CFO Shi Yimeng details uCloudlink (UCL) shares, options and RSUs

Rhea-AI Filing Summary

uCloudlink Group Inc. Chief Financial Officer Shi Yimeng has filed an initial ownership report detailing his equity interests in the company. He directly holds Class A ordinary shares and multiple fully vested share options with a $0.5000 exercise price, expiring between 2027 and 2031.

The report also lists several grants of remaining unvested restricted share units made between 2022 and 2026, with scheduled vesting dates from 2026 through 2031. Each RSU represents a contingent right to receive one Class A ordinary share upon vesting.

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

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1. Name and Address of Reporting Person^*

Shi Yimeng

(Last) (First) (Middle)

UNIT 2214-RM1, 22/F, MIRA PLACE TOWER A

132 NATHAN ROAD, TSIM SHA TSUI, KOWLOON

(Street)

HONG KONG 000000

(City) (State) (Zip)

HONG KONG

(Country)

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

3. Issuer Name and Ticker or Trading Symbol
uCloudlink Group Inc. [ UCL ]

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)
	Chief Financial Officer

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)
Class A ordinary shares(1)	2,418,210	D
Class A ordinary shares(2)	144,000	D
Class A ordinary shares(3)	21,560	D
Class A ordinary shares(4)	180,000	D
Class A ordinary shares(5)	250,000	D
Class A ordinary shares(6)	70,340	D
Class A ordinary shares(7)	500,000	D
Class A ordinary shares(8)	171,820	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
Share Option (right to buy)	(9)	12/31/2030	Class A ordinary share	525,000	$0.5	D
Share Option (right to buy)	(9)	12/31/2031	Class A ordinary share	75,000	$0.5	D
Share Option (right to buy)	(9)	04/27/2027	Class A ordinary share	630,000	$0.5	D
Share Option (right to buy)	(9)	04/27/2028	Class A ordinary share	525,000	$0.5	D
Share Option (right to buy)	(9)	04/27/2029	Class A ordinary share	525,000	$0.5	D
Share Option (right to buy)	(9)	04/27/2030	Class A ordinary share	315,000	$0.5	D
Share Option (right to buy)	(9)	04/27/2031	Class A ordinary share	105,000	$0.5	D

Explanation of Responses:

1. Each holder of Class A ordinary shares of uCloudlink Group Inc. (the "Company") is entitled to one vote per share and each holder of Class B ordinary shares of the Company is entitled to 15 votes per share on all matters submitted to them for a vote. Class B ordinary shares are convertible at any time by the holder thereof into Class A ordinary shares on a one-for-one basis, whereas Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances.

2. This represents the remaining unvested restricted share units ("RSUs") granted to the reporting person on August 30, 2022 pursuant to the Company's share incentive plans. Each RSU represents a contingent right to receive one Class A common share upon vesting. 72,000 RSUs will vest on each of August 30, 2026 and 2027.

3. This represents the remaining unvested RSUs granted to the reporting person on January 1, 2023 pursuant to the Company's share incentive plans. Each RSU represents a contingent right to receive one Class A common share upon vesting. 21,560 RSUs will vest on January 31, 2027.

4. This represents the remaining unvested RSUs granted to the reporting person on May 31, 2023 pursuant to the Company's share incentive plans. Each RSU represents a contingent right to receive one Class A common share upon vesting. 60,000 RSUs will vest on each of May 31, 2026, 2027 and 2028.

5. This represents the remaining unvested RSUs granted to the reporting person on May 31, 2024 pursuant to the Company's share incentive plans. Each RSU represents a contingent right to receive one Class A common share upon vesting. 100,000 RSUs will vest on May 31, 2026. 50,000 RSUs will vest on each of May 31, 2027, 2028 and 2029.

6. This represents the remaining unvested RSUs granted to the reporting person on January 31, 2025 pursuant to the Company's share incentive plans. Each RSU represents a contingent right to receive one Class A common share upon vesting. 28,120 RSUs will vest on May 31, 2026. 14,050 RSUs will vest on each of May 31, 2027 and 2028. 14,120 RSUs will vest on May 31, 2029.

7. This represents the remaining unvested RSUs granted to the reporting person on May 31, 2025 pursuant to the Company's share incentive plans. Each RSU represents a contingent right to receive one Class A common share upon vesting. 250,000 RSUs will vest on May 31, 2026. 100,000 RSUs will vest on May 31, 2027. 50,000 RSUs will vest on each of May 31, 2028, 2029 and 2030.

8. This represents the remaining unvested RSUs granted to the reporting person on January 31, 2026 pursuant to the Company's share incentive plans. Each RSU represents a contingent right to receive one Class A common share upon vesting. 85,910 RSUs will vest on May 31, 2026. 34,360 RSUs will vest on May 31, 2027. 17,180 RSUs will vest on each of May 31, 2028 and 2029. 17,190 RSUs will vest on May 31, 2030.

9. The share option has fully vested and is exercisable as of the date of this form.

	/s/ Yimeng Shi	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 Shi Yimeng’s Form 3 filing for uCloudlink (UCL) show?

The Form 3 shows CFO Shi Yimeng’s initial ownership in uCloudlink. It details direct holdings of Class A ordinary shares, fully vested share options at $0.5000 per share, and multiple unvested RSU grants with vesting dates extending from 2026 to 2031.

What share options does uCloudlink (UCL) CFO Shi Yimeng hold?

Shi Yimeng holds several share options, each titled “Share Option (right to buy)” over Class A ordinary shares. These options carry a $0.5000 exercise price and have expiration dates between 2027-04-27 and 2031-12-31, and the filing notes one option grant is fully vested and exercisable.

How are uCloudlink (UCL) CFO Shi Yimeng’s RSUs scheduled to vest?

The filing lists remaining unvested RSUs from grants between 2022 and 2026. Examples include 72,000 RSUs vesting on each of August 30, 2026 and 2027, and 60,000 RSUs vesting on each of May 31, 2026, 2027 and 2028.

What additional RSU grants to uCloudlink (UCL) CFO Shi Yimeng are disclosed?

Further RSU grants include 250,000 RSUs vesting on May 31, 2026, then 100,000 on May 31, 2027, and 50,000 on each of May 31, 2028, 2029 and 2030. Another grant vests 85,910 RSUs on May 31, 2026, with smaller installments through 2030.

What voting rights attach to uCloudlink (UCL) Class A and Class B shares?

Each Class A ordinary share carries one vote, while each Class B ordinary share carries 15 votes on all matters. Class B shares are convertible into Class A shares on a one-for-one basis, but Class A shares are not convertible into Class B shares under any circumstances.

What does it mean that each RSU for uCloudlink (UCL) represents one Class A share?

Each RSU disclosed for Shi Yimeng represents a right to one Class A ordinary share upon vesting. The RSUs are contingent awards under the company’s share incentive plans and convert into actual shares only when their specific vesting dates and conditions are satisfied.