Peng Zhiping 4
4 · uCloudlink Group Inc. · Filed Jun 8, 2026
Research Summary
AI-generated summary of this filing
uCloudlink (UCL) 10% Owner Peng Zhiping Buys Shares
What Happened
Peng Zhiping, a reported 10% owner of uCloudlink Group Inc. (UCL), acquired a total of 20,000 American depositary shares (ADSs) in two open-market purchases reported on a Form 4 filed 2026-06-08. On 2026-06-04 he bought 10,000 ADSs at a weighted average price of $1.00 (aggregate ~$9,999) and on 2026-06-05 he bought 10,000 ADSs at a weighted average price of $1.09 (aggregate ~$10,874). Total disclosed cash outlay for the two purchases is about $20,873. These are purchases (a net buy), which many investors view as a more informative signal than routine sales.
Key Details
- Transaction dates and prices:
- 2026-06-04: 10,000 ADSs at $1.00 (weighted average; aggregate $9,999). Footnote F2: same-day purchases priced between $0.9935–$1.00 reported in aggregate.
- 2026-06-05: 10,000 ADSs at $1.09 (weighted average; aggregate $10,874). Footnote F3: same-day purchases priced between $1.06–$1.09 reported in aggregate.
- Total: 20,000 ADSs, ~ $20,873 total consideration.
- ADS conversion: Each ADS represents 10 Class A ordinary shares (footnote F1). The 20,000 ADSs equal 200,000 underlying Class A ordinary shares.
- Filing timeliness: Form filed 2026-06-08. The 6/4 purchase is marked "L" (late) on the filing; the 6/5 purchase is not so flagged. The filer offers to provide a price-by-price breakdown on request.
- Shares owned after the transactions are not specified in the provided filing details.
Context
- The purchases are relatively small in dollar terms (~$21k total) but are insider buys by a significant (10%) holder. For retail investors, purchases can indicate confidence but should be weighed against size, timing, and overall ownership position.
- As a 10% owner (not necessarily an executive), Peng’s trades are subject to Form 4 reporting rules; the "L" tag on the 6/4 trade indicates a late reporting item, which investors may note when assessing disclosure timeliness.
Insider Transaction Report
- Small Acquisition
American depositary shares
[F1][F2]2026-06-04$1.00/sh+10,000$9,999→ 505,736 total - Purchase
American depositary shares
[F1][F3]2026-06-05$1.09/sh+10,000$10,874→ 515,736 total
- 4,954,830
Class A Ordinary Share, par value US$0.00005 per share
Footnotes (3)
- [F1]Each American depositary share ("ADS") represents ten Class A ordinary shares.
- [F2]The price reported in Column 4 is a weighted average price of ADS. The reporting person executed a trade order through a broker-dealer which resulted in multiple same-day, same-way open market purchases of ADSs, with prices ranging from $0.9935 to $1.00, inclusive. The reporting person has reported these purchases on an aggregate basis using the weighted average price, rounded to the nearest cent, for the transactions. The reporting person undertakes to provide to UCLOUDLINK GROUP INC , any security holder of UCLOUDLINK GROUP INC , or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of ADS purchased at each separate price within the ranges set forth in footnotes (2) and (3) to this Form 4.
- [F3]The price reported in Column 4 is a weighted average price of ADS. The reporting person executed a trade order through a broker-dealer which resulted in multiple same-day, same-way open market purchases, with prices ranging from $1.06 to $1.09, inclusive. The reporting person has reported these purchases on an aggregate basis using the weighted average price, rounded to the nearest cent, for the transactions.