Gaotu Techedu (NYSE: GOTU) SVP reports RSU and ADS holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Gaotu Techedu Inc. SVP Luo Bin filed an initial ownership report showing existing equity interests in the company. The filing lists restricted share units (RSUs) covering 37,333, 18,000, 24,000 and 24,000 underlying Class A ordinary shares, all with a conversion price of 0.0000 and no expiration date. It also reports direct ownership of 93,169 ADSs and indirect ownership of 1,609,310 ADSs through Cheer Giant Development Limited (BVI). Every three ADSs represent two Class A ordinary shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Luo Bin
Role
SVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | RSU | -- | -- | -- |
| holding | RSU | -- | -- | -- |
| holding | RSU | -- | -- | -- |
| holding | RSU | -- | -- | -- |
| holding | ADSs | -- | -- | -- |
| holding | ADSs | -- | -- | -- |
Holdings After Transaction:
RSU — 37,333 shares (Direct);
ADSs — 93,169 shares (Direct);
ADSs — 1,609,310 shares (Indirect, Cheer Giant Development Limited(BVI))
Footnotes (1)
- Every three ADSs represent two Class A ordinary shares. These RSUs do not have an expiration date.
FAQ
What does Gaotu Techedu (GOTU) SVP Luo Bin report in this Form 3?
SVP Luo Bin reports his existing equity holdings in Gaotu Techedu. The filing lists several RSU awards over Class A ordinary shares and both direct and indirect holdings of American depositary shares, establishing his ownership position as a company insider at the reporting date.
What ADS holdings does Luo Bin disclose in Gaotu Techedu (GOTU)?
The filing shows direct ownership of 93,169 American depositary shares and indirect ownership of 1,609,310 ADSs held through Cheer Giant Development Limited (BVI). These ADS positions provide economic exposure to Gaotu Techedu’s Class A ordinary shares under the stated ADS-to-share conversion ratio.
Do Luo Bin’s Gaotu Techedu RSUs have an expiration date?
The disclosure notes that these RSUs do not have an expiration date. Combined with the zero conversion price, this means the RSUs remain outstanding until they settle into Class A ordinary shares under their vesting or settlement conditions, as governed by the company’s equity plans.