uCloudlink (UCL) CFO Shi Yimeng Receives 500,000 RSU Award

What Happened
Shi Yimeng, Chief Financial Officer of uCloudlink Group Inc. (UCL), received a grant of 500,000 restricted share units (RSUs) on August 31, 2026. The Form 4 reports the acquisition as an award/grant (code A) at $0.00 cash paid. Each RSU represents a contingent right to one Class A ordinary share upon vesting.

Key Details

• Transaction date: 2026-08-31; filing date: 2026-09-01 (timely filed).
• Grant: 500,000 RSUs; reported acquisition price $0.00 (award).
• Vesting schedule (per filing): 50% vest on 8/31/2027 (250,000 RSUs); 20% on 8/31/2028 (100,000 RSUs); and 10% on each of 8/31/2029, 8/31/2030 and 8/31/2031 (50,000 RSUs each).
• Footnote highlights: F1 — one American Depositary Share (ADS) = 10 Class A ordinary shares. F2 — each RSU converts to one Class A ordinary share upon vesting under the 2019 Share Incentive Plan and the applicable award agreement.
• Shares owned after the reported transaction are not specified in the provided filing.

Context
This was a compensation award (not a market purchase or sale). RSUs are time- and service-conditioned and are not immediately tradable—value is realized only as units vest and convert to ordinary shares (and could be subject to withholding). Awards like this are common for executive retention and do not by themselves indicate a buy or sell signal.