SCHEDULE: G1 Execution, Susquehanna Disclose 6.6% EHang Stake

Sentiment:

Beneficial Ownership Disclosure 13 November 2025 5:43 PM

G1 Execution Services and Susquehanna Securities have jointly disclosed a 6.6% beneficial ownership stake in EHang Holdings Limited's Class A Ordinary Shares.

Summary

G1 Execution Services, LLC and Susquehanna Securities, LLC, acting as a group, reported beneficial ownership of 6,973,216 Class A Ordinary Shares of EHang Holdings Limited.
This aggregate ownership represents 6.6% of EHang's Class A Ordinary Shares outstanding.
The filing date for this Schedule 13G was November 13, 2025, with the event date being September 30, 2025.
G1 Execution Services, LLC holds 462 shares (231 ADSs) with sole voting and dispositive power.
Susquehanna Securities, LLC holds 6,972,754 shares, comprising options to buy 1,773,477 ADSs and 1,712,900 ADSs, with sole voting and dispositive power over these specific shares.
Each American Depositary Share (ADS) represents two Class A Ordinary Shares.
The total Class A Ordinary Shares outstanding for EHang Holdings Limited was 104,943,155 as of March 31, 2025.
The reporting persons certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: A Schedule 13G filing is a routine disclosure of passive beneficial ownership and typically has a neutral sentiment. It indicates institutional interest but no direct positive or negative operational news.

Future Outlook

Industry Context

This filing reflects a significant institutional investment in EHang Holdings Limited, a company operating in the emerging urban air mobility (UAM) and autonomous aerial vehicle (AAV) industry. Such disclosures of substantial passive stakes by broker-dealers like G1 Execution Services and Susquehanna Securities are common and indicate market interest in the company's stock, rather than a strategic move to influence company operations.

Stakeholder Impact

Shareholders: Increased transparency regarding significant institutional ownership, potentially signaling market confidence or liquidity for EHang Holdings Limited shares.

Key Dates

Date	Description
2025-03-31	Date as of which 104,943,155 Class A Ordinary Shares of EHang Holdings Limited were outstanding, as reported in the company's Form 20-F.
2025-04-15	Date EHang Holdings Limited's Annual Report on Form 20-F was filed, indicating shares outstanding.
2025-09-30	Date of event which required the filing of this Schedule 13G statement.
2025-11-13	Date the Schedule 13G statement was signed and filed by G1 Execution Services, LLC and Susquehanna Securities, LLC.

Recommendation

hold

This Schedule 13G filing is a standard disclosure of passive institutional ownership and does not contain information that would fundamentally alter the investment thesis for EHang Holdings Limited. The reported stake by G1 Execution Services and Susquehanna Securities indicates market interest but provides no new operational or financial data to warrant a change in investment recommendation. Investors should continue to hold based on the company's underlying business fundamentals and future prospects in the urban air mobility sector.

Keywords

EHang Holdings Limited, EH, Class A Ordinary Shares, Schedule 13G, Beneficial Ownership, G1 Execution Services, Susquehanna Securities, Institutional Ownership, SEC Filing

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