Gong Yu details major iQIYI (IQ) option grants and share stakes

Rhea-AI Filing Summary

iQIYI, Inc. director and Chief Executive Officer Gong Yu has filed a Form 3 to disclose his existing equity interests in the company. The filing lists multiple option grants over iQIYI Class A ordinary shares, including options over 22,415,024 underlying shares at an exercise price of 0.2500 per share and additional grants at 0.2964 and 0.5119 per share, with expirations ranging from 2030 to 2035. Footnotes explain that many of these options have fully vested under four-year schedules, while newer grants continue to vest over four years, typically with 25% vesting on the first anniversary and the remainder in equal quarterly or annual installments. The filing also shows indirect ownership of 8,186,889 Class A ordinary shares through Cannes Ventures Limited.

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^*

Gong Yu

(Last) (First) (Middle)

4F, IQIYI YOUTH CENTER, YOOLEE PLAZA

NO.21 NORTH ROAD OF WORKERS' STADIUM

(Street)

BEIJING F4 100027

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/16/2026

3. Issuer Name and Ticker or Trading Symbol
iQIYI, Inc. [ IQ ]

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

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)
Class A ordinary shares	8,186,889	I	By Cannes Ventures Limited

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
Option (right to buy)	(1)	10/18/2030	Class A ordinary share	22,415,024	$0.25	D
Option (right to buy)	(2)	10/18/2030	Class A ordinary share	9,812,579	$0.2964	D
Option (right to buy)	(3)	10/18/2030	Class A ordinary share	8,546,867	$0.5119	D
Option (right to buy)	(4)	10/18/2030	Class A ordinary share	8,546,867	$0.5119	D
Option (right to buy)	(5)	10/18/2030	Class A ordinary share	10,256,247	$0.5119	D
Option (right to buy)	(6)	10/18/2030	Class A ordinary share	25,070,825	$0.5119	D
Option (right to buy)	(7)	10/18/2030	Class A ordinary share	18,233,327	$0.5119	D
Option (right to buy)	(8)	10/18/2030	Class A ordinary share	18,233,327	$0.5119	D
Option (right to buy)	(9)	10/18/2030	Class A ordinary share	18,233,327	$0.5119	D
Option (right to buy)	(10)	03/11/2032	Class A ordinary share	4,410,000	$0.5119	D
Option (right to buy)	(11)	06/03/2033	Class A ordinary share	2,730,000	$0.5119	D
Option (right to buy)	(12)	04/29/2034	Class A ordinary share	182,000	$0.5119	D
Option (right to buy)	(13)	04/12/2035	Class A ordinary share	420,000	$0.5119	D
Option (right to buy)	(14)	03/11/2032	Class A ordinary share	2,310,000	$0	D
Option (right to buy)	(15)	06/03/2033	Class A ordinary share	3,500,000	$0	D
Option (right to buy)	(16)	04/29/2034	Class A ordinary share	2,800,000	$0	D
Option (right to buy)	(17)	04/12/2035	Class A ordinary share	2,450,000	$0	D

Explanation of Responses:

1. The options have fully vested over a four-year period, with 25% vested on the 1st anniversary of 10/18/2010, and the remaining 75% vested in 12 equal quarterly installments beginning one calendar quarter after the date of the aforesaid anniversary.

2. The options have fully vested over a four-year period, with 25% vested on the 1st anniversary of 12/15/2014, and the remaining 75% vested in 12 equal quarterly installments beginning one calendar quarter after the date of the aforesaid anniversary.

3. The options have fully vested over a four-year period, with 25% vested on the 1st anniversary of 12/15/2014, and the remaining 75% vested in 12 equal quarterly installments beginning one calendar quarter after the date of the aforesaid anniversary.

4. The options have fully vested over a four-year period, with 25% vested on the 1st anniversary of 02/23/2015, and the remaining 75% vested in 12 equal quarterly installments beginning one calendar quarter after the date of the aforesaid anniversary.

5. 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.

6. 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.

7. 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.

8. 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.

9. The options have fully vested over a four-year period, with 25% vested on the 1st anniversary of 04/01/2021, and the remaining 75% vested in 12 equal quarterly installments beginning one calendar quarter after the date of the aforesaid anniversary.

10. 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.

11. 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.

12. 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.

13. 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.

14. 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.

15. 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.

16. 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.

17. 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.

	/s/ Gong Yu	03/16/2026
	** 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.

FAQ

What does Gong Yu’s Form 3 for iQIYI (IQ) disclose?

The Form 3 discloses Gong Yu’s existing equity interests in iQIYI, Inc., including multiple option grants over Class A ordinary shares and indirect share ownership. It is an initial ownership report, not a record of recent share purchases or sales.

What option positions does Gong Yu hold in iQIYI (IQ) according to this filing?

Gong Yu holds several option grants over iQIYI Class A ordinary shares, including one covering 22,415,024 underlying shares at an exercise price of 0.2500 per share and additional grants at 0.2964 and 0.5119 per share, with expirations extending from 2030 through 2035.

How do Gong Yu’s iQIYI (IQ) stock options vest based on the Form 3 footnotes?

The footnotes show most options vest over four years. Typically, 25% vests on the first anniversary of the grant date, with the remaining 75% vesting in 12 equal quarterly installments or in equal annual installments over the following three years.

Does Gong Yu have any indirect ownership of iQIYI (IQ) shares?

Yes. The Form 3 reports indirect ownership of 8,186,889 Class A ordinary shares held through Cannes Ventures Limited. This position is separate from his directly held stock options and reflects exposure to the company via an affiliated entity.

Are there any buy or sell transactions reported for iQIYI (IQ) in this Form 3?

No buy or sell transactions are reported. The entries are characterized as holdings, with no transaction codes indicating purchases, sales, exercises, gifts, or restructurings. The Form 3 simply establishes Gong Yu’s current derivative and indirect equity positions.

What is the significance of the long expiration dates on Gong Yu’s iQIYI (IQ) options?

Many options expire between 2030 and 2035, indicating long-dated rights to acquire Class A ordinary shares. These expirations give Gong Yu extended time to exercise vested options, aligning his incentives with the company’s longer-term performance horizon.