Zhihu, Inc. Class A ( (HK:2390) ) has provided an announcement.

Zhihu Inc. has granted 2,226,711 restricted share units to 30 eligible employees under its Amended and Restated 2022 Share Incentive Plan, equivalent to about 0.85% of its issued share capital on a one-share-one-vote basis. The awards, priced at US$0.01 per RSU against prevailing market prices in Hong Kong and New York, are structured with a mix of four-year, performance-linked vesting and shorter-term grants issued in lieu of cash performance bonuses.

The RSUs feature detailed vesting schedules, with some tranches vesting over 48 months and others vesting immediately or within 12 months, reflecting their role as replacements for salary or bonus entitlements. A performance matrix tied to individual roles governs the vesting of certain units, while robust clawback and forfeiture provisions ensure unvested awards are cancelled if performance targets are missed or if employees leave the company or are terminated for cause, aligning employee incentives more closely with long-term corporate performance and governance standards.