share_log

6-K: Grant of Restricted Share Units

SEC announcement ·  Jun 28 04:10
Summary by Futu AI
Bilibili Inc., a company incorporated in the Cayman Islands and listed on the Stock Exchange of Hong Kong, announced the grant of 4,096,417 Restricted Share Units (RSUs) to 303 employees and 10 consultants on June 27, 2024. These RSUs, which represent approximately 0.99% of the company's total shares on a one-share-one-vote basis, are part of Bilibili's 2018 Share Incentive Plan and are intended to incentivize and retain key personnel by aligning their interests with those of the company's shareholders. The RSUs will vest between March 31, 2025, and June 30, 2030, with no additional performance targets or clawback mechanisms attached. The grants aim to enhance the company's value and the long-term growth of the group. Following this grant, Bilibili may issue further awards representing a total of 13,388,367 Class Z Ordinary Shares under the 2018 Share Incentive Plan. The company has complied with the new Chapter 17 of the Listing Rules as required by the transitional arrangements for existing share schemes.
Bilibili Inc., a company incorporated in the Cayman Islands and listed on the Stock Exchange of Hong Kong, announced the grant of 4,096,417 Restricted Share Units (RSUs) to 303 employees and 10 consultants on June 27, 2024. These RSUs, which represent approximately 0.99% of the company's total shares on a one-share-one-vote basis, are part of Bilibili's 2018 Share Incentive Plan and are intended to incentivize and retain key personnel by aligning their interests with those of the company's shareholders. The RSUs will vest between March 31, 2025, and June 30, 2030, with no additional performance targets or clawback mechanisms attached. The grants aim to enhance the company's value and the long-term growth of the group. Following this grant, Bilibili may issue further awards representing a total of 13,388,367 Class Z Ordinary Shares under the 2018 Share Incentive Plan. The company has complied with the new Chapter 17 of the Listing Rules as required by the transitional arrangements for existing share schemes.
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