What restricted share units did Lai Jimmy Y. receive from Youdao (DAO)?

He received a time-based RSU award of 11,450 shares on May 29, 2026. All of these RSUs are scheduled to vest on June 1, 2027 and carry no exercise price, functioning as share-based compensation subject to vesting conditions.

Youdao (DAO) director Lai Jimmy Y. exercises options, sells 3,997 shares and gets RSU grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Youdao, Inc. director Lai Jimmy Y. reported an exercise-and-sell transaction plus a new equity award. On May 28, 2026, he exercised options for 3,997 Class A ordinary shares at an exercise price of $4.50 per share and sold the same 3,997 shares at a weighted average of $11.5265 per share, leaving 50,221 Class A ordinary shares held directly after the sale.

On May 29, 2026, he also received a time-based RSU award of 11,450 shares, scheduled to vest on June 1, 2027 with no exercise price, bringing his directly held RSUs to 26,002 units.

Insider Trade Summary

3,997 shares exercised/converted

Net Sell 4 txns

Insider Lai Jimmy Y.

Role null

Sold 3,997 shs ($0.00)

Type	Security	Shares	Price	Value
Grant/Award	Restricted Share Unit	11,450	$0.00	--
Exercise	Option	3,997	$0.00	--
Exercise	Class A Ordinary Shares	3,997	$0.00	--
Sale	Class A Ordinary Shares	3,997	$0.00	--

Holdings After Transaction: Restricted Share Unit — 26,002 shares (Direct, null); Option — 13,201 shares (Direct, null); Class A Ordinary Shares — 54,218 shares (Direct, null)

Footnotes (1)

Reflects 3,997 option award that exercised (with the exercise price of $4.5 per share) and settled into American Depositary Shares ("ADSs"). This amount represents the ordinary shares underlying the ADSs acquired in connection with such option exercise. The weighted average price of the shares sold was 11.5265 USD per share. This time-based RSU award (11,450 shares) was granted on May 29, 2026, with no expiration date, subject to the terms and conditions of the underlying award agreement. All of the shares scheduled to be vested on June 1, 2027 with no exercise price. The disposed 3,997 option award was granted on January 25, 2021, expiring on January 26, 2027, with the exercise price of $4.5 per share and exercised on May 28, 2026.

Key Figures

Shares sold: 3,997 shares Sale price: 11.5265 USD per share Options exercised: 3,997 shares +5 more

8 metrics

Shares sold 3,997 shares Class A ordinary shares sold on May 28, 2026

Sale price 11.5265 USD per share Weighted average price for 3,997 shares sold

Options exercised 3,997 shares Underlying Class A ordinary shares from option exercise

Option exercise price $4.5 per share Exercise price for 3,997-share option award

RSU grant size 11,450 shares Time-based RSU award granted May 29, 2026

Post-sale share holdings 50,221 shares Class A ordinary shares held directly after sale

Post-grant RSU holdings 26,002 units Restricted share units held directly after new grant

RSU vesting date June 1, 2027 All 11,450 RSUs scheduled to vest

Key Terms

Restricted Share Unit, American Depositary Shares, weighted average price, time-based RSU award, +1 more

5 terms

American Depositary Shares financial

"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.

weighted average price financial

"The weighted average price of the shares sold was 11.5265 USD"

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.

time-based RSU award financial

"This time-based RSU award (11,450 shares) was granted on May 29, 2026"

exercise price financial

"with the exercise price of $4.5 per share"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

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Form 4 Insider Transactions: What Each Field Means →

06/01/2026 - 06:34 AM

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^*

Lai Jimmy Y.

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/28/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Ordinary Shares	05/28/2026		M		3,997⁽¹⁾	A	⁽¹⁾	54,218	D
Class A Ordinary Shares	05/28/2026		S		3,997	D	⁽²⁾	50,221	D
Restricted Share Unit⁽³⁾	05/29/2026		A		11,450	A	⁽³⁾	26,002	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Option	⁽⁴⁾	05/28/2026⁽⁴⁾		M			3,997	⁽⁴⁾	⁽⁴⁾	class A ordinary shares	3,997	$0	13,201	D

Explanation of Responses:

1. Reflects 3,997 option award that exercised (with the exercise price of $4.5 per share) and settled into American Depositary Shares ("ADSs"). This amount represents the ordinary shares underlying the ADSs acquired in connection with such option exercise.

2. The weighted average price of the shares sold was 11.5265 USD per share.

3. This time-based RSU award (11,450 shares) was granted on May 29, 2026, with no expiration date, subject to the terms and conditions of the underlying award agreement. All of the shares scheduled to be vested on June 1, 2027 with no exercise price.

4. The disposed 3,997 option award was granted on January 25, 2021, expiring on January 26, 2027, with the exercise price of $4.5 per share and exercised on May 28, 2026.

	/s/ Liting Ren, as Attorney-in-Fact for Lai Jimmy Y.	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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Lai Jimmy Y. report at Youdao (DAO)?

Lai Jimmy Y. reported an option exercise-and-sale of 3,997 Class A ordinary shares on May 28, 2026, and a grant of 11,450 restricted share units on May 29, 2026, reflecting both a routine sale and a compensation-related equity award.

How many Youdao (DAO) shares did Lai Jimmy Y. sell and at what price?

He sold 3,997 Class A ordinary shares, with a reported weighted average sale price of 11.5265 USD per share. These shares came from an option exercise the same day, converting derivative positions into common equity before the sale.

What options did Lai Jimmy Y. exercise in this Youdao (DAO) Form 4?

He exercised options covering 3,997 underlying Class A ordinary shares at an exercise price of $4.5 per share. The footnotes state these options were originally granted on January 25, 2021 and were exercised on May 28, 2026.

What are Lai Jimmy Y.’s holdings after these Youdao (DAO) transactions?

After the reported sale, he directly holds 50,221 Class A ordinary shares. For restricted share units, his directly held balance is 26,002 units following the new 11,450-share RSU grant disclosed in the same Form 4 filing.

How should investors interpret the Youdao (DAO) insider option exercise and sale?

The Form 4 shows a typical exercise-and-sell pattern: options for 3,997 shares were exercised at $4.5 and the same number of shares sold at 11.5265 USD. This converts an existing option award into cash rather than reflecting a new open-market purchase.