Summary by Moomoo AI
Kingsoft Cloud announced the grant of 2,849,937 Restricted Share Units (RSUs) to 77 employee participants on June 3, 2024, representing approximately 0.07% of total issued shares. The RSUs are equivalent to 189,995 ADSs, with a purchase price of US$0.01 per share.The vesting schedule includes two tranches: 77,550 RSUs will vest in batches from the first to fifth anniversary, while 2,772,387 RSUs will fully vest on the first anniversary of their respective vesting commencement dates. Some grants have vesting periods shorter than 12 months due to corporate centralized grant policies.The RSUs are granted to incentivize employees and align their interests with shareholders. None of the grantees are directors, chief executives, or substantial shareholders. The company retains 190,462,433 underlying shares for future grants under the Scheme Mandate Limit and 38,052,848 shares under the Service Provider Sublimit.
