RLX Technology Inc. Chief Financial Officer Lu Chao filed a Form 4 on August 4, 2026, disclosing the grant of stock options covering 10,000,000 Class A ordinary shares under the company's 2021 Share Incentive Plan, with the earliest transaction date of July 31, 2026.

Key Highlights

  • Grant size: Lu Chao, Chief Financial Officer, received options covering a total of 10,000,000 Class A ordinary shares of RLX Technology Inc.
  • Exercise price: The options carry an exercise price of $0.00, as stated in the filing.
  • Grant date: The options were granted on July 31, 2026, under the issuer's 2021 Share Incentive Plan.
  • Expiration date: All tranches expire on July 31, 2036, according to the filing.
  • Vesting schedule: 1,700,000 shares become exercisable on each of July 31, 2027, 2028, 2029, 2030, and 2031, with the remaining 1,500,000 shares exercisable on July 31, 2032, subject to continued service.
  • Pre-existing non-derivative holdings: The filing shows 6,000,000 ADS (each representing one Class A Ordinary Share) listed as disposed of (D) in Table I, with no transaction code, date, or price recorded for that row.

Lu Chao Option Grant Details Under RLX Technology's 2021 Share Incentive Plan

According to the filing, Lu Chao, serving as Chief Financial Officer of RLX Technology Inc. (NYSE: RLX), acquired stock options on July 31, 2026 covering 10,000,000 Class A ordinary shares in total. The options were granted under the issuer's 2021 Share Incentive Plan and carry an exercise price of $0.00. All six tranches were acquired on the same date and share a common expiration date of July 31, 2036.

The filing discloses a six-part vesting schedule tied to the reporting person's continued service. Five tranches of 1,700,000 shares each become exercisable annually on July 31 of 2027, 2028, 2029, 2030, and 2031, respectively. A final tranche of 1,500,000 shares becomes exercisable on July 31, 2032. Following all reported transactions, the filing records Lu Chao's beneficially owned derivative securities at 10,000,000, held directly.

Table I of the filing lists 6,000,000 ADS, each representing one Class A Ordinary Share, marked as disposed of (D) in the beneficial ownership column. No transaction code, transaction date, or price is recorded for that line in the source document. The Form 4 was signed by Chao Lu and dated August 4, 2026. Lu Chao's address of record is Unit 1916, China Building, 29 Queen's Road Central, Hong Kong.

What Was Disclosed

The filing reports the grant of stock options on 10,000,000 Class A ordinary shares to RLX Technology's CFO, Lu Chao, at an exercise price of $0.00, vesting in six annual tranches between 2027 and 2032, expiring July 31, 2036.