ByteDance Initiates First Repurchase of Doubao Shares, Price Rises 30.8% to $13.08

ByteDance recently initiated the first repurchase of Doubao Shares at $13.08 per share (about 89.4 yuan at current exchange rates), a 30.8% increase from the previous grant price of $10 per share.

The $13.08 price is the latest for Doubao Shares. Employees joining after March 1, 2026, who receive Doubao Share incentives will have their grant quantity calculated at this price. In Q4 2025, ByteDance piloted the Doubao long-term incentive plan, setting up a virtual share mechanism for its Doubao large model business to attract and retain talent via Doubao Share grants and repurchase mechanisms similar to Byte's options.

Additionally, ByteDance launched a new option repurchase yesterday: current employees get $229.5 per share (about 1568 yuan), while former employees get $201.96 per share (about 1380 yuan).