New option terms for iQIYI (IQ) interim CFO Zeng Ying
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
iQIYI, Inc.’s interim CFO Zeng Ying reported amendments to existing stock option awards rather than open-market trades. Two fully vested option grants for 700,000 and 480,056 Class A ordinary shares at an exercise price of $0.5119 per share were effectively cancelled and regranted, extending their expiration to October 18, 2030. The filing also shows a separate option position covering 1,050,000 Class A ordinary shares with a zero exercise price expiring on May 11, 2036, giving her a substantial, long-term equity-based incentive.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Zeng Ying Ms.
Role
Interim CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Option (right to buy) | 480,056 | $0.00 | -- |
| Grant/Award | Option (rignt to buy) | 480,056 | $0.00 | -- |
| Disposition | Option (right to buy) | 700,000 | $0.00 | -- |
| Grant/Award | Option (right to buy) | 700,000 | $0.00 | -- |
| holding | Option (right to buy) | -- | -- | -- |
Holdings After Transaction:
Option (right to buy) — 0 shares (Direct, null);
Option (rignt to buy) — 480,056 shares (Direct, null)
Footnotes (1)
- 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. 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 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. 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 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 option grant size: 700,000 options
Second amended option grant: 480,056 options
Exercise price of amended options: $0.5119 per share
+2 more
5 metrics
Amended option grant size
700,000 options
Fully vested option deemed cancelled and regranted, expires October 18, 2030
Second amended option grant
480,056 options
Fully vested option deemed cancelled and regranted, expires October 18, 2030
Exercise price of amended options
$0.5119 per share
Applies to both the 700,000 and 480,056 option grants
New expiration date for amended options
October 18, 2030
Extended from prior 2027 and 2028 expirations per footnotes
Additional option position
1,050,000 underlying shares
Option with $0.0000 exercise price expiring May 11, 2036
Key Terms
Grant, award, or other acquisition, Disposition to issuer, vest over a four-year period, expiration date, +1 more
5 terms
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
Disposition to issuer financial
"transaction_code_description: Disposition to issuer"
vest over a four-year period financial
"The options vest over a four-year period, with 25% vesting..."
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.
FAQ
What does iQIYI (IQ) interim CFO Zeng Ying’s latest Form 4 report?
The Form 4 reports amendments to Zeng Ying’s stock option awards. Existing fully vested options were cancelled and replaced with new options on identical share amounts but later expiration dates, updating her long-term equity compensation without any open-market share purchases or sales.
How many iQIYI options were affected in Zeng Ying’s Form 4 filing?
Two fully vested option awards were affected: one for 700,000 Class A ordinary shares and another for 480,056 shares. Each award was deemed cancelled and regranted with a new expiration date, keeping the same underlying share counts while updating contractual terms.
What exercise price applies to the amended iQIYI options in this Form 4?
The amended option awards have an exercise price of $0.5119 per Class A ordinary share. This price applies to both the 700,000-share grant and the 480,056-share grant, which replaced older options that previously would have expired in 2027 and 2028, respectively.
When do the iQIYI options reported for Zeng Ying now expire?
The two amended option awards now expire on October 18, 2030. In addition, the filing shows a separate option position over 1,050,000 Class A ordinary shares with a zero exercise price that is scheduled to expire on May 11, 2036, extending her potential ownership horizon.
Were these iQIYI Form 4 transactions open-market buys or sells of stock?
No, the transactions involve option grants and cancellations with the issuer, not open-market trades. Codes and descriptions show grant or award acquisitions and dispositions to the issuer, reflecting compensation-related updates instead of direct purchases or sales of common shares in the market.
How do the vesting terms work for the iQIYI options in this Form 4?
Footnotes state the affected options vest over four years, with 25% vesting on the first anniversary and the remaining 75% vesting in 12 equal quarterly installments. Some referenced options are already fully vested, meaning only their expiration dates, not vesting schedules, were changed.