Chen Xiangdong 4

What Happened
Chen Xiangdong, CEO and director of Gaotu Techedu Inc. (GOTU), made an open-market purchase (Form 4 code P) of 59,148 shares on 2026-06-17 at $2.42 per share, for a total reported value of $142,919. This was an acquisition (purchase), which investors often view as more informative than routine sales.

Key Details

• Transaction date: 2026-06-17; filed with the SEC on 2026-06-18.
• Price: $2.42 per share; Total reported value: $142,919.
• Transaction type: P = Purchase (open market).
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: F1 — every 3 ADSs represent 2 Class A ordinary shares. Under that conversion, 59,148 ADSs = 39,432 Class A ordinary shares.
• Filing timeliness: Filed one day after the transaction; the filing does not indicate a late report.

Context
The filing reports an open-market ADS purchase rather than an option exercise, gift, or award. The ADS conversion footnote is important for interpreting the economic interest in underlying ordinary shares. Purchases by insiders can be taken as a positive signal, but this single, modest-sized purchase ($142.9K) should be considered alongside other filings and company fundamentals.