What restricted share units does Louis Hsieh hold in New Oriental (EDU)?

Louis Hsieh holds restricted share units linked to New Oriental ADS. The award was granted on January 26, 2025 and is tied to 9,000 underlying ADS, giving him a contingent right to receive ADS as the units vest over future service-based dates.

How are New Oriental (EDU) ADS and common shares related in this filing?

Each New Oriental American Depositary Share represents ten underlying common shares. This relationship is stated in the footnotes, clarifying how the ADS holdings and ADS-linked restricted share units translate into exposure to the company’s underlying common equity for reporting purposes.

New Oriental (NYSE: EDU) director details ADS and RSU award holdings

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

New Oriental Education & Technology Group Inc. director Louis Hsieh filed an initial Form 3 showing his beneficial holdings in the company’s ADS and equity awards. He reports direct ownership of 25,863 ADS and a grant of restricted share units linked to ADS.

The restricted share units were granted on January 26, 2025 and vest in three equal installments of 3,000 ADSs on July 15, 2026, July 15, 2027 and July 15, 2028, subject to his continued service. The units have no expiration date. Each ADS represents ten underlying common shares.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Hsieh Louis

Role Director

Type	Security	Shares	Price	Value
holding	Restricted Share Units	--	--	--
holding	ADS	--	--	--

Holdings After Transaction: Restricted Share Units — 9,000 shares (Direct); ADS — 25,863 shares (Direct)

Footnotes (1)

Each ADS representing ten underlying common shares. Represents restricted share units granted to the reporting person on January 26, 2025. The restricted share units vest as follows: 3,000 ADSs vest on July 15, 2026, 3,000 ADSs vest on July 15, 2027 and the remaining 3,000 ADSs vest on July 15, 2028, subject to the reporting person's continued service through the applicable vesting dates. The restricted share units have no expiration date. Each restricted share unit represents a contingent right to receive 1/10 ADS of the Issuer.

Understanding Insider Trading Forms →

03/13/2026 - 07:15 AM

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Hsieh Louis

(Last)

(First)

(Middle)

TOWER 2, UNIT 37-B, THE HARBOURSIDE

1 AUSTIN ROAD WEST

(Street)

KOWLOON

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/13/2026

3. Issuer Name and Ticker or Trading Symbol
New Oriental Education & Technology Group Inc. [ EDU ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
ADS⁽¹⁾	25,863	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Restricted Share Units	⁽²⁾	⁽²⁾	ADS	9,000	⁽³⁾	D

Explanation of Responses:

1. Each ADS representing ten underlying common shares.

2. Represents restricted share units granted to the reporting person on January 26, 2025. The restricted share units vest as follows: 3,000 ADSs vest on July 15, 2026, 3,000 ADSs vest on July 15, 2027 and the remaining 3,000 ADSs vest on July 15, 2028, subject to the reporting person's continued service through the applicable vesting dates. The restricted share units have no expiration date.

3. Each restricted share unit represents a contingent right to receive 1/10 ADS of the Issuer.

	Hsieh Louis	03/13/2026
	** 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 5 (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.

Source: View Original Filing on SEC EDGAR

FAQ

What does the New Oriental (EDU) Form 3 for Louis Hsieh report?

The Form 3 reports director Louis Hsieh’s initial beneficial ownership in New Oriental. He holds 25,863 ADS directly and a restricted share unit grant tied to ADS that vests in three equal installments from July 2026 through July 2028, subject to continued service.

How many New Oriental (EDU) ADS does Louis Hsieh directly own?

Louis Hsieh directly owns 25,863 American Depositary Shares (ADS) of New Oriental. These ADS holdings are reported as his total direct ADS position following the reported event, providing a baseline view of his equity exposure through ADS in the company at this time.

What is the vesting schedule for Louis Hsieh’s New Oriental (EDU) RSUs?

The restricted share units vest in three equal tranches, assuming continued service. 3,000 ADSs vest on July 15, 2026, another 3,000 on July 15, 2027, and the remaining 3,000 on July 15, 2028. The restricted share units have no expiration date attached.

Does Louis Hsieh’s New Oriental (EDU) RSU award have an expiration date?

The restricted share units reported for Louis Hsieh do not have an expiration date. Instead, their value depends on meeting the vesting conditions, which require his continued service through July 15, 2026, July 15, 2027, and July 15, 2028 for each respective vesting tranche.