New Oriental Education (NYSE: EDU) director receives 4,500 ADS from RSU vesting

Rhea-AI Filing Summary

New Oriental Education & Technology Group Inc. director Lee Denny Ting Bun acquired 4,500 ADS on July 15, 2026 through vesting and settlement of 45,000 restricted share units, with no open-market trade. After this event, he holds 80,758 ADS directly and 90,000 restricted share units.

Insider Trade Summary

45,000 shares exercised/converted

Mixed 2 txns

Insider Lee Denny Ting Bun

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Share Units	45,000	$0.00	--
Exercise	ADS	4,500	$0.00	--

Holdings After Transaction: Restricted Share Units — 90,000 shares (Direct); ADS — 80,758 shares (Direct)

Footnotes (1)

1. These ADSs, each representing ten underlying common shares, were acquired upon vesting and settlement 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

ADS acquired: 4,500 ADS Restricted share units vested: 45,000 restricted share units ADS holdings after transaction: 80,758 ADS +3 more

6 metrics

ADS acquired 4,500 ADS ADS received on July 15, 2026 upon vesting and settlement of restricted share units

Restricted share units vested 45,000 restricted share units Units vested on July 15, 2026 and settled into 4,500 ADS

ADS holdings after transaction 80,758 ADS Director’s direct ADS position following the July 15, 2026 vesting event

Restricted share units held after transaction 90,000 restricted share units Director’s remaining RSU holdings after the reported transactions

ADS to common share ratio 10 common shares per ADS Each ADS represents ten underlying common shares of the issuer

RSU to ADS ratio 1/10 ADS per restricted share unit Each restricted share unit is a contingent right to receive one-tenth of an ADS

Key Terms

ADSs, restricted share units, contingent right

3 terms

ADSs financial

"These ADSs, each representing ten underlying common shares, were acquired upon vesting"

restricted share units financial

"These restricted share units were vested on July 15, 2026 and do not have an expiration"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/15/2026 - 06:19 AM Accepted by SEC EDGAR 07/15/2026 - 06:19 AM Learn about SEC filing dates

FAQ

What insider transaction did New Oriental Education (EDU) disclose?

Director Lee Denny Ting Bun acquired 4,500 ADS on July 15, 2026 through vesting and settlement of 45,000 restricted share units. The event reflects equity compensation being delivered, rather than an open-market purchase of shares by the director.

How many ADS does the New Oriental Education (EDU) director hold after the transaction?

Following the July 15, 2026 vesting, Lee Denny Ting Bun directly holds 80,758 ADS of New Oriental Education & Technology Group Inc. These ADS holdings resulted in part from settlement of restricted share units rather than open-market buying activity.

What restricted share unit position does the New Oriental (EDU) director retain?

After the transaction, the director holds 90,000 restricted share units. Each restricted share unit represents a contingent right to receive 1/10 of an ADS and, according to the disclosure, these units do not have an expiration date following vesting.

Was the EDU insider activity an open-market buy or sale of shares?

The activity did not involve an open-market buy or sale. The director received 4,500 ADS upon vesting and settlement of 45,000 restricted share units, so the change in holdings stems from equity compensation, not trading in the market.

What are the share ratios for New Oriental Education (EDU) ADS and RSUs?

Each ADS represents ten underlying common shares of New Oriental Education & Technology Group Inc. Each restricted share unit represents a contingent right to receive 1/10 of an ADS, linking RSU awards to the company’s ADS structure.

SEC Form 4

FORM 4

UNITED 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^*

Lee Denny Ting Bun

(Last) (First) (Middle)

NO. 6 HAI DIAN ZHONG STREET

HAIDIAN DISTRICT

(Street)

BEIJING

(City) (State) (Zip)

CHINA

(Country)

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

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

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

2a. Foreign Trading Symbol
[HKEX:9901]

3. Date of Earliest Transaction (Month/Day/Year)
07/15/2026

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

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
ADS(1)	07/15/2026		M		4,500	A	$0	80,758	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Share Units	(2)	07/15/2026		M			45,000	(3)	(3)	ADS	4,500	$0	90,000	D

Explanation of Responses:

1. These ADSs, each representing ten underlying common shares, were acquired upon vesting and settlement of restricted share units.

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

3. These restricted shares units were vested on July 15, 2026 and do not have an expiration date.

	Lee Denny Ting Bun	07/15/2026
	** 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 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)