Tuniu Corp (TOUR) CEO updates 1.98M-share option expiration terms
Rhea-AI Filing Summary
Tuniu Corp director and Chief Executive Officer Dunde Yu, through Dragon Rabbit Capital Limited, reported a technical amendment to an existing stock option. An option covering 1,981,000 Class A Ordinary Shares at an exercise price of $3.09 per share was treated for Section 16 reporting as a disposition of the original option and a grant of a replacement option to extend its expiration date by one year, from August 19, 2026 to August 19, 2027. The option was originally granted on August 20, 2015 and is fully vested.
Positive
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Negative
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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) F1, F2 | 1,981,000 | -- | -- |
| Grant/Award | Option (Right to Buy) F1, F2 | 1,981,000 | -- | -- |
Holdings After Transaction:
Option (Right to Buy) — 1,981,000 shares (Indirect, By Dragon Rabbit Capital Limited)
Footnotes (2)
- F1. 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 August 20, 2015 and is fully vested.
- F2. 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 Shares Amended: 1,981,000 shares
Exercise Price: $3.09 per share
Original Expiration Date: August 19, 2026
+2 more
5 metrics
Option Shares Amended
1,981,000 shares
Underlying Class A Ordinary Shares for the amended option held via Dragon Rabbit Capital Limited
Exercise Price
$3.09 per share
Conversion or exercise price of the amended option on 1,981,000 Class A Ordinary Shares
Original Expiration Date
August 19, 2026
Expiration date of the original option before the one-year extension
New Expiration Date
August 19, 2027
Expiration date of the replacement option after the amendment and deemed regrant
Original Grant Date
August 20, 2015
Date the fully vested option was originally granted
Key Terms
Section 16 purposes, Disposition to issuer, Option (Right to Buy, fully vested, +1 more
5 terms
Section 16 purposes regulatory
"resulting in the deemed cancellation of the original option for Section 16 purposes"
Disposition to issuer regulatory
"transaction_code_description": "Disposition to issuer""
Option (Right to Buy financial
"security_title": "Option (Right to Buy)"
fully vested financial
"The option was originally granted on August 20, 2015 and is fully vested."
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transaction did Tuniu Corp (TOUR) report for CEO Dunde Yu?
Tuniu Corp reported that CEO Dunde Yu, via Dragon Rabbit Capital Limited, amended an option for 1,981,000 Class A Ordinary Shares, extending its expiration by one year and triggering a deemed cancellation and regrant for Section 16 reporting.
What is the exercise price of the Tuniu Corp (TOUR) option reported for Dunde Yu?
The option reported for Dunde Yu has an exercise price of $3.09 per share. This price applies to the 1,981,000 Class A Ordinary Shares underlying the option that was amended and re-reported under Section 16 rules.
How did the expiration date change for Dunde Yu’s Tuniu Corp (TOUR) option?
The option’s expiration date was extended by one year, from August 19, 2026 to August 19, 2027. This extension led to a deemed cancellation of the original option and the grant of a replacement option for Section 16 purposes.
Who holds the Tuniu Corp (TOUR) option reported for Dunde Yu?
The option is held indirectly by Dragon Rabbit Capital Limited. Dragon Rabbit Capital Limited is wholly owned by Longtu Holdings Limited, which in turn is owned by a trust whose beneficiary is Mr. Yu’s family, according to the footnote disclosure.
Is the Tuniu Corp (TOUR) option held by Dunde Yu fully vested?
Yes. The filing states that the option, originally granted on August 20, 2015, is fully vested. The reported transactions relate only to extending the option’s expiration date, not to vesting or exercise activity.
AI-generated analysis. How Rhea-AI works. Not financial advice.