Meituan-W converted 13.3866 million shares of Class A common stock to Class B common stock
Meituan-W announced on August 30, 2024, that 13.3866 million Class A common shares will be converted into Class B common shares. Meanwhile, on August 29, August 27, and August 9, 2024, employees exercised their stock options under the share incentive plan prior to the initial public offering, issuing 500 shares, 904 shares, and 1500 shares respectively
According to the announcement from Meituan-W (03690) on the Zhitong Finance APP, the company converted 13.3866 million Class A ordinary shares to Class B ordinary shares on August 30, 2024.
On August 29, 2024, employees (excluding directors) exercised 500 shares by exercising stock options under the pre-IPO employee share incentive plan; on August 27, 2024, employees (excluding directors) exercised 904 shares by exercising stock options under the pre-IPO employee share incentive plan; on August 9, 2024, employees (excluding directors) exercised 1500 shares by exercising stock options under the pre-IPO employee share incentive plan