Qi Ji details large H World Group (HTHT) share and option holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
H World Group Ltd director Qi Ji filed an initial ownership report detailing his interests in the company’s securities. The filing lists restricted stock units covering 28,963,620 ordinary shares from a 2024 grant and 7,039,780 ordinary shares from a 2023 grant, both vesting over multiple years. It also shows stock options over 8,045,450 ordinary shares at an exercise price of $2.8000 per share expiring on May 31, 2033. In addition, Qi Ji holds 15,529,950 ordinary shares directly and 375,000 ordinary shares represented by American depositary shares directly, plus indirect interests in 701,477,540 ordinary shares and 431,270 ordinary shares represented by American depositary shares through the Ji Family Trust and related entities, over which he exercises investment control.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
JI QI
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Stock Options (right to buy) | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares (represented by American depositary shares) | -- | -- | -- |
| holding | Ordinary Shares (represented by American depositary shares) | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 28,963,620 shares (Direct);
Stock Options (right to buy) — 8,045,450 shares (Direct);
Ordinary Shares — 15,529,950 shares (Direct);
Ordinary Shares — 701,477,540 shares (Indirect, See Footnote);
Ordinary Shares (represented by American depositary shares) — 375,000 shares (Direct);
Ordinary Shares (represented by American depositary shares) — 431,270 shares (Indirect, See Footnote)
Footnotes (1)
- The ordinary shares / ordinary shares represented by American depositary shares are held by Winner Crown Holdings Limited ("Winner Crown"), a British Virgin Islands company wholly owned by Sherman Holdings Limited ("Sherman"), a Bahamas company. Sherman is owned 100% by vote and value by the Ji Family Trust, which is a revocable trust valid under the laws of the Republic of Singapore. Butterfield Trust (Asia) Limited acts as trustee of the Ji Family Trust, of which Mr. Qi Ji and his family members are the beneficiaries. Qi Ji, as the settlor of the trust, reserves the right to revoke the trust without the consent of another person and exercises investment control over the Issuer's securities held by the trust, and may be deemed to beneficially own the shares directly owned by Winner Crown. These restricted stock units were granted on January 17, 2024 and are scheduled to vest in ten installments on a yearly basis over a ten-year period ending on December 31, 2034. Each restricted stock unit represents the right to receive, upon vesting, one ordinary share. These restricted stock units were granted on May 31, 2023 in five batches, each of which is scheduled to vest in 5 installments, with 50% on the second anniversary of the vesting start date and 1/8 on the last day of each succeeding six-month period ending on May 31, 2031. These options were granted on May 31, 2023 in five batches, each of which is scheduled to vest in 25 installments, with 50% on the second anniversary of vesting start date and 1/48 on the first day of each month of the next 24 months ending on May 31, 2031. Each option represents the right to receive, upon exercise, one ordinary share.
FAQ
What does Qi Ji’s Form 3 filing for H World Group (HTHT) show?
The Form 3 reports Qi Ji’s existing holdings in H World Group, including ordinary shares, American depositary share interests, restricted stock units, and stock options. It establishes his baseline beneficial ownership as a director, rather than disclosing any new share purchases or sales.
How many restricted stock units does Qi Ji report in H World Group (HTHT)?
Qi Ji reports restricted stock units linked to 28,963,620 ordinary shares from a 2024 grant and 7,039,780 ordinary shares from a 2023 grant. Each unit converts into one ordinary share upon vesting, with vesting schedules running through 2031 and 2034 respectively.
What stock options does Qi Ji hold in H World Group (HTHT)?
Qi Ji holds stock options over 8,045,450 ordinary shares with an exercise price of $2.8000 per share. These options were granted in 2023, vest in multiple installments, and are scheduled to expire on May 31, 2033, if not exercised earlier.
What indirect H World Group (HTHT) holdings are attributed to Qi Ji?
Indirectly, 701,477,540 ordinary shares and 431,270 ordinary shares represented by American depositary shares are held via Winner Crown Holdings and the Ji Family Trust. Qi Ji, as settlor with investment control, may be deemed to beneficially own these securities under the trust structure.