Duan Youqiao 4

What Happened
Duan Youqiao, Senior Vice President of iQIYI, was involved in derivative (option-related) transactions on 2026-05-11 that total 4,557,983 shares. The filing shows three pairs of transactions: dispositions to the issuer and corresponding grants/awards for 982,927; 375,056; and 3,200,000 shares. All items are reported as derivative (options) with no per-share price or cash value shown in the filing.

Key Details

• Transaction date: 2026-05-11; Form 4 filed: 2026-05-13 (timely filing).
• Reported amounts: grants/awards = 982,927 + 375,056 + 3,200,000 = 4,557,983 derivative shares; matching dispositions to issuer for the same amounts.
• Price: N/A (derivative transactions; no open-market sale price reported).
• Shares owned after transaction: not specified in the provided excerpt.
• Notable footnotes: filing notes multiple vesting schedules for option grants and indicates some transactions involved amendments to extend option expiration dates (footnotes state amended options now expire on 10/18/2030 and list varying vesting schedules).
• Filing timeliness: filed two days after the transactions; no late filing flag indicated.

Context
These are derivative-option transactions (not open-market buys or sales). The paired "disposition to the issuer" and simultaneous "grant/award" entries typically reflect option cancellations/amendments and re-grants or administrative adjustments (including expiration-date extensions), not a sale that generated cash proceeds. Because no exercise price or cash amounts are shown, this filing mainly documents a change in option awards and their terms/vesting rather than a market trade.