iQIYI (NASDAQ: IQ) CCO reports multiple option grants in Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
iQIYI, Inc. filed a Form 3 showing the initial beneficial ownership of its Chief Content Officer, Wang Xiaohui. The filing lists multiple option positions to buy Class A ordinary shares, with exercise prices of $0.5119 or $0.0000 per share and expiration dates ranging from 2026 through 2035. Several option grants are fully vested, while later grants vest over four years, typically with 25% vesting on the first anniversary and the remainder in 12 quarterly installments. The filing also reports indirect ownership of 259,000 Class A ordinary shares held in the form of American depositary shares by Qing Apple Ventures Limited.
Positive
- None.
Negative
- None.
Insider Trade Summary
13 transactions reported
Mixed
13 txns
Insider
Wang Xiaohui
Role
Chief Content Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Option (right to buy) | -- | -- | -- |
| holding | Option (right to buy) | -- | -- | -- |
| holding | Option (right to buy) | -- | -- | -- |
| holding | Option (right to buy) | -- | -- | -- |
| holding | Option (right to buy) | -- | -- | -- |
| holding | Option (right to buy) | -- | -- | -- |
| holding | Option (right to buy) | -- | -- | -- |
| holding | Option (right to buy) | -- | -- | -- |
| holding | Option (right to buy) | -- | -- | -- |
| holding | Option (right to buy) | -- | -- | -- |
| holding | Option (right to buy) | -- | -- | -- |
| holding | Option (right to buy) | -- | -- | -- |
| holding | Class A ordinary share | -- | -- | -- |
Holdings After Transaction:
Option (right to buy) — 2 shares (Direct);
Class A ordinary share — 259,000 shares (Indirect, By Qing Apple Ventures Limited)
Footnotes (1)
- The Class A ordinary shares are held in the form of American depositar shares, each representing seven Class A ordinary shares. The options have fully vested over a four-year period, with 25% vested on the 1st anniversary of 08/05/2016, and the remaining 75% vested in 12 equal quarterly installments beginning one calendar quarter after the date of the aforesaid anniversary. The options have fully vested over a four-year period, with 25% vested on the 1st anniversary of 02/14/2017, and the remaining 75% vested in 12 equal quarterly installments beginning one calendar quarter after the date of the aforesaid anniversary. The options have fully vested over a four-year period, with 25% vested on the 1st anniversary of 02/28/2018, and the remaining 75% vested in 12 equal quarterly installments beginning one calendar quarter after the date of the aforesaid anniversary. The options have fully vested over a four-year period, with 25% vested on the 1st anniversary of 06/22/2019, and the remaining 75% vested in 12 equal quarterly installments beginning one calendar quarter after the date of the aforesaid anniversary. The options have fully vested over a four-year period, with 25% vested on the 1st anniversary of 03/11/2022, and the remaining 75% vesting in 12 equal quarterly installments beginning one calendar quarter after the date of the aforesaid anniversary. The options vest over a four-year period, with 25% vested on the 1st anniversary of 06/03/2023, and the remaining 75% vesting in 12 equal quarterly installments beginning one calendar quarter after the date of the aforesaid anniversary. The options vest over a four-year period, with 25% vested on the 1st anniversary of 04/29/2024, and the remaining 75% vesting in 12 equal quarterly installments beginning one calendar quarter after the date of the aforesaid anniversary. The options vest over a four-year period, with 25% vesting on the 1st anniversary of 04/12/2025, and the remaining 75% vesting in 12 equal quarterly installments beginning one calendar quarter after the date of the aforesaid anniversary. The options vest over a four-year period, with 25% vesting on each of the 1st, 2nd, 3rd and 4th anniversary of 03/11/2022. The options vest over a four-year period, with 25% vesting on each of the 1st, 2nd, 3rd and 4th anniversary of 06/03/2023. The options vest over a four-year period, with 25% vesting on each of the 1st, 2nd, 3rd and 4th anniversary of 04/29/2024. The options vest over a four-year period, with 25% vesting on each of the 1st, 2nd, 3rd and 4th anniversary of 04/12/2025.
FAQ
What does the iQIYI (IQ) Form 3 for Wang Xiaohui disclose?
The Form 3 for Wang Xiaohui, iQIYI’s Chief Content Officer, discloses his initial beneficial ownership. It lists multiple option grants over Class A ordinary shares and an indirect holding of 259,000 shares through Qing Apple Ventures Limited in American depositary share form.
What option positions are reported for Wang Xiaohui in iQIYI (IQ)’s Form 3?
The filing reports several options to buy iQIYI Class A ordinary shares, including blocks over 7,500,000, 4,410,000, and 2,800,000 underlying shares. These options have exercise prices of $0.5119 or $0.0000 and expire between 2026 and 2035.
What are the vesting terms of the iQIYI (IQ) options held by Wang Xiaohui?
The options generally vest over four years. Many fully vested grants had 25% vest on the first anniversary of the grant date, with the remaining 75% vesting in 12 equal quarterly installments, or in four annual 25% tranches, as detailed in the footnotes.