Huize (HUIZ) Co-CFO details large option grants and ADS ownership
Rhea-AI Filing Summary
Huize Holding Ltd’s Co-Chief Financial Officer Xiao Minghan has reported his initial insider ownership, highlighting substantial option awards and share interests. He holds options over 5,200,000 Class A common shares at an exercise price of $0.0024 per share, granted on April 22, 2024. These options vest in eight equal quarterly installments of 650,000, with six already vested and the final two scheduled on March 31, 2026 and June 30, 2026.
He also holds fully vested options over 2,200,000 Class A common shares granted on March 14, 2023, 1,600,000 granted on September 8, 2021, and 842,101 granted on June 30, 2019, all at an exercise price of $0.0024 and expiring between 2029 and 2034. In addition, he indirectly owns 3,535,613 Class A common shares through Bodyguard Holding Limited and directly owns 1,080,000 American depositary shares, where each ADS represents one hundred Class A common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Options | -- | -- | -- |
| holding | Options | -- | -- | -- |
| holding | Options | -- | -- | -- |
| holding | Options | -- | -- | -- |
| holding | Class A common shares | -- | -- | -- |
| holding | American depositary shares | -- | -- | -- |
Footnotes (1)
- Each American depositary share ("ADS") represents one hundred (100) Class A common shares of Huize Holding Limited (the "Company"), with a par value of US$0.00001 per share. The 5,200,000 options were granted to the reporting person on April 22, 2024, and are scheduled to vest in eight equal quarterly installments of 650,000 options each over a two-year period. Six out of the eight installments have already vested, and the remaining two installments will vest on March 31, 2026 and June 30, 2026, respectively. The 2,200,000 options were granted to the reporting person on March 14, 2023 and have been fully vested. The 1,600,000 options were granted to the reporting person on September 8, 2021 and have been fully vested. The 842,101 options were granted to the reporting person on June 30, 2019 and have been fully vested.
