Peng Su 4

What Happened
Peng Su, Senior Vice President of Youdao, Inc. (DAO), was granted 10,000 restricted stock units (RSUs) on May 29, 2026. The award is denominated in American Depositary Shares (ADS) and carries no exercise price. No cash purchase or sale occurred—this is a compensation grant rather than an open-market trade. The Form 4 was filed on June 1, 2026.

Key Details

• Transaction date: May 29, 2026; Form 4 filed June 1, 2026 (within the typical 2-business-day reporting window).
• Transaction type: Award/Grant (code A); 10,000 RSUs acquired; price per share: N/A (no exercise price).
• Vesting schedule (footnote): 3,000 ADS vest on Sept 1, 2026; 3,000 ADS vest on Sept 1, 2027; 4,000 ADS vest on Sept 1, 2028. Award has no expiration date.
• Shares owned after transaction: not specified in the information provided in this summary.
• No 10b5-1 plan, tax-withholding mechanics, or immediate sale were reported in the provided filing.

Context
RSUs are a form of equity compensation that convert into shares (here, ADS) when they vest; they are typically taxable as income upon vesting. Because this is a time-based compensation grant rather than a market purchase or sale, it reflects executive compensation policy more than an immediate insider view of the company’s stock.