Zeng Ying Ms. 4

What Happened

• Zeng Ying, interim Chief Financial Officer of iQIYI, was reported in a Form 4 (filed 2026-05-13) as involved in derivative transactions on 2026-05-11. The filing shows two dispositions to the issuer (cancellations/amendments) of 480,056 and 700,000 option units and two corresponding grants/awards of 480,056 and 700,000 option units — a total of 1,180,056 derivative-share equivalents. No dollar prices are reported (N/A) because these are option/derivative transactions rather than open-market stock trades.

Key Details

• Transaction date: 2026-05-11; Form 4 filed: 2026-05-13 (timely within the typical 2-business-day window).
• Reported amounts: dispositions of 480,056 and 700,000 derivative units; grants of 480,056 and 700,000 derivative units (total 1,180,056).
• Price/Value: N/A on the filing (derivative/option transactions).
• Vesting and term notes: new awards vest over four years with 25% vesting on each anniversary starting 05/11/2026 (footnote F1). The amendments may have involved cancellation of original options and grant of new options with extended expiration to 10/18/2030 (footnotes F3 and F5). The filing also references previously vested/cancelled option tranches (footnotes F2 and F4).
• Shares/options owned after the transactions: not specified in the excerpted data.
• No indication in the filing excerpt of a 10b5-1 plan, tax withholding sale, or that shares were immediately sold for cash.

Context

• These are derivative transactions (options/amendments), not open-market purchases or sales of common stock. The filing indicates old option rights were amended/cancelled and replaced by new option awards with a multi-year vesting schedule and extended expiration dates. Such option amendments are administrative/compensation events and do not by themselves indicate open-market buying or selling of the company’s common stock.