Youdao SVP sells 6,750 ADS at $14.9665

Youdao, Inc. (DAO) reported that Senior Vice President Peng Su sold 6,750 Class A ordinary shares, in the form of American Depositary Shares, on September 9, 2026, at a weighted average price of $14.9665 per ADS, and now directly holds 12,000 shares.

Rhea-AI Filing Summary

Youdao, Inc. (DAO) reported that Senior Vice President Peng Su sold 6,750 Class A ordinary shares, in the form of American Depositary Shares, on September 9, 2026, at a weighted average price of $14.9665 per ADS, and now directly holds 12,000 shares. The shares sold reflected Restricted Stock Units that vested and settled into ADSs, and no Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Net Seller: 6,750 shares

Net Sell 1 txn

Insider Peng Su

Role Senior Vice President

Sold 6,750 shs

Type	Security	Shares	Price	Value
Sale	Class A Ordinary Shares F1, F2	6,750	--	--

Holdings After Transaction: Class A Ordinary Shares — 12,000 shares (Direct)

Footnotes (2)

1. F1. Reflects 6,750 RSU that vested and settled into American Depositary Shares ("ADSs"). This amount represents the ordinary shares underlying the ADSs acquired in connection with such vest.
2. F2. The weighted average price of the shares sold (in the form of ADS) was $14.9665.

Key Figures

Shares sold: 6,750 shares Weighted average sale price: $14.9665 per ADS Shares held after transaction: 12,000 shares +1 more

4 metrics

Shares sold 6,750 shares Class A ordinary shares (in the form of ADSs) sold on September 9, 2026

Weighted average sale price $14.9665 per ADS Weighted average price of ADSs sold in the reported transaction

Shares held after transaction 12,000 shares Direct Class A ordinary share holdings following the sale

RSU shares vested and settled 6,750 shares Restricted Stock Units that vested and settled into ADSs before sale

Key Terms

American Depositary Shares, Restricted Stock Units, weighted average price

3 terms

American Depositary Shares financial

"vested and settled into American Depositary Shares ("ADSs")"

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

Restricted Stock Units financial

"Reflects 6,750 RSU that vested and settled into American Depositary Shares"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

weighted average price financial

"The weighted average price of the shares sold (in the form of ADS)"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Youdao, Inc. (DAO) disclose for Peng Su?

Youdao, Inc. disclosed that Senior Vice President Peng Su sold 6,750 Class A ordinary shares, in the form of American Depositary Shares, on September 9, 2026. These shares came from vested Restricted Stock Units that settled into ADSs before the sale.

At what price were Peng Su’s Youdao (DAO) shares sold?

The filing states that the weighted average price of the shares sold by Peng Su, in the form of American Depositary Shares, was $14.9665 per ADS, based on the reported aggregate trading during the transaction.

How many Youdao (DAO) shares does Peng Su hold after the reported sale?

After the reported transaction, Peng Su directly holds 12,000 Class A ordinary shares of Youdao, Inc., as shown in the post-transaction holdings figure in the filing.

What was the source of the shares Peng Su sold in Youdao, Inc. (DAO)?

The filing explains that the 6,750 shares sold reflected Restricted Stock Units that vested and settled into American Depositary Shares, and the amount represents the ordinary shares underlying those ADSs acquired in connection with the vesting.

Was Peng Su’s Youdao (DAO) share sale made under a Rule 10b5-1 trading plan?

The document-level Rule 10b5-1 checkbox is not marked as being under such a plan, and the footnotes do not describe any trading arrangement, so no Rule 10b5-1 trading plan is reported for this transaction.

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

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Available on EDGAR 09/11/2026 - 06:12 AM EDT Accepted by SEC EDGAR 09/11/2026 - 06:12 AM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Peng Su

(Last) (First) (Middle)

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

XIBEIWANG EAST ROAD, HAIDIAN DISTRICT

(Street)

BEIJING 100193

(City) (State) (Zip)

CHINA

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/09/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Ordinary Shares(1)	09/09/2026		S		6,750	D	(2)	12,000	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reflects 6,750 RSU that vested and settled into American Depositary Shares ("ADSs"). This amount represents the ordinary shares underlying the ADSs acquired in connection with such vest.

2. The weighted average price of the shares sold (in the form of ADS) was $14.9665.

	/s/ Liting Ren, as attorney in fact for Peng Su	09/11/2026
	** 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 4 (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 4: SEC 1474 (03-26)