STOCK TITAN
  1. Home
  2. Sec-filings
  3. DAO
  4. [Form 4] Youdao, Inc. Insider Trading Activity

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.

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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.

Positive

  • None.

Negative

  • None.
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)
  1. 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.
  2. F2. The weighted average price of the shares sold (in the form of ADS) was $ 16.6229.
  3. 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.
  4. 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.
  5. 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.
  6. F6. The weighted average price of the shares sold (in the form of ADS) was $16.1784.
  7. 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.
  8. 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.
  9. 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.
  10. 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.
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
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 (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

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.

How many DAO shares did the director sell in this Form 4?
The director reported selling 21,198 shares (in the form of ADSs) in total, across four sale transactions on August 31 and September 1, 2026, after exercising options for the same number of underlying Class A ordinary shares.

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.

Form 4 Insider Transactions: What Each Field Means →
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
SEC Form 4
FORM 4UNITED 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*
Shum Heung Yeung
(Last)(First)(Middle)
16D WOODBURY COURT
DISCOVERY BAY
(Street)
HONGKONGHK
(City)(State)(Zip)
HONG KONG
(Country)		2. Issuer Name and Ticker or Trading Symbol
Youdao, Inc. [ DAO ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/31/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Ordinary Shares08/31/2026M4,000A(1)64,773D
Class A Ordinary Shares08/31/2026S4,000D(2)60,773D
Class A Ordinary Shares08/31/2026M3,997A(3)64,770D
Class A Ordinary Shares08/31/2026S3,997D(2)60,773D
Class A Ordinary Shares08/31/2026M9,189A(4)69,962D
Class A Ordinary Shares08/31/2026S9,189D(2)60,773D
Class A Ordinary Shares09/01/2026M4,012A(5)64,785D
Class A Ordinary Shares09/01/2026S4,012D(6)60,773D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Option(7)08/31/2026M4,000 (7) (7)Class A Ordinary Shares4,000$017,198D
Option(8)08/31/2026M3,997 (8) (8)Class A Ordinary Shares3,997$013,201D
Option(9)08/31/2026M9,189 (9) (9)Class A Ordinary Shares9,189$04,012D
Option(10)09/01/2026M4,012 (10) (10)Class A Ordinary Shares4,012$00D
Explanation of Responses:
1. 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.
2. The weighted average price of the shares sold (in the form of ADS) was $ 16.6229.
3. 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.
4. 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.
5. 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.
6. The weighted average price of the shares sold (in the form of ADS) was $16.1784.
7. 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.
8. 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.
9. 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.
10. 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.
/s/Liting Ren, as Attorney-in-Fact for Harry Heung Yeung Shum09/02/2026
** Signature of Reporting PersonDate
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