Gaotu CEO buys 59,148 ADS in open market
Gaotu Techedu Inc. CEO Chen Xiangdong, through entity Ebetter International Group Limited, made an open-market purchase of 59,148 ADS at an average price of $2.4163 per ADS.
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Rhea-AI Filing Summary
Gaotu Techedu Inc. CEO Chen Xiangdong, through entity Ebetter International Group Limited, made an open-market purchase of 59,148 ADS at an average price of $2.4163 per ADS. Following this transaction, his indirect holdings increased to 7,847,478 ADS.
Each three ADSs represent two Class A ordinary shares, so the filing reflects additional exposure to Gaotu’s equity via American depositary shares rather than direct ordinary share ownership.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | ADS | 59,148 | $2.4163 | $143K |
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
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Gaotu Techedu (GOTU) report on this Form 4?
At what price did the Gaotu Techedu (GOTU) ADS purchase occur?
How many Gaotu Techedu (GOTU) ADS does the insider hold after this trade?
Who actually holds the Gaotu Techedu (GOTU) ADS purchased in this Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.