SenseTime Group Inc. (SENSETIME-W) disclosed that on 21 April 2026 it approved the grant of 238.30 million restricted share units (RSUs) to employee participants under its 2022 Restricted Share Unit Scheme. The award represents approximately 0.59% of the company’s total issued shares as of the announcement date.
The RSUs, granted at no purchase cost, give grantees a conditional right—upon vesting—to receive an equivalent number of new Class B shares or cash. Settlement will be made through the issuance of new shares within the existing scheme mandate limit, for which the company will seek a listing approval from the Hong Kong Stock Exchange. The closing market price of SenseTime’s Class B shares on the grant date was HK$2.01.
Vesting spans roughly 12 to 49 months, with the first tranche vesting no earlier than 12 months after grant. Vesting is tied to performance metrics set at the discretion of the board chairman. A clawback mechanism applies if participants breach contractual or legal obligations, face criminal charges, violate non-competition or confidentiality clauses, or engage in conduct causing material harm to the group. Triggering events will cause unvested RSUs to lapse and already-vested shares to be returned in shares or cash as determined by the board.
No directors, chief executives, substantial shareholders, related entity participants, or service providers are among the grantees. The grant also remains below the individual 1% cap stipulated by Hong Kong Listing Rule 17.03D(1), eliminating the need for shareholder approval.
Following this issuance, 1.01 billion Class B shares (2.50% of current issued shares) remain available for future grants under the 2022 RSU Scheme, of which 327.80 million shares (0.81% of issued shares) are reserved for service providers.
Comments