Cambricon 561,000 Incentive Shares Unlock August 20 Worth 690M Yuan

Cambricon registers first vesting of 2023 Restricted Stock Plan. 561,000 shares unlock Aug 20 for 124 employees, totaling 690M yuan at current prices.

Woofun AI reports that Cambricon has obtained the Transfer Registration Confirmation Letter and Securities Change Registration Certificate from China Securities Depository and Clearing Corporation Shanghai Branch. This confirms the completion of share registration for the first vesting period of the 2023 Restricted Stock Incentive Plan.

A total of 561,000 shares will become tradable on August 20, 2026, for 124 eligible individuals. The total restricted shares subject to vesting amount to 597,600, comprising 36,600 shares from company buybacks and 561,000 from targeted issuance. Based on a closing price of 1,156 yuan per share, the total value is 690 million yuan, averaging 5.5715 million yuan per recipient.