RLX (RLX) CFO Lu Chao Receives 10M Share Option Award

What Happened Lu Chao, Chief Financial Officer of RLX Technology Inc., was granted derivative awards (stock options) covering a total of 10,000,000 Class A ordinary shares on July 31, 2026. The Form 4 reports six grant lines: five tranches of 1,700,000 shares and one tranche of 1,500,000 shares. The filing shows an acquisition price of $0.00 for these derivative awards (i.e., no cash paid at grant).

Key Details

• Transaction date: July 31, 2026; Form 4 filed August 4, 2026 (filed within the standard two business-day reporting window).
• Grant plan: Issuer's 2021 Share Incentive Plan (footnote F1).
• Vesting/exercisability: 1,700,000 shares vest/become exercisable on each July 31 in 2027, 2028, 2029, 2030 and 2031; the remaining 1,500,000 shares vest/exercisable on July 31, 2032. Vesting is conditioned on continued service.
• Transaction type: A = Award/Grant of derivative securities (options).
• Shares owned after transaction: Not specified in the provided filing extract.
• Notable footnote: Footnote F1 describes the grant and vesting schedule (see above).

Context This filing records an equity incentive grant to an executive — common compensation practice for aligning management with long-term shareholder value. These are option/derivative awards with multi-year vesting, not immediate stock purchases or sales; they do not indicate an immediate market transaction (no shares were sold or bought on the open market at grant).