Yalla Group (YALA) CEO Yang Tao details large share and option holdings
Rhea-AI Filing Summary
Yalla Group Ltd director and CEO Yang Tao filed an initial statement of beneficial ownership. The filing lists employee stock options over 1,250,000 Class A Ordinary Shares at an exercise price of $0.22 expiring on June 30, 2029, and 5,000,000 Class A Ordinary Shares at $0.35 expiring on June 28, 2030. All shares subject to these options are fully vested and exercisable.
Indirect holdings include 35,640,000 Class A Ordinary Shares and 24,734,013 Class B Ordinary Shares held by YooYoo Limited, which is ultimately controlled by a trust where Yang Tao is settlor and a beneficiary with his family and can direct voting and disposition. An additional 445,505 Class A Ordinary Shares are held by Allies Partners Limited, owned by his spouse. Each Class B Ordinary Share is convertible into one Class A Ordinary Share with no expiration date.
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 | Class A Ordinary Share | -- | -- | -- |
| holding | Class A Ordinary Share | -- | -- | -- |
| holding | Class B Ordinary Share | -- | -- | -- |
Footnotes (1)
- These shares are held by YooYoo 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 YooYoo Limited. These 445,505 Class A Ordinary Shares are held by Allies Partners Limited, which is ultimately owned by Ms. Lei Liu, the spouse of the Reporting Person. These Class B Ordinary Shares are held by YooYoo Limited, and each Class B Ordinary Share is convertible into the Issuer's Class A Ordinary Share on a 1-for-1 basis and has no expiration date. All of the shares subject to the option are fully vested and exercisable as of the date hereof.
