Large 51Talk (NYSE: COE) stakes reported via DCM funds
Rhea-AI Filing Summary
51Talk Online Education Group director Frank Hurst Lin filed a Form 3 reporting his ownership position in the company. The filing shows direct holdings of 1,119,495 Class A Ordinary Shares and large indirect interests held through several DCM investment funds. One fund, DCM Hybrid RMB Fund, L.P., holds 57,681,212 Class B Ordinary Shares, each convertible into one Class A Ordinary Share with no expiration date. Additional indirect Class A Ordinary Share positions are reported through DCM Ventures China Turbo Fund, L.P. and DCM Ventures China Turbo Affiliates Fund, L.P. The filing explains that these shares are legally held by the funds and notes that Lin may be deemed to have voting and investment power but disclaims group status and beneficial ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Lin Frank Hurst
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Class B Ordinary Shares — 57,681,212 shares (Indirect, By DCM Hybrid RMB Fund, L.P.);
Class A Ordinary Shares — 1,119,495 shares (Direct);
Class A Ordinary Shares — 10,017,832 shares (Indirect, By DCM Ventures China Turbo Fund, L.P.)
Footnotes (1)
- These shares are held directly by DCM Ventures China Turbo Fund, L.P. ("DCM Turbo"). DCM Turbo Fund Investment Management, L.P. ("DGP Turbo") is the general partner of DCM Turbo. DCM Turbo Fund International, Ltd. ("UGP Turbo") is the general partner of DGP Turbo. Frank Hurst Lin ("Lin") is a director of UGP Turbo and may be deemed to have voting and investment power over, and may be deemed to be an indirect beneficial owner of, the securities held by DCM Turbo. Lin disclaims the existence of a "group" and disclaims beneficial ownership of the reported securities, except to the extent of any pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. These shares are held directly by DCM Ventures China Turbo Affiliates Fund, L.P. ("Turbo Affiliates"). DGP Turbo is the general partner of Turbo Affiliates. UGP Turbo is the general partner of DGP Turbo. Lin is a director of UGP Turbo and may be deemed to have voting and investment power over, and may be deemed to be an indirect beneficial owner of, the securities held by Turbo Affiliates. Lin disclaims the existence of a "group" and disclaims beneficial ownership of the reported securities, except to the extent of any pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. Each Class B Ordinary Share is convertible at any time, at the holder's election, into one Class A Ordinary Share of the Issuer. The Class B Ordinary Shares have no expiration date. These shares are held directly by DCM Hybrid RMB Fund, L.P. ("DCM Hybrid"). DCM Hybrid RMB Fund Investment Management, L.P. ("DGP Hybrid") is the general partner of DCM Hybrid. DCM Hybrid RMB Fund International, Ltd. ("UGP Hybrid") is the general partner of DGP Hybrid. Lin is a director of UGP Hybrid and may be deemed to have voting and investment power over, and may be deemed to be an indirect beneficial owner of, the securities held by DCM Hybrid. Lin disclaims the existence of a "group" and disclaims beneficial ownership of the reported securities, except to the extent of any pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
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FAQ
What does Frank Hurst Lin’s Form 3 for 51Talk (COE) disclose?
The Form 3 discloses Frank Hurst Lin’s initial ownership in 51Talk, including 1,119,495 Class A Ordinary Shares held directly and significant additional indirect interests held through several DCM-managed investment funds.
How are Lin’s indirect 51Talk (COE) holdings structured in this Form 3?
Indirect holdings are reported through DCM Hybrid RMB Fund, L.P., DCM Ventures China Turbo Fund, L.P., and DCM Ventures China Turbo Affiliates Fund, L.P. General partner and management entities sit above these funds, where Lin serves as a director of certain upper-tier entities.
Are there buy or sell transactions in this 51Talk (COE) Form 3?
No. The Form 3 is an initial ownership report and lists share positions as of the reporting date. The summarized data show holding entries only, with no recorded purchases, sales, or option exercises in the reported transactions.