New Oriental (NYSE: EDU) director vests RSUs into 3,000 ADS

Rhea-AI Filing Summary

New Oriental Education & Technology Group Inc. director Louis Hsieh acquired 3,000 ADSs on July 15, 2026 through vesting and settlement of 30,000 restricted share units. Each ADS represents ten common shares and each unit 1/10 ADS. Following the transactions, he holds 28,863 ADSs and 60,000 restricted share units directly.

Insider Trade Summary

Net Buyer: 3,000 shares

Net Buy 2 txns

Insider Hsieh Louis

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Share Units F2, F3	30,000	$0.00	$0.00
Exercise	ADS F1	3,000	$0.00	$0.00

Holdings After Transaction: Restricted Share Units — 60,000 shares (Direct); ADS — 28,863 shares (Direct)

Footnotes (3)

1. F1. These ADSs, each representing ten underlying common shares, were acquired upon vesting and settlement of restricted share units.
2. F2. Each restricted share unit represents a contingent right to receive 1/10 ADS of the Issuer.
3. F3. These restricted shares units were vested on July 15, 2026 and do not have an expiration date.

Key Figures

ADS acquired: 3,000 ADS Restricted share units vested: 30,000 restricted share units ADS holdings after transaction: 28,863 ADS +4 more

7 metrics

ADS acquired 3,000 ADS Acquired on July 15, 2026 upon vesting and settlement of restricted share units

Restricted share units vested 30,000 restricted share units Number of restricted share units whose settlement delivered 3,000 ADSs

ADS holdings after transaction 28,863 ADS Total direct ADS holdings of Louis Hsieh following the reported transactions

Restricted share units remaining 60,000 restricted share units Direct restricted share unit balance for Louis Hsieh after the vesting event

ADS 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 represents a contingent right to receive 1/10 ADS

Vesting date July 15, 2026 Date on which the restricted share units vested and settled into ADSs

Key Terms

ADSs, Restricted Share Units, contingent right, vesting

4 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"

vesting financial

"were acquired upon vesting and settlement of restricted share units"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

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 - 07:06 AM Accepted by SEC EDGAR 07/15/2026 - 07:05 AM Learn about SEC filing dates

FAQ

What insider transaction did Louis Hsieh report at New Oriental (EDU)?

Louis Hsieh reported acquiring 3,000 ADSs in New Oriental Education & Technology Group Inc. on July 15, 2026. The ADSs were received through vesting and settlement of 30,000 restricted share units, rather than an open-market purchase or sale.

How many ADS does Louis Hsieh hold in New Oriental (EDU) after this Form 4?

After the reported transactions, Louis Hsieh holds 28,863 ADSs of New Oriental directly. These ADSs include the 3,000 ADSs acquired upon vesting of restricted share units on July 15, 2026.

How many restricted share units does Louis Hsieh hold in EDU after vesting?

Following the July 15, 2026 vesting, Louis Hsieh holds 60,000 restricted share units directly. The filing also notes that 30,000 restricted share units vested and settled into 3,000 ADSs on that date.

What are the terms of the restricted share units reported for New Oriental (EDU)?

Each restricted share unit represents a contingent right to receive 1/10 ADS of New Oriental. The filing states these restricted share units vested on July 15, 2026 and do not have an expiration date.

Does this EDU Form 4 show an open-market buy or sell of shares?

No. The Form 4 shows derivative exercises via vesting and settlement of restricted share units into ADSs. There are no open-market purchases or sales, tax-withholding dispositions, or gifts reported in this transaction set.

How do New Oriental (EDU) ADSs and restricted share units relate in this filing?

Each ADS represents ten underlying common shares, and each restricted share unit equals 1/10 ADS. Thus, 30,000 restricted share units delivered 3,000 ADSs to Louis Hsieh upon vesting and settlement.

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^*

Hsieh Louis

(Last) (First) (Middle)

TOWER 2, UNIT 37-B, THE HARBOURSIDE

1 AUSTIN ROAD WEST

(Street)

KOWLOON

(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		3,000	A	$0	28,863	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			30,000	(3)	(3)	ADS	3,000	$0	60,000	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.

	Hsieh Louis	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)