Chen Xiangdong 4

What Happened

• Chen Xiangdong, CEO and director of Gaotu Techedu Inc. (GOTU), purchased 73,801 shares on 2026-06-16 at $2.28 per share, for a total reported cost of $167,949. The transaction is reported as a purchase (code P), indicating an acquisition rather than a sale.

Key Details

• Transaction date and price: 2026-06-16 at $2.28 per share.
• Total reported value: $167,949.
• Transaction type: Open-market or private purchase (P).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: The filing notes that every three ADSs represent two Class A ordinary shares.
• Filing timeliness: Reported on 2026-06-17 (one day after the trade), which is within the standard Form 4 reporting window.

Context

• This was a straight purchase, not an option exercise, award, gift, or tax-related withholding. Purchases by insiders can be interpreted as a direct acquisition of company stock (a potential bullish signal), but they should be considered alongside other information and not taken as proof of future performance.