Welcome to our dedicated page for Youdao SEC filings (Ticker: DAO), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Youdao, Inc. filings document a foreign private issuer whose ADSs trade on the NYSE and whose business is organized around learning services, online marketing services, and smart devices. Form 6-K reports furnish press releases on financial results, annual-report filing notices, and shareholder-meeting materials.
Annual-report filings and related current reports cover segment revenue trends, ADS per-share measures, cash resources, operating cash flow, AI-focused business strategy, and risks tied to regulatory conditions, business-plan execution, and external financing. Governance disclosures include annual general meeting notices and other foreign-issuer reporting matters.
Youdao, Inc., a Cayman Islands holding company listed on the NYSE via ADSs, files its annual report describing a China-focused business operated mainly through PRC subsidiaries and variable interest entities (VIEs).
The VIEs generated 77.0%, 73.4% and 66.9% of total net revenues in 2023, 2024 and 2025, and accounted for 48.8% and 53.6% of consolidated total assets as of December 31, 2024 and 2025. The filing highlights legal and operational risks of this structure, including potential PRC challenges to contractual arrangements and restrictions on cash transfers, dividends and foreign exchange.
Youdao explains U.S. regulatory risk under the Holding Foreign Companies Accountable Act, noting past PCAOB inspection issues in China and Hong Kong and the possibility that ADS trading could be prohibited if inspections are again curtailed. It also addresses new PRC oversight of overseas listings, cybersecurity review measures, and data and education regulations that could materially affect operations and ADS value.
Youdao, Inc. president Jin Lei filed an amended Form 3 reporting his existing equity holdings in the company. He holds an option over 20,000 Class A Ordinary Shares, indirect stakes in 620,000 Class B and 300,000 Class A shares through JinLei Quark Tech, Inc., plus directly held Class A shares and restricted share units with scheduled future vesting.
Youdao, Inc. director Shum Heung Yeung has filed an initial ownership report detailing equity holdings in the company. The filing shows direct ownership of 46,221 Class A Ordinary Shares, plus 14,552 Restricted Share Units that were granted on May 30, 2025 and are scheduled to vest on June 1, 2026.
He also holds three fully vested option awards over Class A Ordinary Shares, covering 4,000, 3,997 and 13,201 underlying shares, granted in 2020, 2021 and 2022 with expirations in 2027 and 2028. These entries describe existing positions rather than new market purchases or sales.
Youdao, Inc. president Jin Lei filed an initial Form 3 detailing his equity holdings in the company. The filing shows direct holdings of 26,027 Class A Ordinary Shares, 105,959 restricted share units, and an option over 20,000 Class A shares at an exercise price of $4.5 per share expiring on January 26, 2027. Indirectly, Jin Lei holds 620,000 Class B Ordinary Shares and 300,000 Class A Ordinary Shares through JinLei Quark Tech, Inc., which he wholly owns.
Youdao, Inc. director and Chief Executive Officer Zhou Feng filed an initial Form 3 reporting indirect beneficial ownership of 20,341,200 Class B ordinary shares. These shares are held of record by Peng Ke Holdings Inc., a British Virgin Islands company ultimately wholly owned by JTC Private Trust (Cayman) Limited as trustee of a Cayman trust for which Zhou Feng is the settlor and sole beneficiary.
Youdao, Inc. Senior Vice President Wu Yinghui discloses existing equity holdings in the company. The report shows stock options over 20,000 Class A ordinary shares, an indirect holding of 1,640,000 Class B ordinary shares through Ice River Tech, Inc., and 8,750 restricted share units. Footnotes state the option grant, covering 20,000 Class A shares at an exercise price of $4.5 per share, was granted on January 25, 2021 and expires on January 26, 2027. The time-based RSU award was granted on May 30, 2025, with 3,750 shares scheduled to vest on September 1, 2026 and 5,000 shares on September 1, 2027. No purchases or sales are indicated; this report describes existing positions.
Youdao, Inc. Vice President Li Yongwei has filed an initial ownership report showing existing stock option awards. The filing lists two fully vested options over Youdao Class A ordinary shares: one for 20,000 shares granted on May 30, 2019 with a $3.5 exercise price expiring on May 31, 2027, and another for 6,300 shares granted on January 25, 2021 with a $4.5 exercise price expiring on January 26, 2027.
Youdao, Inc. Senior Vice President Peng Su has filed an initial ownership report detailing his equity awards in the company. The filing shows option awards over 250,000 and 20,000 Class A Ordinary Shares, granted at exercise prices of $3.5 and $4.5 per share, respectively, each fully vested and expiring on May 31, 2027 and January 26, 2027. It also lists a time-based restricted share unit award of 8,750 shares granted on May 30, 2025, with 3,750 shares scheduled to vest on September 1, 2026 and 5,000 shares scheduled to vest on September 1, 2027, all with no exercise price. This report records existing holdings rather than new market purchases or sales.
Youdao, Inc. director Jimmy Y. Lai filed an initial ownership report showing existing equity interests, largely in the form of American Depositary Shares. He reports 50,221 Class A Ordinary Shares held directly, plus a time-based RSU award of 14,552 units granted on May 30, 2025 that is scheduled to vest on June 1, 2026 with no exercise price.
Lai also holds vested stock options over 3,997 Class A Ordinary Shares from a January 25, 2021 grant expiring January 26, 2027 and 13,201 Class A Ordinary Shares from a January 18, 2022 grant expiring January 18, 2028, each with a stated exercise price of $4.5 per share. The filing records holdings only and does not show any new purchases or sales.