Youdao (DAO) vice president gains 3,420 shares from performance-based RSU vesting

Rhea-AI Filing Summary

Youdao, Inc. reported that Vice President Li Yongwei acquired 3,420 Class A ordinary shares through the vesting of a performance-based restricted share unit (RSU) award. The award was originally granted on May 30, 2025 and vested on June 1, 2026 with no exercise price.

The RSUs vested in the form of American Depositary Shares, meaning Li received shares as part of compensation rather than buying them in the market. Following this vesting, Li directly holds 3,420 Class A ordinary shares, reflecting a routine equity compensation event.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Li Yongwei

Role Vice President

Type	Security	Shares	Price	Value
Grant/Award	Class A Ordinary Shares	3,420	$0.00	--

Holdings After Transaction: Class A Ordinary Shares — 3,420 shares (Direct, null)

Footnotes (1)

1. Reflects the performance-based restricted share unit ("RSU") vested on June 1, 2026, in the form of American Depositary Shares after such RSU vest. The vested 3420 restricted share award was granted on May 30, 2025, with no expiration date and no exercise price, which vested on June 1, 2026.

Key Figures

RSU shares vested: 3,420 shares Shares held after transaction: 3,420 shares Exercise price: $0.0000 per share +2 more

5 metrics

RSU shares vested 3,420 shares Performance-based RSU vested on June 1, 2026

Shares held after transaction 3,420 shares Direct Class A ordinary share ownership following vesting

Exercise price $0.0000 per share Restricted share award vested with no exercise price

Grant date May 30, 2025 Restricted share award originally granted

Vesting date June 1, 2026 Performance-based RSU vested into ADSs

Key Terms

performance-based restricted share unit ("RSU"), American Depositary Shares, restricted share award

3 terms

performance-based restricted share unit ("RSU") financial

"Reflects the performance-based restricted share unit ("RSU") vested on June 1, 2026"

American Depositary Shares financial

"vested on June 1, 2026, in the form of American Depositary Shares after such RSU vest"

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 share award financial

"The vested 3420 restricted share award was granted on May 30, 2025"

A restricted share award is a grant of company stock given to an employee or executive that only becomes permanent ownership if certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of it as a gift locked in a box that opens when the rules are satisfied; for investors, these awards can dilute existing shares and signal management’s incentives and confidence in future performance.

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Form 4 Insider Transactions: What Each Field Means →

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^*

Li Yongwei

(Last) (First) (Middle)

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

XIBEIWANG EAST ROAD, HAIDIAN DISTRICT

(Street)

BEIJING CHINA 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)
	Vice President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

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)	06/01/2026		A		3,420(2)	A	(2)	3,420	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 the performance-based restricted share unit ("RSU") vested on June 1, 2026, in the form of American Depositary Shares after such RSU vest.

2. The vested 3420 restricted share award was granted on May 30, 2025, with no expiration date and no exercise price, which vested on June 1, 2026.

	/s/ Liting Ren, as Attorney-in-Fact for Li Yongwei	06/01/2026
	** 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)

FAQ

What insider transaction did Youdao (DAO) report for Li Yongwei?

Youdao reported that Vice President Li Yongwei acquired 3,420 Class A ordinary shares. These came from a performance-based restricted share unit (RSU) award that vested on June 1, 2026 as part of his equity compensation, not an open-market purchase.

How many Youdao (DAO) shares did Li Yongwei receive from the RSU vesting?

Li Yongwei received 3,420 Class A ordinary shares from the RSU vesting. The footnotes state this vested restricted share award totaled 3,420 shares, granted on May 30, 2025 and fully vested on June 1, 2026 without any exercise price.

Was there an exercise price for Li Yongwei’s Youdao (DAO) RSU award?

There was no exercise price for Li Yongwei’s RSU award. The filing explains that the 3,420-share restricted award had no expiration date and no exercise price, meaning the shares were delivered outright upon vesting instead of requiring cash payment.

In what form did Li Yongwei’s Youdao (DAO) RSUs vest?

The performance-based RSUs vested in the form of American Depositary Shares. The footnotes clarify that when the RSU vested on June 1, 2026, it was settled as ADSs, which represent the company’s Class A ordinary shares for trading on overseas markets.

What is Li Yongwei’s direct shareholding in Youdao (DAO) after this Form 4 transaction?

After this transaction, Li Yongwei directly holds 3,420 Class A ordinary shares. The Form 4 indicates total shares following the transaction equal 3,420, reflecting the full amount of the vested performance-based restricted share award now held directly.