Chen Xiangdong 4

What Happened

Chen Xiangdong, CEO and director of Gaotu Techedu Inc. (GOTU), acquired 200,000 shares (ADSs) on 2026-06-11 at $2.23 per share, for a total transaction value of $447,000. The filing reports an open market or private purchase (transaction code P), which is a direct purchase rather than a sale or option exercise.

Key Details

• Transaction date: 2026-06-11; Filing date: 2026-06-12 (timely filing).
• Price and amount: 200,000 shares at $2.23 each — total ≈ $447,000.
• Transaction code: P (Purchase).
• Shares owned after transaction: Not disclosed in this Form 4 filing.
• Footnote: Every 3 ADSs represent 2 Class A ordinary shares (so 200,000 ADSs ≈ 133,333 Class A shares).
• No 10b5-1 plan, tax-withholding, or other special handling noted in the provided details.

Context

This was a straightforward insider purchase (often considered a more informative signal than routine sales), not an option exercise, gift, or award. The filing appears timely (filed the next day), and the ADS conversion ratio is noted for investors who want to translate ADS counts into underlying ordinary shares.