Luo Bin 4

What Happened

• Luo Bin, Senior Vice President of Gaotu Techedu (GOTU), had 37,333 ADSs vest from RSUs on March 31, 2026 (recorded as exercise/conversion of a derivative). The company withheld 8,934 ADSs to cover tax liabilities, valued at $2.94 per ADS for a total withholding of $26,266. Net ADS delivered to Luo after withholding: 28,399 ADSs.
• The vested RSUs were recorded at $0 exercise price (typical for RSU vesting). This is an award/vesting event rather than an open-market buy or sale.

Key Details

• Transaction date: 2026-03-31; Form 4 filed 2026-04-02 (timely filing).
• Entries: M = exercise/conversion of derivative (37,333 ADSs vested/issued); F = tax withholding disposition (8,934 ADSs @ $2.94 = $26,266).
• Net ADS received by insider: 37,333 − 8,934 = 28,399 ADSs.
• Footnotes: F1 — share counts are ADSs; every 3 ADSs represent 2 Class A ordinary shares. F2 — these RSUs vested on March 31, 2026 and have no expiration.
• Shares owned after the transaction are not specified in the filing.

Context

• This was a routine RSU vesting with shares withheld for taxes (common and not a market-sale signal). The M-code entries reflect conversion/settlement of RSUs into ADSs; the F-code entry is the company withholding shares to satisfy tax obligations.