Summary by Moomoo AI
Zhihu Inc. (Zhihu), with the option symbols ZH/ZH1, has updated its settlement process for options exercise and assignment activity. As of October 23, 2024, Zhihu's shares, identified by CUSIP 98955N207, became eligible for Continuous Net Settlement (CNS) at the National Securities Clearing Corporation (NSCC). This change, effective immediately from October 24, 2024, means that ZH/ZH1 options will no longer require broker to broker settlement. All subsequent exercise and assignment activities for these options will be processed through the NSCC. The deliverables for ZH options will continue to be the underlying 100 Zhihu Inc. American Depositary Shares, while ZH1 options will include the underlying 16 Zhihu Inc. American Depositary Shares plus $2.35 in cash. The Options Clearing Corporation (OCC) has issued this update and reminds investors to independently verify all information relevant to their investment decisions. Adjustments to options and futures are determined by the OCC on a case-by-case basis, subject to change based on new information or changes to the terms of corporate events.
