Hello Group (NASDAQ: MOMO) CTO gets options as spouse sells ADS
Rhea-AI Filing Summary
Hello Group Inc. Chief Technology Officer Wen Jianhua received a grant of 181,852 stock options on Class A ordinary shares, with an exercise price of $0.0002 per share and expiration on April 7, 2036. The options vest over four years, with one-fourth vesting on April 7, 2027 and the remainder vesting quarterly in twelve equal installments starting July 7, 2027.
Separately, options beneficially owned by Wen’s spouse were exercised for a total of 8,436 Class A ordinary shares at an exercise price of $0.0002 per share and converted into 4,218 American depositary shares. Those 4,218 ADS, each representing two Class A shares, were then sold at $5.7039 per ADS, leaving no ADS under the spouse’s indirect holding. Wen disclaims beneficial ownership of the spouse’s securities except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Options (right to buy) | 181,852 | $0.00 | $0.00 |
| Exercise | Options (right to buy) | 2,812 | $0.0002 | $0.56 |
| Exercise | Options (right to buy) | 2,812 | $0.0002 | $0.56 |
| Exercise | Options (right to buy) | 2,812 | $0.0002 | $0.56 |
| Exercise | American Depositary Shares | 4,218 | $0.0004 | $1.69 |
| Sale | American Depositary Shares | 4,218 | $5.7039 | $24K |
Footnotes (4)
- F1. Each American depositary share represents two Class A ordinary shares.
- F2. Represent American depositary shares beneficially owned by the reporting person's spouse. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
- F3. The stock option vests over a four-year period, with one-fourth of options vest on April 7, 2027, and the rest of the options vest per quarter in twelve equal installments, starting from July 7, 2027.
- F4. Represent options beneficially owned by the reporting person's spouse. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
Key Figures
Key Terms
stock option financial
vests over a four-year period financial
pecuniary interest financial
beneficially owned financial
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