TAL Education (NYSE: TAL) officer discloses ADS, RSU and option holdings

Rhea-AI Filing Summary

TAL Education Group officer Peng Alex Zhuangzhuang filed an initial ownership report showing direct holdings in American Depositary Shares (ADSs) and equity awards. He directly holds 102,853 ADSs. The filing also lists restricted stock units (RSUs) covering 121,440 ADSs and an additional tranche covering 30,360 ADSs. According to the terms, these RSUs vest in four equal annual installments beginning April 26, 2026, including a performance-based RSU grant subject to its agreement. The report further shows stock options over 224,100 ADSs and 317,580 ADSs at an exercise price of $0.01 per ADS, expiring on April 26, 2032, with one option vesting in two equal annual installments from April 26, 2026 and the other already fully vested and immediately exercisable. Each three ADSs represent one Class A common share.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider PENG ALEX ZHUANGZHUANG

Role See Remarks

Type	Security	Shares	Price	Value
holding	Restricted Stock Units (RSU)	--	--	--
holding	Restricted Stock Units (RSU)	--	--	--
holding	Stock Option (Right to Buy)	--	--	--
holding	Stock Option (Right to Buy)	--	--	--
holding	American Depositary Shares	--	--	--

Holdings After Transaction: Restricted Stock Units (RSU) — 121,440 shares (Direct); Stock Option (Right to Buy) — 224,100 shares (Direct); American Depositary Shares — 102,853 shares (Direct)

Footnotes (1)

1. Each three American Depositary Shares ("ADSs") represent one Class A common share, with a par value of $0.001 per share, of the Issuer. The RSUs vest in four equal annual installments beginning April 26, 2026, subject to the Reporting Person's continued service through each vesting date. Each RSU represents a contingent right to receive one share of the Issuer's ADSs upon settlement. The performance-based RSUs vest in four equal annual installments, beginning April 26, 2026, subject to the terms and conditions of the underlying RSUs agreement. Each Stock Option is exercisable for one ADS. This option vests in two equal annual installments, beginning April 26, 2026. This option is fully vested and immediately exercisable.

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SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

PENG ALEX ZHUANGZHUANG

(Last) (First) (Middle)

TAL BLDG NO.1, CTYD NO.9, QIXIN MID ST

(Street)

BEIJING 102200

(City) (State) (Zip)

CHINA

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
TAL Education Group [ TAL ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
American Depositary Shares(1)	102,853	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units (RSU)	(2)	(2)	American Depositary Shares	121,440	(3)	D
Restricted Stock Units (RSU)	(4)	(4)	American Depositary Shares	30,360	(3)	D
Stock Option (Right to Buy)(5)	(6)	04/26/2032	American Depositary Shares	224,100	$0.01	D
Stock Option (Right to Buy)(5)	(7)	04/26/2032	American Depositary Shares	317,580	$0.01	D

Explanation of Responses:

1. Each three American Depositary Shares ("ADSs") represent one Class A common share, with a par value of $0.001 per share, of the Issuer.

2. The RSUs vest in four equal annual installments beginning April 26, 2026, subject to the Reporting Person's continued service through each vesting date.

3. Each RSU represents a contingent right to receive one share of the Issuer's ADSs upon settlement.

4. The performance-based RSUs vest in four equal annual installments, beginning April 26, 2026, subject to the terms and conditions of the underlying RSUs agreement.

5. Each Stock Option is exercisable for one ADS.

6. This option vests in two equal annual installments, beginning April 26, 2026.

7. This option is fully vested and immediately exercisable.

Remarks:

President and Chief Financial Officer. Exhibit 24 - Power of Attorney

	/s/ Jackson Ding, attorney-in-fact for PENG ALEX ZHUANGZHUANG	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does the TAL Form 3 filing report for officer Peng Alex Zhuangzhuang?

The Form 3 reports Peng Alex Zhuangzhuang’s initial beneficial ownership in TAL. It shows direct holdings of 102,853 ADSs plus multiple RSU and stock option awards that provide additional potential ADSs subject to vesting schedules and option exercise terms.

How many TAL Education Group ADSs does Peng Alex Zhuangzhuang directly hold?

Peng Alex Zhuangzhuang directly holds 102,853 American Depositary Shares of TAL Education Group. This direct position is separate from his restricted stock units and stock options, which represent additional potential ADSs that may be received upon vesting or option exercise.

What RSU awards are disclosed for Peng Alex Zhuangzhuang in TAL’s Form 3?

The filing discloses RSUs linked to 121,440 ADSs and another tranche linked to 30,360 ADSs. These RSUs vest in four equal annual installments beginning April 26, 2026, including performance-based RSUs governed by their underlying agreement.

What stock options does Peng Alex Zhuangzhuang hold in TAL Education Group?

He holds stock options over 224,100 and 317,580 TAL ADSs, each with a $0.01 exercise price and an April 26, 2032 expiration. One option vests in two annual installments from April 26, 2026, while the other is fully vested and immediately exercisable.

How do TAL Education Group ADSs relate to Class A common shares?

Each three TAL Education Group American Depositary Shares represent one Class A common share with a par value of $0.001. This ratio means Peng’s ADS-based RSUs and options ultimately correspond to underlying Class A common shares of the issuer.

When do Peng Alex Zhuangzhuang’s TAL RSUs begin vesting?

Both time-based and performance-based RSUs begin vesting on April 26, 2026. They vest in four equal annual installments from that date, contingent on continued service and, for performance-based grants, satisfaction of the RSU agreement’s conditions.