EDU Director Zhuge Yue Receives 3,000 ADSs, Sells 830 to Cover Taxes

What Happened

• Zhuge Yue, a director of New Oriental Education & Technology Group (EDU), had restricted share units vest on July 15, 2026. The RSUs were settled into 3,000 American Depositary Shares (ADSs) (no cash paid on conversion).
• As part of a sell-to-cover tax withholding on July 16, 2026, 830 ADSs were sold at $49.91 each for total proceeds of $41,425. Net from the vesting and withholding, Zhuge Yue acquired 2,170 ADSs.

Key Details

• Transaction dates: July 15, 2026 (RSU vesting/settlement), July 16, 2026 (sell-to-cover for taxes).
• Prices/values: ADSs received on settlement reported at $0.00 (conversion of RSUs). 830 ADSs sold at $49.91 each for $41,425 total.
• Shares owned after transaction: Filing does not disclose total pre-existing holdings; net increase of 2,170 ADSs from this vesting and sell-to-cover.
• Footnotes: Each ADS represents ten underlying common shares. Each RSU represented a contingent right to receive 1/10 ADS; the RSUs vested and were settled on July 15, 2026. The 830 ADS sale was a sell-to-cover to satisfy income tax liabilities.
• Timeliness: Report filed July 16, 2026 (period of report July 15, 2026); filing appears timely.

Context

• This was an award/vesting event (RSUs converting to ADSs) with a routine sell-to-cover for taxes, not an open-market investment purchase or discretionary sale. Such transactions typically reflect compensation vesting and tax obligations rather than a direct signal of insider sentiment.