TAL Education: Kaifu Zhang awarded 35,307 options

Q: What transactions did TAL director Kaifu Zhang report?

Kaifu Zhang reported that 15,300 RSUs vested in full and a separate transaction involving acquisition of 15,300 ADSs through exercise or conversion on October 26, 2026. The report also lists 4,248 ADSs delivered or withheld for payment of exercise price or tax liability at $10.24 per share.

Q: What are the terms of Kaifu Zhang's TAL stock option award?

The award was for 35,307 stock options, each exercisable for one ADS at $0.01 and expiring on October 26, 2036. The options vest in three installments of 11,769 ADSs on October 26, 2027, October 26, 2028, and October 26, 2029, subject to the director providing service on each vesting date.

The 35,307-option award vests in three annual installments, subject to the director providing service on each vesting date.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

TAL Education Group director Kaifu Zhang reported transactions on October 26, 2026. 15,300 RSUs vested in full; another transaction line reports acquisition of 15,300 ADSs through exercise or conversion. The report also records 4,248 ADSs delivered or withheld for payment of exercise price or tax liability at $10.24 per share, and an award of 35,307 stock options exercisable at $0.01 per ADS.

Insider Trade Summary

15,300 shares exercised/converted

Exercise 4 txns

Insider ZHANG KAIFU

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units (RSU) ^{F2, F3}	15,300	$0.00	$0.00
Grant/Award	Stock Option (Right to Buy) ^{F4, F5}	35,307	$0.00	$0.00
Exercise	American Depositary Shares ^F1	15,300	$0.00	$0.00
Exercise Price or Tax Liability	American Depositary Shares ^F1	4,248	$10.24	$43K

Holdings After Transaction: Restricted Stock Units (RSU) — 0 contracts (Direct); Stock Option (Right to Buy) — 35,307 contracts (Direct); American Depositary Shares — 64,892 shares (Direct)

Footnotes (5)

F1. Each three American Depositary Shares ("ADSs") represent one Class A common share, with a par value of $0.001 per share, of the Issuer.
F2. Each RSU represents a contingent right to receive 1 share of the Issuer's ADSs upon settlement.
F3. The RSUs vested in full on October 26, 2026.
F4. Each Stock Option is exercisable for one ADS.
F5. This option vests as follows, subject to the Reporting Person's provision of service to the Issuer on each vesting date: (i) 11,769 ADSs vest on October 26, 2027, (ii) 11,769 ADSs vest on October 26, 2028, and (iii) 11,769 ADSs vest on October 26, 2029.

Key Figures

RSUs vested: 15,300 RSUs ADSs acquired: 15,300 ADSs ADSs delivered or withheld: 4,248 ADSs +5 more

8 metrics

RSUs vested 15,300 RSUs Vested in full on October 26, 2026

ADSs acquired 15,300 ADSs Reported exercise or conversion on October 26, 2026

ADSs delivered or withheld 4,248 ADSs For payment of exercise price or tax liability

Price per ADS $10.24 per share Reported with the delivery or withholding of 4,248 ADSs

Stock option award 35,307 stock options Each option is exercisable for one ADS

Option exercise price $0.01 per ADS Exercise price for the stock option award

ADSs vesting per installment 11,769 ADSs Each of three installments, scheduled for October 26, 2027, October 26, 2028, and October 26, 2029

Option expiration date October 26, 2036 Expiration date for the stock option award

Key Terms

Restricted Stock Units (RSU), American Depositary Shares, Stock Option (Right to Buy)

3 terms

Restricted Stock Units (RSU) financial

"Restricted Stock Units (RSU)"

American Depositary Shares financial

"Each Stock Option is exercisable for one ADS."

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

Stock Option (Right to Buy) financial

"Stock Option (Right to Buy)"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transactions did TAL director Kaifu Zhang report?

Kaifu Zhang reported that 15,300 RSUs vested in full and a separate transaction involving acquisition of 15,300 ADSs through exercise or conversion on October 26, 2026. The report also lists 4,248 ADSs delivered or withheld for payment of exercise price or tax liability at $10.24 per share.

What are the terms of Kaifu Zhang's TAL stock option award?

The award was for 35,307 stock options, each exercisable for one ADS at $0.01 and expiring on October 26, 2036. The options vest in three installments of 11,769 ADSs on October 26, 2027, October 26, 2028, and October 26, 2029, subject to the director providing service on each vesting date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Available on EDGAR 10/28/2026 - 10:01 AM EDT Accepted by SEC EDGAR 10/28/2026 - 10:00 AM EDT

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

ZHANG KAIFU

(Last)

(First)

(Middle)

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

(Street)

BEIJING

102200

(City)

(State)

(Zip)

CHINA

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/26/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
American Depositary Shares⁽¹⁾	10/26/2026		M		15,300	A	$0.000	69,140	D
American Depositary Shares⁽¹⁾	10/26/2026		F		4,248	D	$10.24	64,892	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units (RSU)	⁽²⁾	10/26/2026		M			15,300	⁽³⁾	⁽³⁾	American Depositary Shares	15,300	$0.000	0	D
Stock Option (Right to Buy)⁽⁴⁾	$0.01	10/26/2026		A		35,307		⁽⁵⁾	10/26/2036	American Depositary Shares	35,307	$0.000	35,307	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. Each RSU represents a contingent right to receive 1 share of the Issuer's ADSs upon settlement.

3. The RSUs vested in full on October 26, 2026.

4. Each Stock Option is exercisable for one ADS.

5. This option vests as follows, subject to the Reporting Person's provision of service to the Issuer on each vesting date: (i) 11,769 ADSs vest on October 26, 2027, (ii) 11,769 ADSs vest on October 26, 2028, and (iii) 11,769 ADSs vest on October 26, 2029.

	/s/ Jackson Ding, attorney-in-fact for Zhang Kaifu	10/28/2026
	** 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 4 (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 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR