iQIYI (IQ) Chief Content Officer restructures major option grants and extends expiries
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
iQIYI, Inc.’s Chief Content Officer Wang Xiaohui reported a series of option transactions that effectively amend existing equity awards rather than open-market trades. The filing shows cancellation of previously outstanding options covering 7,500,000 Class A ordinary shares and issuance of new options for the same number of shares at an exercise price of $0.5119 per share, with the expiration date extended to 10/18/2030. A similar amendment occurs for options over 1,531,250 shares, also moving their expiration to 10/18/2030. Footnotes explain that these options vest over four years starting from 05/11/2026, while earlier grants referenced in the filing have already fully vested. After these changes, Wang continues to hold significant unexercised options, including positions tied to 2,450,000 and 2,275,000 underlying shares that now expire in 2036, underscoring that this Form 4 reflects compensation-related adjustments rather than a change in share ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Wang Xiaohui
Role
Chief Content Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Option (right to buy) | 1,531,250 | $0.00 | -- |
| Grant/Award | Option (right to buy) | 1,531,250 | $0.00 | -- |
| Disposition | Option (right to buy) | 7,500,000 | $0.00 | -- |
| Grant/Award | Option (right to buy) | 7,500,000 | $0.00 | -- |
| holding | Option (right to buy) | -- | -- | -- |
| holding | Option (right to buy) | -- | -- | -- |
Holdings After Transaction:
Option (right to buy) — 0 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. 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: 7,500,000 options at $0.5119
Second amended option block: 1,531,250 options at $0.5119
Remaining zero-price options: 2,450,000 underlying shares
+4 more
7 metrics
Amended option grant
7,500,000 options at $0.5119
Expiration extended to October 18, 2030
Second amended option block
1,531,250 options at $0.5119
Expiration extended to October 18, 2030
Remaining zero-price options
2,450,000 underlying shares
Exercise price $0.0000, expire 2036-05-11
Remaining $0.5119 options
2,275,000 underlying shares
Exercise price $0.5119, expire 2036-05-11
Four-year vesting start
05/11/2026
New options vest 25% at first anniversary, remainder over 3 years
Fully vested legacy grant 1
Vesting began 02/14/2017
25% at first anniversary, 75% in 12 quarterly installments
Fully vested legacy grant 2
Vesting began 02/28/2018
25% at first anniversary, 75% in 12 quarterly installments
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 on the 1st anniversary"
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.
Option (right to buy financial
"security_title": "Option (right to buy)""
FAQ
What did iQIYI (IQ) executive Wang Xiaohui report in this Form 4?
Wang Xiaohui reported amendments to stock options, not stock trades. The filing shows cancellations and regrants of options over 7,500,000 and 1,531,250 Class A shares, extending expiration dates while keeping the same exercise price and compensation nature.
How many iQIYI options were amended for Wang Xiaohui in this filing?
The filing reflects options over 7,500,000 and 1,531,250 Class A ordinary shares being effectively cancelled and regranted. Footnotes describe these as amendments to extend expiration dates, rather than new cash purchases or market sales of iQIYI stock.
What is the exercise price of Wang Xiaohui’s amended iQIYI stock options?
The amended options carry an exercise price of $0.5119 per Class A ordinary share. This price applies to both the 7,500,000-share and 1,531,250-share option blocks that were treated as cancellations and new grants with extended expiration dates.
When do Wang Xiaohui’s amended iQIYI options vest and expire?
Footnotes state the options vest over four years from 05/11/2026, with 25% vesting on the first anniversary and the rest in quarterly or annual installments. The amended grants now expire on 10/18/2030, extending prior 2027 and 2028 expiration dates.
What option positions does Wang Xiaohui retain after these iQIYI transactions?
After these transactions, derivative summaries show remaining options tied to 2,450,000 underlying shares at a zero exercise price and 2,275,000 shares at $0.5119. Both blocks now carry expiration dates in 2036, indicating substantial continuing equity incentives.