uCloudlink (UCL) Director Ni Hope Receives 40,000 RSU Award

What Happened

• Ni Hope, a director of uCloudlink Group Inc. (UCL), was granted 40,000 Restricted Share Units (RSUs) on August 31, 2026. The award is reported as an acquisition at $0.00 (no cash paid). Each RSU represents a contingent right to receive one Class A ordinary share upon vesting.

Key Details

• Transaction date and filing: Grant dated Aug 31, 2026; Form 4 filed Sep 1, 2026 (appears timely).
• Amount and price: 40,000 RSUs awarded at $0.00 (transaction code A — award/grant).
• Vesting schedule: 50% (20,000 RSUs) vest on Aug 31, 2027; 20% (8,000) on Aug 31, 2028; and 10% (4,000) on each of Aug 31, 2029, 2030 and 2031, subject to the 2019 Plan and award agreement.
• Conversion note: Each RSU converts to one Class A ordinary share upon vesting. Separately, each ADS represents ten Class A ordinary shares (footnote).
• Shares owned after transaction: Not provided in the excerpt.

Context

• RSUs are contingent awards (not immediate share purchases); shares are issued only as units vest. Grants are a routine form of director compensation and do not by themselves indicate buying or selling intent.