Youdao (NYSE: DAO) director details indirect Class A and B stakes
Rhea-AI Filing Summary
Youdao, Inc. director William Lei Ding filed a Form 3 reporting his initial beneficial ownership in the company. He indirectly owns 2,493,723 Class A ordinary shares through American Depositary Shares held by Dragon Creation Technology Limited and NetEase, Inc. He also indirectly owns 29,751,158 Class B ordinary shares held of record by NetEase, Inc.
These positions are held through layered entities and trusts where Mr. Ding is the settlor and sole director and retains investment and dispositive powers. The filing records existing indirect holdings and does not report any new purchases or sales of Youdao shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
DING WILLIAM LEI
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A Ordinary Shares | -- | -- | -- |
| holding | Class B Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Class A Ordinary Shares — 2,493,723 shares (Indirect, See Footnote);
Class B Ordinary Shares — 29,751,158 shares (Indirect, See Footnote)
Footnotes (3)
- F1. Consists of (i) 1,175,000 American Depositary Shares ("ADSs"), representing 1,175,000 Class A ordinary shares held of record by Dragon Creation Technology Limited, a company incorporated under the laws of the British Virgin Islands, and (ii) 1,318,723 ADSs, representing 1,318,723 Class A ordinary shares held of record by NetEase, Inc. (of which Mr. Ding is the chief executive officer, a director and the largest shareholder).
- F2. Dragon Creation Technology Limited is wholly owned by Sino Intelligence Holding Limited, which is in turn wholly owned by Sino Intelligence Trust, or the Trust, for which TMF (Cayman) Ltd. acts as the trustee. Mr. Ding is the sole director of Dragon Creation Technology Limited and the settlor of the Trust, retaining the investment and dispositive powers with respect to the assets of the Trust. The beneficiaries of the Trust are William Lei Ding and his family. In addition, Mr. Ding, through Shining Globe International Limited, beneficially owns approximately 45.5% equity interest in NetEase as of February 28, 2026. Shining Globe International Limited is wholly owned by Shining Globe Holding Limited, which is in turn wholly owned by Shining Globe Trust. Mr. Ding, being the sole director of Shining Globe International Limited and the settlor of the Shining Globe Trust, retains the investment and dispositive powers with respect to the assets of the Shining Globe Trust.
- F3. Consists of 29,751,158 Class B ordinary shares held of record by NetEase, Inc. For details of the relationship between NetEase, Inc. and Mr. Ding, please see footnote (1) and (2) above.
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FAQ
Are William Lei Ding’s Youdao (DAO) holdings on this Form 3 direct or indirect?
All reported holdings are indirect. Class A shares are held via ADSs owned by Dragon Creation Technology Limited and NetEase, Inc., while Class B shares are held by NetEase, Inc., with Mr. Ding retaining investment and dispositive powers through related trust structures.
What is William Lei Ding’s relationship with NetEase, Inc. as noted in the Youdao (DAO) Form 3?
Mr. Ding is described as chief executive officer, a director and the largest shareholder of NetEase, Inc. Through Shining Globe International Limited, he beneficially owns approximately 45.5% equity in NetEase as of February 28, 2026, according to the footnotes.
Does this Youdao (DAO) Form 3 show any recent insider buying or selling by William Lei Ding?
No new buying or selling is reported. The entries are classified as holdings, with no transaction code indicating purchases or sales. The Form 3 simply establishes Mr. Ding’s existing indirect beneficial ownership in Youdao’s Class A and Class B ordinary shares.