Yalla Group (NYSE: YALA) COO details sizeable share and option stakes
Rhea-AI Filing Summary
Yalla Group Ltd chief operating officer Xu Jianfeng has filed an initial statement of beneficial ownership, detailing both share holdings and stock options in the company’s Class A ordinary shares.
He holds 200,000 Class A shares directly and 7,366,326 Class A shares indirectly through WindBell Limited, an entity ultimately controlled by a trust for him and his family, over which he can direct voting and disposition. In addition, he holds employee stock options to acquire 2,770,000 Class A shares at an exercise price of $0.22 per share expiring on June 30, 2029, all of which are fully vested and exercisable. He also has options over 1,600,000 shares at $0.22 expiring on August 1, 2034 and 1,000,000 shares at $0.22 expiring on December 18, 2035, with each of these grants vesting 25% on August 1, 2025 and December 18, 2026 respectively, and 25% on each of the next three anniversaries, subject to his continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Employee Stock Option (Right to buy) | -- | -- | -- |
| holding | Employee Stock Option (Right to buy) | -- | -- | -- |
| holding | Employee Stock Option (Right to buy) | -- | -- | -- |
| holding | Class A Ordinary Share | -- | -- | -- |
| holding | Class A Ordinary Share | -- | -- | -- |
Footnotes (1)
- These shares are held by WindBell Limited, which is ultimately controlled by a trust of which the Reporting Person is the settlor and the Reporting Person and his family members are beneficiaries. Under the terms of this trust, the Reporting Person has the power to direct the trustee with respect to the retention or disposal of, and the exercise of any voting and other rights attached to, the shares held by WindBell Limited. All of the shares subject to the option are fully vested and exercisable as of the date hereof. 25% of the shares subject to the option shall vest on August 1, 2025, and an additional 25% shall vest on each anniversary thereof for the next three consecutive years, subject to the Reporting Person continuing as a service provider through each such date. 25% of the shares subject to the option shall vest on December 18, 2026, and an additional 25% shall vest on each anniversary thereof for the next three consecutive years, subject to the Reporting Person continuing as a service provider through each such date.
