Youdao VP Li Yongwei reports option holdings

Youdao, Inc. Vice President Li Yongwei has filed an initial ownership report showing existing stock option awards.

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Rhea-AI Filing Summary

Youdao, Inc. Vice President Li Yongwei has filed an initial ownership report showing existing stock option awards. The filing lists two fully vested options over Youdao Class A ordinary shares: one for 20,000 shares granted on May 30, 2019 with a $3.5 exercise price expiring on May 31, 2027, and another for 6,300 shares granted on January 25, 2021 with a $4.5 exercise price expiring on January 26, 2027.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Li Yongwei

Role Vice President

Type	Security	Shares	Price	Value
holding	Option	--	--	--
holding	Option	--	--	--

Holdings After Transaction: Option — 26,300 contracts (Direct)

Footnotes (2)

F1. This Option award was granted on May 30, 2019, expiring on May 31, 2027, with the exercise price of $3.5 per share. All the award has been vested.
F2. This Option award was granted on January 25, 2021, expiring on January 26, 2027, with the exercise price of $4.5 per share. All the award has been vested.

FAQ

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What does Youdao (DAO) Vice President Li Yongwei report in this Form 3?

Li Yongwei reports existing stock option awards in this Form 3. The filing shows two fully vested options over Youdao Class A ordinary shares, detailing grant dates, exercise prices, share amounts, and expiration dates for each award.

How many Youdao (DAO) shares are covered by Li Yongwei’s reported options?

The reported options cover 26,300 Youdao Class A ordinary shares in total. One option covers 20,000 shares and another covers 6,300 shares, as disclosed in the initial ownership report for the company’s Vice President.

What are the exercise prices of Li Yongwei’s Youdao (DAO) stock options?

The options have exercise prices of $3.5 and $4.5 per share. The 20,000-share option was granted at $3.5 per share, and the 6,300-share option was granted at $4.5 per share, according to the disclosed option award footnotes.

When do Li Yongwei’s Youdao (DAO) option awards expire?

The disclosed options expire in 2027 on specified dates. The 20,000-share option expires on May 31, 2027, while the 6,300-share option expires on January 26, 2027, as described in the footnotes to the ownership report.

Are Li Yongwei’s Youdao (DAO) option awards fully vested?

Yes, both option awards are described as fully vested. The footnotes state that each option grant, one from May 2019 and one from January 2021, has fully vested, meaning all underlying shares are currently exercisable under the award terms.

Does this Youdao (DAO) Form 3 show any recent buy or sell transactions?

The Form 3 lists existing option holdings rather than new buy or sell transactions. It records Li Yongwei’s vested stock option awards and related details, serving as an initial disclosure of beneficial ownership in derivative securities.

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Accepted by SEC EDGAR 03/18/2026 - 06:32 AM EDT

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Li Yongwei

(Last)

(First)

(Middle)

BUILDING NO.7, WEST ZONE, NO. 10 YARD

XIBEIWANG EAST ROAD, HAIDIAN DISTRICT

(Street)

BEIJING

100193

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Youdao, Inc. [ DAO ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Vice President

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Option⁽¹⁾	⁽¹⁾	⁽¹⁾	Class A Ordinary Shares	20,000	⁽¹⁾	D
Option⁽²⁾	⁽²⁾	⁽²⁾	Class A Ordinary Shares	6,300	⁽²⁾	D

Explanation of Responses:

1. This Option award was granted on May 30, 2019, expiring on May 31, 2027, with the exercise price of $3.5 per share. All the award has been vested.

2. This Option award was granted on January 25, 2021, expiring on January 26, 2027, with the exercise price of $4.5 per share. All the award has been vested.

Remarks:

Exhibit 24.1 - Power of Attorney

	/s/ Liting Ren, as Attorney-in-Fact for Li Yongwei	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

Source: View Original Filing on SEC EDGAR