New Oriental Education & Technology Group Inc. (NYSE: EDU) executive nets ADSs after RSU vest and tax sale
Rhea-AI Filing Summary
New Oriental Education & Technology Group Inc. Executive President Yang Zhihui reported equity compensation activity. On July 15, 2026, 1,000,000 restricted share units, each representing a contingent right to receive 1/10 ADS, vested and settled into 100,000 ADSs. On July 16, 2026, 45,360 ADSs were disposed of at $49.91 per ADS pursuant to a sell-to-cover arrangement to satisfy income tax liabilities from the vesting. After these transactions, Yang held 232,178 ADSs directly and 2,000,000 restricted share units as reported.
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Insights
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Insider Trade Summary
1,000,000 shares exercised/converted
Mixed
3 txns
Insider
Yang Zhihui
Role
Executive President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | ADS | 45,360 | $49.91 | $2.26M |
| Exercise | Restricted Share Units | 1,000,000 | $0.00 | -- |
| Exercise | ADS | 100,000 | $0.00 | -- |
Holdings After Transaction:
ADS — 232,178 shares (Direct);
Restricted Share Units — 2,000,000 shares (Direct)
Footnotes (1)
- These ADSs, each representing ten underlying common shares, were acquired upon vesting and settlement of restricted share units. Represents ADSs sold pursuant to a sell-to-cover arrangement for the purpose of satisfying income tax liabilities incurred upon vesting of restricted share units. Each restricted share unit represents a contingent right to receive 1/10 ADS of the Issuer. These restricted shares units were vested on July 15, 2026 and do not have an expiration date.
Key Figures
ADSs acquired from RSU vesting: 100,000 ADSs
Restricted share units in transaction: 1,000,000 restricted share units
ADSs disposed for taxes: 45,360 ADSs
+3 more
6 metrics
ADSs acquired from RSU vesting
100,000 ADSs
Acquired on July 15, 2026 upon vesting and settlement of restricted share units
Restricted share units in transaction
1,000,000 restricted share units
Units that vested and were settled into 100,000 ADSs on July 15, 2026
ADSs disposed for taxes
45,360 ADSs
Sold on July 16, 2026 under a sell-to-cover arrangement for income tax liabilities
Tax disposition price
$49.91 per ADS
Price for ADSs disposed in the sell-to-cover tax transaction
ADS holdings after transactions
232,178 ADSs
Directly owned by Yang Zhihui following the July 16, 2026 disposition
Restricted share units after transaction
2,000,000 restricted share units
Total restricted share units reported following the RSU-related transaction
Key Terms
ADSs, restricted share units, sell-to-cover arrangement, contingent right
4 terms
ADSs financial
"These ADSs, each representing ten underlying common shares, were acquired upon vesting..."
sell-to-cover arrangement financial
"Represents ADSs sold pursuant to a sell-to-cover arrangement for the purpose of satisfying..."
contingent right financial
"Each restricted share unit represents a contingent right to receive 1/10 ADS of the Issuer."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did EDU Executive President Yang Zhihui report on this Form 4?
Yang Zhihui reported vesting of 1,000,000 restricted share units, which settled into 100,000 ADSs, and a tax-related disposition of 45,360 ADSs via a sell-to-cover arrangement to satisfy income tax liabilities from the RSU vesting.
How many ADSs did EDU executive Yang Zhihui acquire and dispose of in this filing?
Yang Zhihui acquired 100,000 ADSs upon vesting and settlement of restricted share units and disposed of 45,360 ADSs at $49.91 per ADS through a sell-to-cover transaction to cover income tax obligations arising from the vesting.
How many securities does EDU Executive President Yang Zhihui hold after these transactions?
Following the reported transactions, Yang Zhihui directly holds 232,178 ADSs and has 2,000,000 restricted share units reported as derivative holdings, providing ongoing equity exposure to New Oriental Education & Technology Group Inc.’s American Depositary Shares.
Was the EDU insider’s ADS disposition an open-market sale or tax withholding?
The disposition of 45,360 ADSs at $49.91 per ADS was made under a sell-to-cover arrangement to satisfy income tax liabilities incurred upon RSU vesting, rather than a discretionary open-market sale for investment or portfolio rebalancing purposes.
Did EDU’s Form 4 indicate any derivative exercises by Yang Zhihui?
Yes. A derivative transaction reported as restricted share units shows 1,000,000 units involved in an exercise/conversion event, corresponding to 100,000 underlying ADSs, with an exercise price of $0.00 per unit in connection with the vesting and settlement.