Tuniu (NASDAQ: TOUR) CEO extends 900,000-share option expiration
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tuniu Corp Chief Executive Officer Dunde Yu reported administrative changes to an existing stock option held indirectly through Dragon Rabbit Capital Limited. The filings show a deemed cancellation of a fully vested option covering 900,000 Class A ordinary shares at an exercise price of $3.00 per share and the grant of a replacement option for the same amount, also at $3.00 per share.
According to the footnotes, this reflects an amendment that extends the option’s expiration date by one year to June 12, 2027 for Section 16 purposes, rather than a new economic award or market transaction. The position size remains 900,000 option shares after the amendment, held indirectly through an entity owned by a family trust benefiting Mr. Yu’s family.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Dunde Yu
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Option (Right to Buy) | 900,000 | $0.00 | -- |
| Grant/Award | Option (Right to Buy) | 900,000 | $0.00 | -- |
Holdings After Transaction:
Option (Right to Buy) — 0 shares (Indirect, By Dragon Rabbit Capital Limited)
Footnotes (1)
- The two reported transactions involved an amendment of an outstanding option to extend the expiration date thereof by one year, resulting in the deemed cancellation of the original option for Section 16 purposes and the grant of a replacement option for Section 16 purposes. The option was originally granted on June 13, 2014 and is fully vested. Dragon Rabbit Capital Limited is wholly owned by Longtu Holdings Limited, a British Virgin Islands company which is wholly owned by a trust, of which Mr. Yu's family is the beneficiary.
Key Figures
Option size: 900,000 shares
Exercise price: $3.00 per share
New expiration date: June 12, 2027
+2 more
5 metrics
Option size
900,000 shares
Underlying Class A ordinary shares for amended option
Exercise price
$3.00 per share
Conversion or exercise price of the option
New expiration date
June 12, 2027
Extended option expiration after amendment
Post-amendment option holdings
900,000 options
Total option shares following replacement grant
Original expiration date
June 12, 2026
Prior expiration before one-year extension
Key Terms
Option (Right to Buy), Disposition to issuer, Section 16, fully vested, +1 more
5 terms
Option (Right to Buy) financial
"security_title: "Option (Right to Buy)""
Disposition to issuer financial
"transaction_code_description: "Disposition to issuer""
Section 16 regulatory
"resulting in the deemed cancellation of the original option for Section 16 purposes"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
fully vested financial
"The option was originally granted on June 13, 2014 and is fully vested"
Dragon Rabbit Capital Limited financial
"nature_of_ownership: "By Dragon Rabbit Capital Limited""
FAQ
What insider transaction did Tuniu (TOUR) CEO Dunde Yu report?
Dunde Yu reported a technical amendment to a stock option held indirectly. A 900,000-share option was deemed canceled and simultaneously replaced, reflecting an extension of its expiration date rather than a new purchase or sale of shares in the market.
What is the exercise price and new expiration date of Dunde Yu’s option?
The option carries a fixed exercise price of $3.00 per Tuniu Class A ordinary share and now expires on June 12, 2027. The footnotes explain the change as an amendment extending the prior expiration date by one year, with the option already fully vested.
Does the Tuniu (TOUR) Form 4 show any open-market buying or selling?
The Form 4 does not show open-market buying or selling. It records a deemed disposition to the issuer and a replacement grant of the same option for Section 16 reporting, reflecting an expiration extension rather than cash transactions in Tuniu shares on the market.
Who legally holds the amended Tuniu stock option reported on the Form 4?
The option is held indirectly through Dragon Rabbit Capital Limited. This entity is wholly owned by Longtu Holdings Limited, which is in turn owned by a trust benefiting Mr. Yu’s family, so the reporting reflects indirect family-related ownership rather than direct personal holding.
Is the amended Tuniu option already vested for Dunde Yu’s indirect holdings?
Yes, the option is described as fully vested. The footnote notes it was originally granted on June 13, 2014 and is fully vested, meaning the change relates to the expiration date only, not to vesting conditions or additional performance requirements for the 900,000 underlying shares.