uCloudlink (UCL) Director Kong Ying Receives 40,000 RSUs

What Happened

• Kong Ying, a director of uCloudlink Group Inc. (UCL), received a grant of 40,000 Restricted Share Units (RSUs) on August 31, 2026. The RSUs were granted at $0.00 (no cash paid) and represent a contingent right to receive one Class A ordinary share per RSU upon vesting.
• Aggregate reported value at grant was $0 (typical for equity awards where no cash is paid at grant).

Key Details

• Transaction date: 2026-08-31; Form 4 filed: 2026-09-01 (appears timely).
• Grant type/code: A (award/grant); price per share: $0.00.
• Vesting schedule (per filing): 50% vests 8/31/2027; 20% vests 8/31/2028; 10% vests each 8/31/2029, 8/31/2030, and 8/31/2031, subject to plan and award agreement.
• Each RSU converts to one Class A ordinary share on vesting. Per filing footnote, each American Depositary Share (ADS) represents ten Class A ordinary shares, so 40,000 RSUs would equal 4,000 ADSs if converted to ADS form.
• Shares owned after transaction: not specified in the Form 4 excerpt provided.
• No indication of tax withholding, 10b5-1 plan, or sale/transfer in this filing.

Context

• RSU grants are compensation awards, not open-market purchases or sales; they vest over time and are contingent on continued service and plan terms. They do not represent immediately tradable shares until vested and settled.