Lai Jimmy Y. 4

4 · Youdao, Inc. · Filed Jun 1, 2026

AI-generated summary of this filing

Updated Jun 1, 2026

Youdao (DAO) Director Lai Jimmy Y. Exercises Options, Sells ADSs

What Happened

Director Lai Jimmy Y. exercised 3,997 stock options on May 28, 2026 (exercise price $4.50 per share) and the resulting ADSs were sold in the open market the same day at a weighted average price of $11.5265, generating gross proceeds of approximately $46,071.42. The exercise cost was $4.50 per share (total $17,986.50).
On May 29, 2026, Lai was granted a time‑based RSU award of 11,450 shares with no exercise price; those RSUs are scheduled to vest on June 1, 2027.

Key Details

Transaction dates: Option exercise and sale — May 28, 2026; RSU grant — May 29, 2026.
Sale price: weighted average $11.5265 per share; gross sale proceeds ≈ $46,071.42.
Exercise price: $4.50 per share (3,997 options exercised).
RSU grant: 11,450 shares, no exercise price, vests on June 1, 2027 (no expiration noted).
Shares owned after the transactions: not specified in the filing.
Filing: Form 4 filed June 1, 2026 for a May 28 transaction — filed after the typical 2-business-day window (appears late).

Context

This was an exercise-and-sell transaction (the options were exercised and the resulting ADSs were sold the same day), a common way for insiders to realize gains from vested options; it does not necessarily indicate a view on the company's long-term prospects.
The newly granted RSUs are a form of compensation that will convert to shares if and when they vest (June 1, 2027).

Form 4

Period: 2026-05-28

Director

Transactions

Exercise/Conversion
Class A Ordinary Shares
[F1]
2026-05-28+3,997→ 54,218 total
Sale
Class A Ordinary Shares
[F2]
2026-05-28−3,997→ 50,221 total
Award
Restricted Share Unit
[F3]
2026-05-29+11,450→ 26,002 total
Exercise/Conversion
Option
[F4]
2026-05-28−3,997→ 13,201 total
→ class A ordinary shares (3,997 underlying)

Footnotes (4)

[F1]Reflects 3,997 option award that exercised (with the exercise price of $4.5 per share) and settled into American Depositary Shares ("ADSs"). This amount represents the ordinary shares underlying the ADSs acquired in connection with such option exercise.
[F2]The weighted average price of the shares sold was 11.5265 USD per share.
[F3]This time-based RSU award (11,450 shares) was granted on May 29, 2026, with no expiration date, subject to the terms and conditions of the underlying award agreement. All of the shares scheduled to be vested on June 1, 2027 with no exercise price.
[F4]The disposed 3,997 option award was granted on January 25, 2021, expiring on January 26, 2027, with the exercise price of $4.5 per share and exercised on May 28, 2026.

Signature

/s/ Liting Ren, as Attorney-in-Fact for Lai Jimmy Y.|2026-06-01

1 file