Youdao president plans ~$1.15M ADS sale
Youdao, Inc. (DAO) was named as the issuer in a Form 144 notice filed on behalf of its president, Jin Lei.
Rhea-AI Filing Summary
Youdao, Inc. (DAO) was named as the issuer in a Form 144 notice filed on behalf of its president, Jin Lei. The notice covers planned sales under Rule 144 of 70,047 ordinary shares represented by ADS of Youdao through Citigroup Global Markets.
The filing estimates an aggregate market value of about $1,148,070.33 for the securities, based on a $16.39 ADS closing price on August 31. The class is reported as having 118,000,000 ordinary shares outstanding for Rule 144 calculation purposes. The planned sales may occur beginning around early September 2026 on the NYSE.
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Key Figures
ADS to be sold: 70,047 ordinary shares represented as ADS
Aggregate market value: $1,148,070.33
Closing price per ADS: $16.39
+3 more
6 metrics
ADS to be sold
70,047 ordinary shares represented as ADS
Planned sales under Rule 144 for account of Jin Lei
Aggregate market value
$1,148,070.33
Estimated value of 70,047 ADS for Rule 144, based on closing price
Closing price per ADS
$16.39
ADS closing price on August 31 used for Rule 144 calculation
Ordinary shares outstanding
118,000,000 ordinary shares
Outstanding Youdao ordinary shares for the relevant class in Rule 144 section
Date of Notice
09/01/2026
Date the Form 144 notice was signed
Planned sale date reference
09/02/2026
Date associated with broker and securities-to-be-sold sections
Key Terms
Rule 144, ordinary shares represented as ADS, service compensation
3 terms
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.
service compensation financial
"ORDINARY SHARES REPRESENTED AS ADS | 09/01/2026 | SERVICE COMPENSATION"
FAQ
What does Youdao, Inc. (DAO) disclose in this Form 144?
The Form 144 states that Youdao’s president, Jin Lei, has filed a notice to sell up to 70,047 ordinary shares represented as ADS of Youdao, Inc. under Rule 144, with sales expected to be made on the NYSE through Citigroup Global Markets.
How many Youdao (DAO) ADS are planned to be sold under this Form 144?
The notice covers up to 70,047 ordinary shares represented as ADS of Youdao, Inc. This is the amount indicated in the securities information and securities-to-be-sold sections of the Form 144 filing.
What is the estimated value of the Youdao (DAO) securities in this Form 144?
The filing shows an estimated aggregate market value of about $1,148,070.33 for the 70,047 ADS. A remark explains that this is based on a $16.39 closing price for the ADS on August 31.
What dates and price are associated with the Youdao (DAO) Form 144 filing?
The notice is dated September 1, 2026. A remark states that the Rule 144 volume calculation is based on the $16.39 ADS closing price on August 31. The broker information references a date of September 2, 2026 for potential sales.
AI-generated analysis. How Rhea-AI works. Not financial advice.