Shum Heung Yeung 4

What Happened

• Shum Heung Yeung, a director of Youdao, Inc. (DAO), received an award of 11,450 shares in the form of American Depositary Shares (ADS) on May 29, 2026. The grant is a time‑based restricted stock unit (RSU) award with no exercise price and no expiration; no dollar value or exercise price was reported.

Key Details

• Transaction date: 2026-05-29 (Form 4 filed 2026-06-01; filing appears timely).
• Transaction type/code: A — Award/Grant of RSUs.
• Quantity: 11,450 ADS; Price per share: N/A; Total value: N/A (not specified in filing).
• Vesting: All shares are scheduled to vest on June 1, 2027 (per footnote).
• Form: Award issued in the form of American Depositary Shares (ADS) (per footnote).
• Shares owned after transaction: not stated in the provided excerpt.

Context

• This was a compensation grant (RSU award), not an open‑market purchase or sale. RSUs convert into shares (ADS) upon vesting; because these vest in one year (June 1, 2027) and carry no exercise price, they represent future compensation rather than an immediate cash transaction. Such grants are common for executive/director compensation and do not by themselves indicate a buy or sell decision.