Gaotu Techedu (GOTU) director Hu Yiming discloses RSU and ADS stake
Rhea-AI Filing Summary
Gaotu Techedu Inc. director Hu Yiming reported initial holdings on a Form 3. The filing shows direct beneficial ownership of 6,000 and 8,000 RSUs over Class A ordinary shares, plus 16,235 ADSs. The RSUs were granted on August 1, 2019, vest in three annual installments, and do not have an expiration date.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Hu Yiming
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | RSU | -- | -- | -- |
| holding | RSU | -- | -- | -- |
| holding | ADSs | -- | -- | -- |
Holdings After Transaction:
RSU — 14,000 shares (Direct);
ADSs — 16,235 shares (Direct)
Footnotes (3)
- F1. Every three ADSs represent two Class A ordinary shares.
- F2. These restricted share units were granted on August 1, 2019 and vest in 3 installments. 2,000 restricted share units vested on August 1, 2020, 2021 and 2022, respectively.
- F3. These RSUs do not have an expiration date.
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FAQ
What insider ownership did Hu Yiming report in Gaotu Techedu (GOTU) Form 3?
Hu Yiming reported direct holdings of RSUs over Class A ordinary shares and ADSs in Gaotu Techedu. The Form 3 lists 6,000 and 8,000 RSUs plus 16,235 ADSs, establishing his initial disclosed beneficial ownership position as a director.
How many RSUs does Hu Yiming hold in Gaotu Techedu (GOTU)?
The Form 3 lists two RSU positions for Hu Yiming: 6,000 RSUs and 8,000 RSUs tied to Class A ordinary shares. These RSUs were granted on August 1, 2019 and vest in three equal annual installments, according to the disclosure footnotes.
What does the Gaotu Techedu (GOTU) Form 3 say about Hu Yiming’s ADS holdings?
Hu Yiming directly holds 16,235 ADSs of Gaotu Techedu according to the Form 3. A footnote explains that every three ADSs represent two Class A ordinary shares, clarifying the economic relationship between the ADSs and the underlying equity.
How do Hu Yiming’s RSUs in Gaotu Techedu (GOTU) vest?
The RSUs were granted on August 1, 2019 and vest in three installments of 2,000 units each. Vesting dates are August 1, 2020, 2021 and 2022, respectively, providing a clear schedule of when the restricted units became fully vested.
Do Hu Yiming’s RSUs in Gaotu Techedu (GOTU) have an expiration date?
The disclosure states that these RSUs do not have an expiration date. This means the rights associated with the vested RSUs remain outstanding until settled according to the company’s equity plan terms, rather than expiring on a fixed future date.