and dispositive power over 4,457,014.00 shares.
• Susquehanna Securities, LLC holds 4,455,368.00 shares with sole voting and dispositive power, and shares voting and dispositive power over 4,457,014.00 shares.
• The filing indicates that these entities are affiliated independent broker-dealers and may be deemed a group.
• Each reporting person disclaims beneficial ownership of shares owned directly by the other.
• The total number of outstanding shares as of December 31, 2025, was 111,215,614.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a neutral filing, primarily reporting changes in beneficial ownership without significant new financial or strategic information.

Positives

• The filing clarifies the beneficial ownership structure for EHang Holdings, providing transparency to investors.
• The reporting entities are registered broker-dealers, suggesting a structured and compliant approach to ownership.

Negatives

• The filing does not provide any new financial performance data or strategic updates for EHang Holdings.
• The disclosure is primarily administrative, related to ownership thresholds, rather than operational performance.

Risks

• The filing mentions that G1 Execution Services, LLC and Susquehanna Securities, LLC may be deemed a group, which could have implications for future regulatory scrutiny or reporting requirements.
• The disclaimer of beneficial ownership for shares owned directly by another reporting person could lead to complexities in understanding the true consolidated control or influence.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding EHang Holdings' future performance.

Management Comments

• Each of the reporting persons disclaims beneficial ownership of shares owned directly by another reporting person.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors and broker-dealers crossing certain ownership thresholds. This filing indicates a significant, though not controlling, stake held by affiliated broker-dealers in the advanced air mobility sector.

Stakeholder Impact

• Shareholders gain clarity on the ownership structure and the significant stake held by affiliated broker-dealers.
• Regulators will have updated information on beneficial ownership for EHang Holdings.

Next Steps

• The reporting persons will continue to monitor their beneficial ownership levels in EHang Holdings Limited.
• Further amendments to Schedule 13G will be filed if ownership levels change significantly.

Key Dates

Keywords

EHang Holdings, Schedule 13G, Beneficial Ownership, G1 Execution Services, Susquehanna Securities, Class A Ordinary Shares, Broker-Dealer