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iQIYI (IQ) CEO Gong Yu details 2036-expiring stock option grants

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

iQIYI, Inc. Chief Executive Officer Gong Yu reported holdings of stock options in a Form 4. He holds options linked to 2,450,000 Class A ordinary shares with a $0.0000 exercise price and an expiration date of May 11, 2036. He also holds options linked to 2,275,000 Class A ordinary shares with a $0.5119 exercise price, also expiring on May 11, 2036. According to the footnotes, these options vest over four-year schedules starting from May 11, 2026, with specified annual and quarterly vesting patterns.

Positive

  • None.

Negative

  • None.
Insider Gong Yu
Role Chief Executive Officer
Type Security Shares Price Value
holding Option (right to buy) -- -- --
holding Option (right to buy) -- -- --
Holdings After Transaction: Option (right to buy) — 2,275,000 shares (Direct, null)
Footnotes (1)
  1. 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. 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.
Option exercise price $0.0000 per share Option on Class A ordinary shares expiring May 11, 2036
Underlying shares (zero strike option) 2,450,000 shares Class A ordinary shares underlying option at $0.0000 exercise price
Option exercise price $0.5119 per share Option on Class A ordinary shares expiring May 11, 2036
Underlying shares (0.5119 option) 2,275,000 shares Class A ordinary shares underlying option at $0.5119 exercise price
Option expiration date May 11, 2036 Expiration date for both reported option positions
Vesting start reference date May 11, 2026 Anniversary date used for four-year vesting schedules in footnotes
Option (right to buy) financial
"security_title: Option (right to buy)"
Class A ordinary share financial
"underlying_security_title: Class A ordinary share"
A Class A ordinary share is a type of common stock a company issues that carries a specific set of rights—most often particular voting power, dividend terms, or transfer rules—distinct from other share classes. For investors it matters because those rights affect control over company decisions, how income is paid out, and how easy shares are to buy or sell; think of it like a tiered ticket that gives different access and influence at the same event.
exercise price financial
"conversion_or_exercise_price: 0.5119"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"expiration_date: 2036-05-11T00:00:00.000Z"
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.
vest over a four-year period financial
"The options vest over a four-year period, with 25% vesting..."
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
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)
BEIJINGCHINA100027

(City)(State)(Zip)

CHINA

(Country)
2. Issuer Name and Ticker or Trading Symbol
iQIYI, Inc. [ IQ ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/11/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Option (right to buy)$0.5119 (1)05/11/2036Class A ordinary share2,275,0002,275,000D
Option (right to buy)$0 (2)05/11/2036Class A ordinary share2,450,0002,450,000D
Explanation of Responses:
1. 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.
2. 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.
/s/ Gong Yu05/13/2026
** Signature of Reporting PersonDate
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 4 (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.
* Form 4: SEC 1474 (03-26)

FAQ

What did iQIYI (IQ) CEO Gong Yu report in this Form 4?

Gong Yu reported his holdings of stock options in iQIYI. The filing lists two option positions tied to Class A ordinary shares, detailing their exercise prices, expiration dates, and multi-year vesting schedules starting from May 11, 2026.

What are the terms of Gong Yu’s iQIYI stock options with a $0.0000 exercise price?

One option position has a $0.0000 exercise price and expires on May 11, 2036. It relates to 2,450,000 underlying Class A ordinary shares and vests over four years, with 25% vesting on the first anniversary of May 11, 2026 and the rest quarterly.

What are the terms of Gong Yu’s iQIYI stock options with a $0.5119 exercise price?

A second option position carries a $0.5119 exercise price and also expires on May 11, 2036. It relates to 2,275,000 underlying Class A ordinary shares and vests 25% on each of the first, second, third, and fourth anniversaries of May 11, 2026.

When do Gong Yu’s iQIYI stock options begin vesting?

Both option grants begin vesting based on anniversaries of May 11, 2026. One grant vests 25% on that date and quarterly thereafter, while the other vests 25% on each of the first four anniversaries of that date.

Do the reported iQIYI Form 4 entries show any stock purchases or sales by Gong Yu?

The Form 4 shows two option holdings categorized as derivative securities, without recorded buy or sell transactions. The transactions are labeled as holdings with unknown transaction codes, focusing on existing option positions and their vesting schedules.

What is the expiration date of Gong Yu’s reported iQIYI stock options?

Both reported option positions share the same expiration date of May 11, 2036. This long-dated expiration gives a multi-year window during which the options, once vested, may be exercisable under their respective terms.