Youdao director sells 21,198 ADS after exercise
The Form 4 ultimately reflects a net sale of 21,198 DAO shares after the exercise-and-sell activity.
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Form Type
4
Rhea-AI Filing Summary
Youdao, Inc. (DAO) director Shum Heung Yeung reported exercising stock options and selling the resulting equity over August 31 and September 1, 2026. Options for a total of 21,198 Class A ordinary shares underlying ADSs were exercised at $4.0 and $4.5 per share and the same number of ADSs were sold in market transactions at weighted average prices of $16.6229 and $16.1784. Overall, the filing shows a net sale of 21,198 shares after these exercise-and-sell transactions.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
12 txns
Insider
Shum Heung Yeung
Role
Director
Sold
21,198 shs
Approx. gross sale proceeds
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Option F10 | 4,012 | $0.00 | $0.00 |
| Exercise | Class A Ordinary Shares F5 | 4,012 | -- | -- |
| Sale | Class A Ordinary Shares F6 | 4,012 | -- | -- |
| Exercise | Option F7 | 4,000 | $0.00 | $0.00 |
| Exercise | Option F8 | 3,997 | $0.00 | $0.00 |
| Exercise | Option F9 | 9,189 | $0.00 | $0.00 |
| Exercise | Class A Ordinary Shares F1 | 4,000 | -- | -- |
| Sale | Class A Ordinary Shares F2 | 4,000 | -- | -- |
| Exercise | Class A Ordinary Shares F3 | 3,997 | -- | -- |
| Sale | Class A Ordinary Shares F2 | 3,997 | -- | -- |
| Exercise | Class A Ordinary Shares F4 | 9,189 | -- | -- |
| Sale | Class A Ordinary Shares F2 | 9,189 | -- | -- |
Holdings After Transaction:
Option — 0 contracts (Direct);
Class A Ordinary Shares — 60,773 shares (Direct)
Footnotes (10)
- F1. Reflects 4,000 option award that exercised (with the exercise price of $4.0 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.
- F2. The weighted average price of the shares sold (in the form of ADS) was $ 16.6229.
- F3. 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.
- F4. Reflects 9,189 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.
- F5. Reflects 4,012 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.
- F6. The weighted average price of the shares sold (in the form of ADS) was $16.1784.
- F7. The disposed 4,000 Option award was granted on February 25, 2020, expiring on February 26, 2027, with the exercise price of $4.0 per share and exercised on August 31, 2026.
- F8. 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 August 31, 2026.
- F9. The disposed 9,189 Option award was granted on January 18, 2022, expiring on January 18, 2028, with the exercise price of $4.5 per share and exercised on August 31, 2026.
- F10. The disposed 4,012 Option award was granted on January 18, 2022, expiring on January 18, 2028, with the exercise price of $4.5 per share and exercised on September 1, 2026.
Key Figures
Total shares involved: 21,198 shares
Exercise price (option award): $4.0 per share
Exercise price (option awards): $4.5 per share
+5 more
8 metrics
Total shares involved
21,198 shares
Options exercised into Class A ordinary shares underlying ADSs, then sold
Exercise price (option award)
$4.0 per share
4,000-share option award exercised into ADSs
Exercise price (option awards)
$4.5 per share
3,997-, 9,189- and 4,012-share option awards exercised into ADSs
Weighted average sale price (August 31, 2026)
$16.6229 per ADS
ADS sales on August 31, 2026
Weighted average sale price (September 1, 2026)
$16.1784 per ADS
ADS sales on September 1, 2026
Option expiration (February 2020 grant)
February 26, 2027
4,000-share option granted February 25, 2020
Option expiration (January 2021 grant)
January 26, 2027
3,997-share option granted January 25, 2021
Option expiration (January 2022 grants)
January 18, 2028
9,189- and 4,012-share options granted January 18, 2022
Key Terms
American Depositary Shares, weighted average price, exercise price, expiration date
4 terms
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.
exercise price financial
"with the exercise price of $4.0 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.
expiration date financial
"expiring on February 26, 2027, with the exercise price"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did DAO director Shum Heung Yeung report?
Shum Heung Yeung exercised options for 21,198 Class A ordinary shares underlying ADSs on August 31 and September 1, 2026, and sold the same number of ADSs in market transactions at weighted average prices of $16.6229 and $16.1784.
At what prices were the DAO ADSs sold in these insider transactions?
The ADS sales had weighted average prices of $16.6229 per ADS for the August 31, 2026 transactions and $16.1784 per ADS for the September 1, 2026 transactions, according to the filing’s footnotes.
What were the option exercise prices in the DAO director’s Form 4?
The options exercised had exercise prices of $4.0 and $4.5 per share. A 4,000-share award carried a $4.0 exercise price, while 3,997-, 9,189-, and 4,012-share awards each carried a $4.5 exercise price.
When were the options exercised and sold for DAO’s director?
Options were exercised on August 31, 2026 and September 1, 2026, then ADSs representing the same underlying Class A ordinary shares were sold on those same dates in market transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
