51Talk Online Education Group: 10% owner Lin Frank Hurst exercised 18,180 shares

What happened

• Lin Frank Hurst, identified as a 10% owner, exercised or converted a derivative that resulted in the acquisition of 18,180 Class A ordinary shares on Oct 1, 2026 at $0.00 per share (total $0). The filing also reports a disposition of 18,180 Class A ordinary shares on Oct 1, 2026 at $0.00 per share (total $0).

Key details

• Transaction date(s) and price(s): Oct 1, 2026; $0.00 per share; transaction code M (exercise/conversion of a derivative) for both acquisition and disposition.
• Shares owned after the transaction: the filing does not state the total amount beneficially owned following the reported transactions.
• Relevant footnotes:
  • F1: Class A ordinary shares are held as ADS; each ADS represents 60 Class A ordinary shares.
  • F4–F6: the shares relate to restricted share units (RSUs). RSUs were granted and RSUs vested on Oct 1, 2026; following the vesting reported, 54,540 Class A ordinary shares remain subject to future vesting under the grant.
  • F2–F3: certain shares are held by DCM-related funds; Lin is a director of an entity in the ownership chain and may be deemed to have voting and investment power over those fund-held securities but disclaims beneficial ownership except for any pecuniary interest.
• Filing date: Oct 8, 2026; transaction date: Oct 1, 2026.

Why it may matter

• The filing shows a derivative was exercised/converted and an equal number of shares were disposed the same day, rather than being retained after vesting.
• Lin Frank Hurst is reported as a 10% owner (a large holder), not as an executive in the filing.
• A filing does not show why the insider traded or why the company acted.