Major FEDU insider Tian Peiqing discloses options and 8.37M ordinary shares

Rhea-AI Filing Summary

Four Seasons Education (Cayman) Inc. director and more than ten percent owner Tian Peiqing has filed an initial ownership report listing existing equity positions. The filing shows direct holdings of stock options over American depositary shares (ADSs) with exercise prices of $8.0000 and $10.0000, expiring between 2028 and 2034, covering 25,000, 30,000 and 6,250 underlying ADSs. Tian also directly holds 1,250 ADSs. Each ADS represents ten ordinary shares of Four Seasons Education (Cayman) Inc. In addition, Tian indirectly owns 8,372,401 ordinary shares through Four Seasons Education Holdings Limited, a British Virgin Islands company wholly owned by Tian.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider Tian Peiqing

Role Director, 10% Owner

Type	Security	Shares	Price	Value
holding	Stock Option (Right to Buy)	--	--	--
holding	Stock Option (Right to Buy)	--	--	--
holding	Stock Option (Right to Buy)	--	--	--
holding	American depositary shares	--	--	--
holding	Ordinary Shares	--	--	--

Holdings After Transaction: Stock Option (Right to Buy) — 25,000 shares (Direct); American depositary shares — 1,250 shares (Direct); Ordinary Shares — 8,372,401 shares (Indirect, By virtue of its ownership of Four Seasons Education Holdings Limited)

Footnotes (1)

1. Each American depositary share ("ADS") represents ten (10) ordinary shares of Four Seasons Education (Cayman) Inc. (the "Company"). Held by Four Seasons Education Holdings Limited, a British Virgin Islands company wholly-owned by the reporting person. This option vested in three substantially equal annual installments beginning on July 3, 2019. This option vested in four equal annual installments beginning on February 5, 2022.

Understanding Insider Trading Forms →

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
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hours per response:			0.5

1. Name and Address of Reporting Person^*

Tian Peiqing

(Last) (First) (Middle)

309 YUYUAN ROAD

JING'AN DISTRICT

(Street)

SHANGHAI F4 200040

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/16/2026

3. Issuer Name and Ticker or Trading Symbol
Four Seasons Education (Cayman) Inc. [ FEDU ]

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

X	Director	X	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)
American depositary shares(1)	1,250	D
Ordinary Shares	8,372,401	I	By virtue of its ownership of Four Seasons Education Holdings Limited(2)

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)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	(3)	07/03/2028	American Depository Shares	25,000	$8	D
Stock Option (Right to Buy)	(4)	02/05/2031	American Depository Shares	30,000	$8	D
Stock Option (Right to Buy)	08/12/2025	08/12/2034	American Depository Shares	6,250	$10	D

Explanation of Responses:

1. Each American depositary share ("ADS") represents ten (10) ordinary shares of Four Seasons Education (Cayman) Inc. (the "Company").

2. Held by Four Seasons Education Holdings Limited, a British Virgin Islands company wholly-owned by the reporting person.

3. This option vested in three substantially equal annual installments beginning on July 3, 2019.

4. This option vested in four equal annual installments beginning on February 5, 2022.

	/s/ Tian Peiqing	03/16/2026
	** 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.

FAQ

What does Four Seasons Education (FEDU) director Tian Peiqing report on this Form 3?

Tian Peiqing reports existing ownership in Four Seasons Education, including stock options over ADSs, directly held ADSs, and indirectly held ordinary shares. This is an initial ownership disclosure, not a new transaction, giving investors a snapshot of Tian’s current equity stake.

How many American depositary shares does Tian Peiqing hold or control in FEDU?

Tian holds stock options over ADSs and direct ADSs. The options cover 25,000, 30,000 and 6,250 underlying ADSs, and Tian directly owns 1,250 ADSs. Each ADS represents ten ordinary shares of Four Seasons Education (Cayman) Inc., according to the disclosure footnote.

What indirect ownership in Four Seasons Education (FEDU) does Tian Peiqing report?

Tian indirectly owns 8,372,401 ordinary shares of Four Seasons Education through Four Seasons Education Holdings Limited, a British Virgin Islands company wholly owned by Tian. This structure means the shares are held via the entity, but beneficial ownership is attributed to Tian.

What are the key terms of Tian Peiqing’s stock options in Four Seasons Education?

Tian’s stock options cover ADSs at fixed exercise prices. Options over 25,000 and 30,000 ADSs have an exercise price of $8.0000 and expire in 2028 and 2031, while options over 6,250 ADSs have a $10.0000 exercise price and expire in 2034.

Does this FEDU Form 3 show any recent insider buying or selling by Tian Peiqing?

No explicit insider buying or selling is shown. The entries are classified as holdings, with transaction direction fields marked as unknown. The filing functions as an initial statement of beneficial ownership rather than a record of new market transactions.