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Zhihu | 6-K: Grant of Restricted Share Units

SEC announcement ·  Jul 12 08:37
Summary by Moomoo AI
On July 12, 2024, Zhihu Inc. announced the grant of 1,883,691 Restricted Share Units (RSUs) to 39 eligible employees under its 2022 Share Incentive Plan. The RSUs, which represent approximately 0.64% of the company's total issued shares on a one-share-one-vote basis, excluding treasury shares, are set to vest over a 48-month period with a mixed vesting schedule. Some RSUs will vest within 12 months of the grant date, while others will vest after this period. The vesting of these RSUs is contingent upon the achievement of performance targets evaluated through the company's standardized performance appraisal system. In case of unsatisfactory performance or termination due to cause or misconduct, the unvested RSUs will be forfeited. This grant aims to align the interests of...Show More
On July 12, 2024, Zhihu Inc. announced the grant of 1,883,691 Restricted Share Units (RSUs) to 39 eligible employees under its 2022 Share Incentive Plan. The RSUs, which represent approximately 0.64% of the company's total issued shares on a one-share-one-vote basis, excluding treasury shares, are set to vest over a 48-month period with a mixed vesting schedule. Some RSUs will vest within 12 months of the grant date, while others will vest after this period. The vesting of these RSUs is contingent upon the achievement of performance targets evaluated through the company's standardized performance appraisal system. In case of unsatisfactory performance or termination due to cause or misconduct, the unvested RSUs will be forfeited. This grant aims to align the interests of the employees with those of the shareholders and to incentivize outstanding performance. Following this grant, Zhihu Inc. has 9,248,966 Class A Ordinary Shares and 13,042,731 Class A Ordinary Shares available for future grants under the 2022 Share Incentive Plan. The company confirmed that none of the grantees are directors, substantial shareholders, or associates of such persons, and the grants do not require shareholder approval.

This announcement is a separate document:

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