Cao Yu and Reporting Group Receive RSU Grants in FiEE, Inc. (FIEE) Amendment No. 7

On May 22, 2026, Cao Yu and a group of reporting persons (including Hu Bin and Li Wai Chung) filed Amendment No. 7 to their Schedule 13D for FiEE, Inc. (FIEE). The filing reports that on May 12, 2026, the Issuer's Board of Directors granted 143,561 restricted stock units (RSUs) to both Cao Yu and Li Wai Chung under the 2025 Equity Incentive Plan. These RSUs vest over three years (30% on the first and second anniversaries, and 40% on the third) subject to continued employment. Cao Yu maintains beneficial ownership of 4,615,012 shares, representing 40.6% of the class. This ownership includes 1,585,366 shares of common stock, 1,425,480 shares issuable via warrants, and 1,604,166 shares issuable upon conversion of Series A Convertible Preferred Stock. Hu Bin reports beneficial ownership of 29.5% (3,125,745 shares), while Youxin Consulting Ltd. and Li Wai Chung each report 7.2% (649,254 shares). The filing also details "Preferred Blocker" provisions that limit actual conversion of preferred stock to 19.99% of outstanding shares for certain holders.