Zhihu's stock (ZH) plummeted 5.24% during intraday trading on Thursday, following the company's announcement of granting 855,700 restricted share units to eligible participants under its 2022 Share Incentive Plan.

The grants, which are subject to acceptance and fulfillment of the plan's terms, could lead to dilution of existing shareholders' equity, potentially contributing to the stock's decline. Such corporate actions often weigh on investor sentiment as they increase the number of shares outstanding.