Gaotu Techedu CEO-linked entity buys 200K ADS
Gaotu Techedu Inc. disclosed that 200,000 ADS were acquired in an open-market purchase at $2.235 per ADS.
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Rhea-AI Filing Summary
Gaotu Techedu Inc. disclosed that 200,000 ADS were acquired in an open-market purchase at $2.235 per ADS. The transaction was carried out through Ebetter International Group Limited, an entity associated with CEO Chen Xiangdong, and is reported as indirect ownership.
Following this purchase, indirect holdings reported for this entity increased to 7,714,529 ADS. Each ADS represents an interest in Gaotu Techedu’s Class A ordinary shares, with every three ADSs corresponding to two Class A ordinary shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | ADS | 200,000 | $2.235 | $447K |
Footnotes (1)
- F1. Every three ADSs represent two Class A ordinary shares.
Key Figures
Key Terms
ADS financial
open-market purchase financial
indirect ownership financial
Form 4 regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Gaotu Techedu (GOTU) report for Chen Xiangdong?
At what price were the 200,000 Gaotu Techedu (GOTU) ADS purchased?
How many Gaotu Techedu (GOTU) ADS are held after this insider transaction?
Who actually holds the Gaotu Techedu (GOTU) ADS from this Form 4 transaction?
AI-generated analysis. How Rhea-AI works. Not financial advice.