Wu Xiaoguang 4

What Happened

• Wu Xiaoguang, a director of 51Talk Online Education Group (COE), had 45,907 restricted stock units (RSUs vest) on April 1, 2026. The Form 4 reports an exercise/conversion of a derivative (code M) for 45,907 shares at $0.00 (acquired) and a corresponding derivative disposition entry of 45,907 shares at $0.00. No cash exchanged hands — this reflects vested RSUs converting into share ownership rather than an open‑market purchase or sale.

Key Details

• Transaction date: April 1, 2026; reported on Form 4 filed April 13, 2026 (filing appears late versus the 2‑business‑day Form 4 deadline).
• Price: $0.00 (conversion on vesting).
• Shares involved: 45,907 RSUs vested and converted on this date.
• Shares owned after transaction: Not specified in the filed excerpt.
• Transaction code: M = exercise or conversion of a derivative instrument (here, RSU conversion).
• Notable footnotes:
  • F2–F4: These were RSUs granted under the issuer’s plans (91,818 RSUs granted July 1, 2024; vesting in two installments of 45,907 on Apr 1, 2026 and 45,911 on Jul 1, 2026; the Apr 1 installment vested).
  • F1: Company uses American depositary shares (ADS); each ADS represents 60 Class A ordinary shares — 45,907 underlying shares would be roughly 765 ADS (approx.) if converted to ADS form.

Context

• This filing documents vested RSUs converting into shares (a non‑cash award settlement), not a market sale or purchase; such conversions are common on vesting and do not by themselves signal buying or selling intent. The Form 4 shows both an acquisition (conversion) and a derivative disposition entry consistent with RSU settlement mechanics. The filing date suggests the Form 4 was submitted after the typical two‑business‑day window, which is worth noting for timeliness but does not change the economic nature of the transaction.