Jianpu Technology (AIJTY) grants CFO 1M options at $0.01 strike
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Jianpu Technology Inc. reported that Chief Financial Officer Amy Zhang received a grant of options to buy 1,000,000 Class A ordinary shares at an exercise price of $0.01 per share. These options were granted under the 2017 Share Incentive Plan, with 25% vesting on April 1, 2027 and the remaining 75% vesting in 12 equal quarterly installments, subject to continued service, and expiring on May 14, 2036.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Zhang Xun (Amy)
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Options (right to buy) | 1,000,000 | $0.00 | -- |
Holdings After Transaction:
Options (right to buy) — 1,000,000 shares (Direct, null)
Footnotes (1)
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Key Figures
Option grant size: 1,000,000 options
Exercise price: $0.01 per share
Underlying shares: 1,000,000 Class A shares
+4 more
7 metrics
Option grant size
1,000,000 options
Granted on May 15, 2026 to CFO
Exercise price
$0.01 per share
Conversion or exercise price of options
Underlying shares
1,000,000 Class A shares
Underlying security for the option award
Initial vesting
25% of options
Vest on April 1, 2027, subject to continued service
Remaining vesting
75% of options
Vest in 12 equal quarterly installments after April 1, 2027
Expiration date
May 14, 2036
Option award expiration
Post-grant option holdings
1,000,000 options
Total options held following this transaction
Key Terms
Options (right to buy), Class A ordinary shares, 2017 Share Incentive Plan, vesting
4 terms
Options (right to buy) financial
"Security title is listed as "Options (right to buy)" for this grant"
vesting financial
"25% of these options will vest on April 1, 2027, and the remaining 75% shall vest"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transaction did Jianpu Technology (AIJTY) disclose for the CFO?
Jianpu Technology disclosed that CFO Amy Zhang received a grant of options for 1,000,000 Class A ordinary shares. The options have a nominal exercise price and long-dated expiry, reflecting equity-based compensation under the company’s 2017 Share Incentive Plan rather than an open-market share purchase.
What is the exercise price of the Jianpu Technology (AIJTY) CFO’s stock options?
The options granted to Jianpu Technology’s CFO have an exercise price of $0.01 per Class A ordinary share. This very low strike price means that, once vested, the options could be valuable if the company’s share price is above that level when exercised.
When do the Jianpu Technology (AIJTY) CFO’s options start vesting and over what schedule?
Twenty-five percent of the CFO’s options will vest on April 1, 2027. The remaining 75% will then vest in 12 equal quarterly installments, contingent on her continued service with the company through each applicable vesting date as outlined in the award terms.
When do the Jianpu Technology (AIJTY) CFO’s stock options expire?
The options granted to Jianpu Technology’s CFO are scheduled to expire on May 14, 2036. After this expiration date, any unexercised options will lapse, so value realization depends on vesting, continued service, and exercising before that long-dated deadline.
Under which plan were the Jianpu Technology (AIJTY) CFO’s options granted?
The CFO’s stock options were granted pursuant to Jianpu Technology’s 2017 Share Incentive Plan. This plan governs the terms of equity awards, including vesting schedules, exercise prices, and expiration dates for employees and executives receiving share-based compensation.