ESOPJun 12, 2026, 08:56 AM
Hesai Group Grants 737,054 RSUs to 302 Employees
AI Summary
Hesai Group announced the grant of 737,054 Restricted Stock Units (RSUs) to 302 employees under its 2021 share incentive plan. The awards, representing an equal number of Class B Ordinary Shares, have a nil purchase price. The market value on the grant date was HK$143.7 per Class B Ordinary Share and US$18.06 per ADS. Vesting occurs over four years for most awards, with a portion vesting semi-annually over 48 months. The grants are not tied to performance targets and include clawback provisions.
Key Highlights
- Hesai Group granted 737,054 RSUs to 302 employees under the 2021 Plan.
- The awards represent 737,054 Class B Ordinary Shares with a nil purchase price.
- Market price on grant date: HK$143.7 per Class B Ordinary Share and US$18.06 per ADS.
- Vesting schedules include a four-year period for 688,229 RSUs and semi-annual vesting over 48 months for 48,825 RSUs.
- Vesting is not subject to performance targets.
- Awards are subject to clawback provisions upon termination for cause or during restriction periods.
Price Impact
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