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Youdao director may sell 21,198 ADSs, ~$353K

Youdao, Inc. (DAO) received a Rule 144 notice from independent director Shum Heung Yeung covering planned sales of ordinary shares represented by ADS.

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Youdao, Inc. (DAO) received a Rule 144 notice from independent director Shum Heung Yeung covering planned sales of ordinary shares represented by ADS. The notice relates to up to 21,198 ADSs, reported with an aggregate market value of $352,946.70 based on a closing ADS price of $16.65 on August 28. The securities were noted as received as service compensation. Shares outstanding were listed as 118,000,000 ordinary shares as of the notice context, a baseline figure, not the amount being sold. The ADSs are listed on the NYSE, and the notice date is August 31, 2026.

Positive

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Negative

  • None.
ADSs covered by notice 21,198 ADSs Ordinary shares represented as ADSs to be sold under Rule 144
Aggregate market value $352,946.70 Value of 21,198 ADSs based on closing price used for Rule 144
Closing ADS price $16.65 Closing price on August 28 used for Section 3(d) calculation
Shares outstanding 118,000,000 shares Number of ordinary shares outstanding for Youdao, Inc.
Date of notice 08/31/2026 Date the Form 144 notice was filed
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
ADS financial
"ORDINARY SHARES REPRESENTED AS ADS | CITIGROUP GLOBAL MARKETS"
Ads are paid promotional messages a company places across media — online, on TV, in print, or on social platforms — to attract customers, explain products, or shape public perception. For investors, ads matter because they drive sales growth, affect how much a company must spend to win customers, and influence brand strength and long-term value. Ads can also create regulatory or reputational risk if claims are misleading, which can affect profits and stock price.
service compensation financial
"08/31/2026 | SERVICE COMPENSATION | YOUDAO INC"
ordinary shares represented as ADS financial
"ORDINARY SHARES REPRESENTED AS ADS | 08/31/2026 | SERVICE COMPENSATION"

FAQ

What does the Form 144 filing mean for Youdao, Inc. (DAO)?

It is a notice that independent director Shum Heung Yeung may sell up to 21,198 ADSs of Youdao, Inc. under Rule 144. It does not itself execute a sale but provides required advance notice for potential sales of restricted or control securities.

How many Youdao (DAO) ADSs are covered by this Form 144 notice?

The Form 144 notice covers up to 21,198 ordinary shares represented as ADSs. This figure appears both in the securities information and in the securities-to-be-sold section of the notice as the amount associated with the planned Rule 144 sales.

What is the reported market value of the Youdao (DAO) securities in this Form 144?

The filing reports an aggregate market value of approximately $352,946.70 for the 21,198 ADSs. A remark notes this is based on a closing ADS price of $16.65 on August 28, used for Rule 144 calculation purposes.

How many Youdao, Inc. (DAO) shares are outstanding according to the Form 144?

The Form 144 lists 118,000,000 ordinary shares as the number of shares outstanding. This figure provides context for Rule 144 limits and is separate from the 21,198 ADSs covered by the notice.

How were the Youdao (DAO) ADSs in this Form 144 acquired?

In the securities-to-be-sold section, the filing states that the ordinary shares represented as ADSs were acquired as service compensation from Youdao Inc., indicating they are compensation-related holdings of the independent director.

On which exchange are the Youdao (DAO) ADSs in this filing listed?

The securities information section identifies the ordinary shares represented as ADSs as being listed on the NYSE. The Form 144 relates to potential sales of these NYSE-listed ADSs under Rule 144.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature