Summary by Futu AI
Kingsoft Cloud Holdings Limited announced the grant of 962,007 Restricted Share Units (RSUs) to an employee on November 26, 2024, under its 2021 Share Incentive Plan. The RSUs represent 962,007 underlying Shares or approximately 64,133 ADSs, accounting for about 0.03% of the company's total issued Shares.The granted RSUs will fully vest on the Grant Date, with a purchase price of US$0.01 per Share. The closing price of Shares on the grant date was HK$3.21 on the Stock Exchange and US$6.95 per ADS on Nasdaq. The grant aims to incentivize and retain the employee based on past performance, aligning their interests with shareholders.Following this grant, 190,887,710 underlying Shares remain available for future grants under the Scheme Mandate Limit, and 38,052,848 under the Service Provider Sublimit. The company emphasized that the grant is not subject to shareholder approval and includes a clawback mechanism for misconduct or serious breaches of the plan terms.