Are there any share purchases or sales in this Phoenix New Media (FENG) Form 3?

No, the Form 3 does not show any purchases or sales. It only discloses Chi Xiaoyan’s outstanding options, including strike prices, expiration dates through 2030, and vesting structures, as required when an insider first becomes subject to reporting obligations.

Phoenix New Media SVP discloses option holdings

Phoenix New Media Ltd director and Senior Vice President Chi Xiaoyan filed an initial Form 3 showing existing stock option awards, rather than new trades.

Accepted by SEC EDGAR 03/17/2026 - 06:29 AM EDT

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

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Form Type

Rhea-AI Filing Summary

Phoenix New Media Ltd director and Senior Vice President Chi Xiaoyan filed an initial Form 3 showing existing stock option awards, rather than new trades. The filing lists four option grants over Class A Ordinary Shares, with exercise prices between $0.1925 and $0.4836 per share and expirations from 2026 through 2030. Footnotes explain that each grant vests in equal annual installments over four years starting one year after the grant date.

Insider Trade Summary

Holdings reported, no transactions

Holdings

Insider Chi Xiaoyan

Role Senior Vice President

Type	Security	Shares	Price	Value
Holding	Options (right to buy)	--	--	--
Holding	Options (right to buy)	--	--	--
Holding	Options (right to buy)	--	--	--
Holding	Options (right to buy)	--	--	--

Holdings: Options (right to buy) — 2,850,000 contracts (Direct)

Footnotes (4)

F1. The option vests in equal annual installments over four years beginning on 10/17/2017, the first anniversary of the date of grant.
F2. The option vests in equal annual installments over four years beginning on 9/14/2018, the first anniversary of the date of grant.
F3. The option vests in equal annual installments over four years beginning on 7/5/2020, the first anniversary of the date of grant.
F4. The option vests in equal annual installments over four years beginning on 7/20/2021, the first anniversary of the date of grant.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does Phoenix New Media (FENG) report in Chi Xiaoyan’s Form 3?

The Form 3 reports Chi Xiaoyan’s existing option awards in Phoenix New Media. It lists four sets of options over Class A Ordinary Shares, detailing exercise prices, expiration dates, and four-year vesting schedules that began one year after each grant date.

What option terms are disclosed for Chi Xiaoyan at Phoenix New Media (FENG)?

The filing discloses four option grants over Class A Ordinary Shares with exercise prices ranging from $0.1925 to $0.4836 and expirations between 2026 and 2030. Each grant vests in equal annual installments over four years, starting on the first anniversary of its grant date.

How do the options for Chi Xiaoyan at Phoenix New Media (FENG) vest?

Each option grant vests in equal annual installments over four years. Vesting begins on the first anniversary of the grant date, with separate schedules starting on 10/17/2017, 9/14/2018, 7/5/2020, and 7/20/2021, as described in the footnotes.

What is the significance of this Form 3 for Phoenix New Media (FENG) investors?

This Form 3 is primarily a disclosure of existing holdings, not a new transaction. It shows the scale and terms of stock options held by Senior Vice President and director Chi Xiaoyan, clarifying her incentive alignment through long-dated options with four-year vesting schedules.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Chi Xiaoyan

(Last)

(First)

(Middle)

TOWER B, POSCO CENTER

HONGTAI EAST STREET, CHAOYANG DISTRICT

(Street)

BEIJING

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)

X	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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	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)
Options (right to buy)	⁽¹⁾	10/16/2026	Class A Ordinary Shares	150,000	$0.4734	D
Options (right to buy)	⁽²⁾	09/13/2027	Class A Ordinary Shares	920,000	$0.4149	D
Options (right to buy)	⁽³⁾	07/04/2029	Class A Ordinary Shares	1,190,000	$0.4836	D
Options (right to buy)	⁽⁴⁾	07/19/2030	Class A Ordinary Shares	590,000	$0.1925	D

Explanation of Responses:

1. The option vests in equal annual installments over four years beginning on 10/17/2017, the first anniversary of the date of grant.

2. The option vests in equal annual installments over four years beginning on 9/14/2018, the first anniversary of the date of grant.

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

4. 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: Chi Xiaoyan	03/17/2026
	** 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.

Source: View Original Filing on SEC EDGAR