iQIYI (IQ) CEO Gong Yu details 2036-expiring stock option grants
Filing Impact
Filing Sentiment
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 Trade Summary
2 transactions reported
Mixed
2 txns
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)
- 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.
Key Figures
Option exercise price: $0.0000 per share
Underlying shares (zero strike option): 2,450,000 shares
Option exercise price: $0.5119 per share
+3 more
6 metrics
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
Key Terms
Option (right to buy), Class A ordinary share, exercise price, expiration date, +1 more
5 terms
Option (right to buy) financial
"security_title: Option (right to buy)"
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..."
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.