51Talk (COE) CEO Jack Huang details direct and trust-held shares
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
51Talk Online Education Group director and CEO Jack Jiajia Huang has filed an initial Form 3 reporting his beneficial ownership of the company’s shares. The filing shows direct ownership of 7,297,560 Class A ordinary shares and additional indirect Class A holdings through entities including Dasheng Global Limited, HH Talent Limited, and his spouse, as well as Class B ordinary shares held through Dasheng Global Limited and Dasheng Online Limited. He also reports multiple restricted share unit grants with a zero exercise price that each represent the right to receive Class A ordinary shares between 2026 and 2028, with expiration dates in 2033 and 2035. Footnotes state that the Class A ordinary shares are held in the form of American depositary shares, with each ADS representing sixty Class A ordinary shares, and describe the trust structures through which the indirect holdings are beneficially owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
16 transactions reported
Mixed
16 txns
Insider
Huang Jack Jiajia
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Share Units (RSUs) | -- | -- | -- |
| holding | Restricted Share Units (RSUs) | -- | -- | -- |
| holding | Restricted Share Units (RSUs) | -- | -- | -- |
| holding | Restricted Share Units (RSUs) | -- | -- | -- |
| holding | Restricted Share Units (RSUs) | -- | -- | -- |
| holding | Restricted Share Units (RSUs) | -- | -- | -- |
| holding | Restricted Share Units (RSUs) | -- | -- | -- |
| holding | Restricted Share Units (RSUs) | -- | -- | -- |
| holding | Restricted Share Units (RSUs) | -- | -- | -- |
| holding | Restricted Share Units (RSUs) | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
| holding | Class B Ordinary Shares | -- | -- | -- |
| holding | Class B Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units (RSUs) — 275,000 shares (Indirect, By Dasheng Global Limited);
Class A Ordinary Shares — 7,297,560 shares (Direct);
Class A Ordinary Shares — 41,563,800 shares (Indirect, By Dasheng Global Limited);
Class B Ordinary Shares — 30,390,321 shares (Indirect, By Dasheng Global Limited)
Footnotes (1)
- The Class A ordinary shares are held in the form of American depositary shares. Each American depositary share represents sixty Class A ordinary shares. Each of Dasheng Global Limited and Dasheng Online Limited is a British Virgin Islands company. The reporting person is the sole director of Dasheng Global Limited, and Ms. Ting Shu, who is the spouse of the reporting person, is the sole director of Dasheng Online Limited. Each of Dasheng Global Limited and Dasheng Online Limited is wholly beneficially owned by Dasheng International Holdings Limited, which is in turn wholly owned by TB Family Trust, for which TMF (Cayman) Ltd. acts as the trustee (the "Trustee"). S.B. Vanwall Ltd., appointed by the Trustee, is the sole director of Dasheng International Holdings Limited. The settlors of TB Family Trust are reporting person and Ms. Ting Shu. The reporting person, Ms. Ting Shu and their family members are beneficiaries under TB Family Trust. As a result, both reporting person and Ms. Ting Shu are deemed to be beneficial owners of the shares directly held by Dasheng Global Limited and Dasheng Online Limited. HH Talent Limited is a British Virgin Islands company. The reporting person is the sole director of HH Talent Limited. HH Talent Limited is wholly beneficially owned by HH Talent Holdings Limited, which is in turn wholly owned by HH Talent Trust, for which the Trustee (as defined above) also acts as the trustee. S.B. Vanwall Ltd., appointed by the Trustee, is the sole director of HH Talent Holdings Limited. The settlor of HH Talent Trust is the reporting person. The reporting person and his family members are beneficiaries under HH Talent Trust. As a result, the reporting person is deemed to be beneficial owners of the shares directly held by HH Talent Limited. The reporting person disclaims beneficial ownership of the shares held by his spouse except to the extent of his pecuniary interest, if any, and this report should not be deemed an admission that the reporting person is the beneficial owner of his spouse's shares for purposes of Section 16 or for any other purpose. Represents RSUs granted to the reporting person pursuant to the issuer's share incentive plans. Each RSU represents the contingent right to receive one (1) class A ordinary share of issuer upon vesting.
FAQ
What does Jack Jiajia Huang’s Form 3 for 51Talk (COE) report?
The Form 3 reports Jack Jiajia Huang’s initial beneficial ownership in 51Talk. It lists his roles as director, chief executive officer, and more than ten percent owner, and details direct and indirect holdings of Class A and Class B ordinary shares, plus multiple restricted share unit awards.