SCHEDULE: FMR LLC Discloses 4.2% Stake in Hesai Group

FMR LLC and Abigail P. Johnson have reported beneficial ownership of 5,453,873.54 shares, representing 4.2% of Hesai Group's Class B Common Stock as of March 31, 2026.

Summary

• FMR LLC and Abigail P. Johnson have filed a Schedule 13G, indicating their beneficial ownership of Hesai Group's Class B Common Stock.
• As of March 31, 2026, the total number of shares beneficially owned is 5,453,873.54.
• This holding represents 4.2% of the total class of securities.
• FMR LLC, organized in Delaware, is classified as an investment adviser (IA).
• Abigail P. Johnson is a Director, Chairman, and CEO of FMR LLC, and members of the Johnson family are predominant owners of FMR LLC's voting common shares.
• A shareholders' voting agreement among Series B voting common shareholders of FMR LLC dictates that shares will be voted in accordance with the majority vote of these shares.
• The filing covers securities beneficially owned by FMR LLC, certain subsidiaries, affiliates, and other companies collectively referred to as the 'FMR Reporters'.
• The filing does not include securities beneficially owned by certain other companies whose ownership is disaggregated from the FMR Reporters.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it is a routine disclosure of beneficial ownership and does not provide new operational or financial information about Hesai Group.

Positives

• FMR LLC, a significant investment management firm, has disclosed a substantial stake in Hesai Group, which could be interpreted as a positive signal of institutional confidence.
• The reporting is conducted in accordance with SEC regulations, ensuring transparency for investors.

Negatives

• The filing does not contain any information that would be considered negative in terms of company performance or outlook, as it is a disclosure of ownership.

Risks

• The Johnson family group and other Series B shareholders of FMR LLC have a shareholders' voting agreement, which could lead to concentrated voting power and influence over FMR LLC's decisions.
• While not a direct risk to Hesai Group, the structure of FMR LLC's ownership and voting agreements could influence FMR's investment strategies and decisions regarding Hesai Group.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Hesai Group's future performance.

Management Comments

• FMR LLC and Abigail P. Johnson may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR LLC due to their ownership of voting common shares and the shareholders' voting agreement.
• The filing reflects securities beneficially owned, or that may be deemed to be beneficially owned, by FMR LLC, certain of its subsidiaries and affiliates, and other companies (collectively, the 'FMR Reporters').

Industry Context

StockSavvy.ai notes that this Schedule 13G filing by FMR LLC, a major institutional investor, indicates a significant passive stake in Hesai Group. Such filings are common for large asset managers accumulating positions in publicly traded companies and provide insight into institutional investor interest.

Stakeholder Impact

• Shareholders: Increased visibility of institutional ownership by FMR LLC, potentially influencing market perception and trading activity.
• Hesai Group Management: Awareness of a significant passive stake held by a major financial institution.
• Regulators: Compliance with SEC reporting requirements ensures market transparency.

Next Steps

• FMR LLC and Abigail P. Johnson will continue to hold and potentially adjust their beneficial ownership of Hesai Group's Class B Common Stock.
• Future filings will be made if ownership levels change significantly according to SEC regulations.

Key Dates

Keywords

Hesai Group, FMR LLC, Schedule 13G, Class B Common Stock, Beneficial Ownership, SEC Filing, Investment Management, Abigail P. Johnson, Ownership Disclosure