Gaotu Techedu (NYSE: GOTU) CEO discloses ADS and share stakes
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Gaotu Techedu Inc. CEO Chen Xiangdong filed an initial Form 3 reporting his ownership in the company. The filing shows indirect ownership through Ebetter International Group Limited of 800,000 Class A ordinary shares and 73,305,288 Class B ordinary shares, plus direct ownership of 7,514,529 ADSs.
The footnotes state that every three ADSs represent two Class A ordinary shares, helping readers relate the ADS position to the underlying equity.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Chen Xiangdong
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A ordinary shares | -- | -- | -- |
| holding | Class B ordinary shares | -- | -- | -- |
| holding | ADSs | -- | -- | -- |
Holdings After Transaction:
Class A ordinary shares — 800,000 shares (Indirect, Ebetter International Group Limited);
Class B ordinary shares — 73,305,288 shares (Indirect, Ebetter International Group Limited);
ADSs — 7,514,529 shares (Direct)
Footnotes (1)
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FAQ
What does Chen Xiangdong’s Form 3 filing for Gaotu Techedu (GOTU) show?
The Form 3 shows CEO Chen Xiangdong’s existing ownership in Gaotu Techedu. He reports indirect stakes in Class A and Class B ordinary shares via Ebetter International Group Limited, and a separate direct position in ADSs, establishing his baseline holdings as a company insider.
What ADS holdings in Gaotu Techedu (GOTU) does the Form 3 disclose?
The filing discloses that Chen Xiangdong directly holds 7,514,529 ADSs of Gaotu Techedu. This position is separate from his indirect ordinary share interests and provides another way his economic exposure to the company’s performance is represented in public markets.
Does Gaotu Techedu’s Form 3 indicate recent buying or selling by Chen Xiangdong?
The Form 3 serves as an initial statement of ownership and lists holdings rather than explicit recent purchases or sales. The transactions are coded as holdings with unknown direction, so the document primarily establishes Chen Xiangdong’s baseline positions in shares and ADSs.