Phoenix New Media (NYSE: FENG) CFO discloses multi-year option awards

Rhea-AI Filing Summary

Phoenix New Media Ltd disclosed the derivative equity holdings of its Chief Financial Officer, Edward J. Lu, in a Form 3. He holds options to buy 1,690,000 Class A Ordinary Shares at an exercise price of $0.4836 expiring on July 4, 2029, and options to buy 580,000 Class A Ordinary Shares at $0.1925 expiring on July 19, 2030. The footnotes state these options vest in equal annual installments over four years starting on July 5, 2020 and July 20, 2021, respectively.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Lu Edward J

(Last) (First) (Middle)

TOWER B, POSCO CENTER

HONGTAI EAST STREET, CHAOYANG DISTRICT

(Street)

BEIJING CHINA

(City) (State) (Zip)

CHINA

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/26/2026

3. Issuer Name and Ticker or Trading Symbol
Phoenix New Media Ltd [ FENG ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Options (right to buy)	(1)	07/04/2029	Class A Ordinary Shares	1,690,000	$0.4836	D
Options (right to buy)	(2)	07/19/2030	Class A Ordinary Shares	580,000	$0.1925	D

Explanation of Responses:

1. The option vests in equal annual installments over four years beginning on 7/5/2020, the first anniversary of the date of grant.

2. The option vests in equal annual installments over four years beginning on 7/20/2021, the first anniversary of the date of grant.

Remarks:

Exhibit 24 Power of Attorney.

	/s/ Yao Wang, Power of Attorney for: Lu Edward J	03/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does Phoenix New Media (FENG) disclose about Edward J. Lu in this Form 3?

The filing shows CFO Edward J. Lu’s option holdings in Phoenix New Media. It reports two option grants over Class A Ordinary Shares, including exercise prices, expiration dates, and four-year vesting schedules starting in 2020 and 2021, establishing his initial reportable derivative position.

How many Phoenix New Media (FENG) shares can the CFO acquire through options?

The CFO holds options over 1,690,000 and 580,000 Class A Ordinary Shares. These options give him the right to buy shares at preset prices if and when they are exercised, subject to the vesting conditions described in the footnotes.

What are the exercise prices of Edward J. Lu’s Phoenix New Media (FENG) options?

One option grant is exercisable at $0.4836 per share, and the other at $0.1925 per share. Each applies to Class A Ordinary Shares and remains subject to the specific vesting and expiration terms disclosed in the Form 3.

When do the Phoenix New Media (FENG) CFO’s option grants expire?

The first option grant expires on July 4, 2029, while the second expires on July 19, 2030. These dates limit how long the CFO may exercise his rights to buy Class A Ordinary Shares under the respective option awards.

How do the Phoenix New Media (FENG) CFO’s options vest according to the Form 3?

Each option grant vests in equal annual installments over four years. One begins vesting on July 5, 2020, and the other on July 20, 2021, with each anniversary unlocking an additional portion of the total option award.