CFO Shi Yimeng details uCloudlink (UCL) shares, options and RSUs
Filing Impact
Filing Sentiment
Form Type
3
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
15 transactions reported
Mixed
15 txns
Insider
Shi Yimeng
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Share Option (right to buy) | -- | -- | -- |
| holding | Share Option (right to buy) | -- | -- | -- |
| holding | Share Option (right to buy) | -- | -- | -- |
| holding | Share Option (right to buy) | -- | -- | -- |
| holding | Share Option (right to buy) | -- | -- | -- |
| holding | Share Option (right to buy) | -- | -- | -- |
| holding | Share Option (right to buy) | -- | -- | -- |
| holding | Class A ordinary shares | -- | -- | -- |
| holding | Class A ordinary shares | -- | -- | -- |
| holding | Class A ordinary shares | -- | -- | -- |
| holding | Class A ordinary shares | -- | -- | -- |
| holding | Class A ordinary shares | -- | -- | -- |
| holding | Class A ordinary shares | -- | -- | -- |
| holding | Class A ordinary shares | -- | -- | -- |
| holding | Class A ordinary shares | -- | -- | -- |
Holdings After Transaction:
Share Option (right to buy) — 525,000 shares (Direct);
Class A ordinary shares — 2,418,210 shares (Direct)
Footnotes (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. 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. 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. 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. 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. 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. 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. 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. The share option has fully vested and is exercisable as of the date of this form.
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.
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.