Phoenix New Media (FENG) senior VP discloses sizeable stock option awards

Rhea-AI Filing Summary

Phoenix New Media Ltd senior vice president Liu Chun filed an initial ownership report showing existing stock option holdings. The filing lists options to buy 2,330,000 Class A ordinary shares at an exercise price of $0.4836 per share expiring on July 4, 2029, and options to buy 290,000 Class A ordinary shares at $0.1925 per share expiring on July 19, 2030. According to the footnotes, each option grant vests in equal annual installments over four years starting on the first anniversary of its grant date. The report does not reflect new open‑market purchases or sales but documents derivative positions already awarded as compensation.

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^*

Liu Chun

(Last) (First) (Middle)

TOWER B, POSCO CENTER

HONGTAI EAST STREET, CHAOYANG DISTRICT

(Street)

BEIJING F4 100102

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/17/2026

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Senior Vice President

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

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	2,330,000	$0.4836	D
Options (right to buy)	(2)	07/19/2030	Class A Ordinary Shares	290,000	$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: Liu Chun	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What does Phoenix New Media (FENG) senior VP Liu Chun report in this Form 3?

Liu Chun reports existing holdings of stock options in Phoenix New Media. The filing lists two option grants over Class A ordinary shares, detailing exercise prices, expiration dates, and vesting schedules, but shows no new open-market share purchases or sales.

How many Phoenix New Media (FENG) shares are covered by Liu Chun’s reported options?

The Form 3 shows options over 2,330,000 Class A ordinary shares at $0.4836 and 290,000 Class A ordinary shares at $0.1925. These figures describe the underlying shares tied to existing option awards reported as of the filing date.

What are the exercise prices and expirations of Liu Chun’s FENG stock options?

One option grant has an exercise price of $0.4836 per share and expires on July 4, 2029. The other has an exercise price of $0.1925 per share and expires on July 19, 2030, both referencing Class A ordinary shares.

How do Liu Chun’s Phoenix New Media (FENG) options vest?

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, which are the first anniversaries of their respective grant dates, according to the footnotes.

Does this Phoenix New Media (FENG) Form 3 show insider buying or selling?

The Form 3 does not show insider buying or selling in the market. It records existing option awards and their terms, with transaction data categorized as holdings and no reported open-market purchases or sales in the summarized counts.