iQIYI SVP amends multi-million share option grants
iQIYI, Inc. senior vice president Duan Youqiao reported several administrative changes to stock options linked to Class A ordinary shares.
Rhea-AI Filing Summary
iQIYI, Inc. senior vice president Duan Youqiao reported several administrative changes to stock options linked to Class A ordinary shares. Fully vested option awards for 3,200,000, 375,056 and 982,927 underlying shares at an exercise price of $0.5119 per share were canceled and regranted with a new expiration date of October 18, 2030, as described in the footnotes. The filing also shows remaining direct option holdings over 2,450,000 underlying shares at an exercise price of $0.00 and 2,275,000 underlying shares at $0.5119, both expiring on May 11, 2036.
Positive
- None.
Negative
- None.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
Duan Youqiao
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Option (right to buy) | 982,927 | $0.00 | $0.00 |
| Grant/Award | Option (right to buy) | 982,927 | $0.00 | $0.00 |
| Disposition | Option (right to buy) | 375,056 | $0.00 | $0.00 |
| Grant/Award | Option (right to buy) | 375,056 | $0.00 | $0.00 |
| Disposition | Option (right to buy) | 3,200,000 | $0.00 | $0.00 |
| Grant/Award | Option (right to buy) | 3,200,000 | $0.00 | $0.00 |
| holding | Option (right to buy) | -- | -- | -- |
| holding | Option (right to buy) | -- | -- | -- |
Holdings After Transaction:
Option (right to buy) — 9,282,983 contracts for 4,725,000 underlying shares (Direct)
Footnotes (8)
- F1. The options vest over a four-year period, with 25% vesting on the 1st anniversary of 05/11/2026, and the remaining 75% vesting in 12 equal quarterly installments beginning one calendar quarter after the date of the aforesaid anniversary.
- F2. The options vest over a four-year period, with 25% vesting on each of the 1st, 2nd, 3rd and 4th anniversary of 05/11/2026.
- F3. 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.
- F4. The two reported transactions involved an amendment of outstanding options to extend the expiration date, which may be deemed a cancellation of the original options (to expire on 08/05/2026) and grant of new options. As amended, the options expire on 10/18/2030.
- F5. 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.
- F6. The two reported transactions involved an amendment of outstanding options to extend the expiration date, which may be deemed a cancellation of the original options (to expire on 02/14/2027) and grant of new options. As amended, the options expire on 10/18/2030.
- F7. 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.
- F8. The two reported transactions involved an amendment of outstanding options to extend the expiration date, which may be deemed a cancellation of the original options (to expire on 02/28/2028) and grant of new options. As amended, the options expire on 10/18/2030.
Key Figures
Amended options block 1: 3,200,000 underlying shares at $0.5119
Amended options block 2: 375,056 underlying shares at $0.5119
Amended options block 3: 982,927 underlying shares at $0.5119
+3 more
6 metrics
Amended options block 1
3,200,000 underlying shares at $0.5119
Options canceled and regranted; new expiration October 18, 2030
Amended options block 2
375,056 underlying shares at $0.5119
Options canceled and regranted; new expiration October 18, 2030
Amended options block 3
982,927 underlying shares at $0.5119
Options canceled and regranted; new expiration October 18, 2030
Remaining zero-price options
2,450,000 underlying shares at $0.0000
Direct options expiring May 11, 2036
Remaining $0.5119 options
2,275,000 underlying shares at $0.5119
Direct options expiring May 11, 2036
New vesting start date
May 11, 2026
Reference date for four-year vesting schedules in footnotes
Key Terms
vesting, disposition to issuer, grant, award, or other acquisition, expiration date, +1 more
5 terms
vesting financial
"The options vest over a four-year period, with 25% vesting on the 1st anniversary"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
expiration date financial
"As amended, the options expire on 10/18/2030."
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
underlying security financial
"underlying_security_title": "Class A ordinary share""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did iQIYI (IQ) report for Duan Youqiao?
The filing reports administrative option changes for Duan Youqiao. Existing fully vested options over 3,200,000, 375,056 and 982,927 underlying Class A shares were canceled and regranted with a new expiration date, without any open-market share purchases or sales disclosed.
Were the iQIYI (IQ) transactions in this Form 4 open-market buys or sells?
They were not open-market trades. The Form 4 shows option grants coded “A” and dispositions to the issuer coded “D,” reflecting cancellations and regrants of options rather than buying or selling iQIYI Class A shares in the public market.
What are the key terms of the amended iQIYI (IQ) stock options for Duan Youqiao?
The amended options relate to 3,200,000, 375,056 and 982,927 underlying Class A shares at an exercise price of $0.5119 per share. According to the footnotes, these options are fully vested and now expire on October 18, 2030 following the amendments.
How do the amended iQIYI (IQ) options for Duan Youqiao vest?
Footnotes explain the vesting schedules. For the amended awards, options vest over four years, with 25% vesting on the first anniversary of May 11, 2026 and the remaining 75% vesting in 12 equal quarterly installments starting one quarter after that anniversary date.
What ongoing option position does Duan Youqiao hold in iQIYI (IQ) after these transactions?
The derivative holdings table shows direct options over 2,450,000 underlying Class A shares at an exercise price of $0.00 and 2,275,000 underlying shares at $0.5119. Both series of options are shown with an expiration date of May 11, 2036.
Do the iQIYI (IQ) Form 4 footnotes explain why the options were amended?
Yes. The footnotes state that pairs of reported transactions involved amending outstanding options to extend the expiration date. Each pair is described as a deemed cancellation of options originally expiring in 2026–2028 and a grant of new options expiring on October 18, 2030.
AI-generated analysis. How Rhea-AI works. Not financial advice.
