uCloudlink (UCL) CEO Chen Chaohui Receives RSU Award

What Happened Chen Chaohui, CEO of uCloudlink Group Inc. (UCL), received a grant of 1,000,000 Restricted Share Units (RSUs) on August 31, 2026. The RSUs were granted under the company's 2019 Share Incentive Plan and are reported at a grant value of $0 in the filing. Each RSU represents a contingent right to one Class A ordinary share upon vesting; using the filing's ADS convention, those 1,000,000 Class A shares would equal 100,000 ADSs (1 ADS = 10 Class A shares).

Key Details

• Transaction date and type: 2026-08-31 — Award/Grant (Code A). Grant price reported $0.00.
• Grant specifics: 1,000,000 RSUs granted under the 2019 Plan.
• Vesting schedule: 50% vests 8/31/2027; 20% vests 8/31/2028; 10% vests on each of 8/31/2029, 8/31/2030, and 8/31/2031.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes of note: F1 — 1 ADS = 10 Class A ordinary shares. F2 — RSUs are contingent rights to receive Class A shares upon vesting and subject to the plan and award agreement.
• Filing timeliness: Transaction dated 8/31/2026 was reported on Form 4 filed 9/1/2026 (timely within typical Form 4 reporting requirements).

Context RSU grants are a form of compensation, not an open-market purchase or sale; the recipient does not receive shares until RSUs vest, and vesting is subject to plan terms and any forfeiture conditions. Such awards are common for executives and do not by themselves indicate near-term buying or selling intent. If/when RSUs vest, tax withholding or other mechanisms may affect how many shares are ultimately delivered.