Summary by Futu AI
On September 29, 2024, Bilibili granted 2,946,424 Restricted Share Units (RSUs) to 164 employees under its Second Amended and Restated 2018 Share Incentive Plan. The RSUs represent approximately 0.71% of the company's total shares and will vest between September 29, 2025, and September 29, 2028. The market price of Class Z Ordinary Shares on the grant date was HK$168.50 per share.The grants aim to align employees' interests with shareholders and enhance company value by providing performance incentives. The RSUs are subject to clawback provisions in cases of employment termination for cause, criminal conviction, or serious misconduct. No additional performance targets are required for these grants.Following this allocation, Bilibili maintains 38,467,079 Class Z Ordinary Shares available for future awards under the Scheme Limit, including 2,070,675 shares reserved for Service Providers. None of the grantees is a Director, chief executive, or substantial shareholder of the company.