Li Yongwei 4

What Happened Li Yongwei, Vice President of Youdao, received 3,420 performance-based restricted share units (RSUs) that vested on June 1, 2026 and were converted into American Depositary Shares (ADSs). The grant/vesting is reported as an award (no purchase or sale); no per-share price or total dollar value is disclosed in the filing.

Key Details

• Transaction date: June 1, 2026 (vesting/conversion to ADSs)
• Transaction type: Award/vesting of RSUs (Form 4 code A)
• Shares/units: 3,420 RSUs vested and converted to ADSs
• Price/Value: Not disclosed (N/A in filing)
• Grant date: May 30, 2025 (per footnote)
• Terms: Award had no exercise price and no expiration (per footnote)
• Shares owned after transaction: Not specified in this filing
• Filing timeliness: Report filed the same day (June 1, 2026); no late filing indicated

Context This was a time- and performance-based equity vesting event (RSUs converting into ADSs), a common form of executive compensation. Such awards are typically routine compensation and do not by themselves indicate a buy or sell signal. The filing does not show any immediate sale or tax-withholding disposition of the vested shares.