uCloudlink Group (UCL) director details Class A shares and RSU vesting

Rhea-AI Filing Summary

uCloudlink Group Inc. director Hope Ni filed an initial statement of beneficial ownership for Class A ordinary shares. The filing also details several unvested restricted share unit (RSU) awards that may convert into Class A shares over time.

RSUs granted on August 30, 2022 will vest in two tranches of 5,000 units each on August 30, 2026 and 2027. Awards granted on May 31, 2023 will vest in three tranches of 5,000 units each on May 31, 2026, 2027 and 2028. Further RSUs granted on May 31, 2024 vest as 8,000 units on May 31, 2026 and 4,000 units on each of May 31, 2027, 2028 and 2029. The May 31, 2025 grant vests as 20,000 units on May 31, 2026, 8,000 units on May 31, 2027 and 4,000 units on each of May 31, 2028, 2029 and 2030. Each RSU represents a right to receive one Class A share upon vesting. The filing also explains that each Class A ordinary share carries one vote, while each Class B ordinary share carries 15 votes and can be converted into Class A shares on a one-for-one basis.

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^*

Ni Hope

(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)

UNITED STATES

(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)

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

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)	145,000	D
Class A ordinary shares(2)	10,000	D
Class A ordinary shares(3)	15,000	D
Class A ordinary shares(4)	20,000	D
Class A ordinary shares(5)	40,000	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

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. 5,000 RSUs will vest on each of August 30, 2026 and 2027.

3. This represents the remaining unvested RSUs granted to the reporting person on 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. 5,000 will vest on each of May 31, 2026, 2027 and 2028.

4. 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. 8,000 RSUs will vest on May 31, 2026. 4,000 RSUs will vest on each of May 31, 2027, 2028 and 2029.

5. 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. 20,000 RSUs will vest on May 31, 2026. 8,000 RSUs will vest on May 31, 2027. 4,000 RSUs will vest on each of May 31, 2028, 2029 and 2030.

	/s/ Hope Ni	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 uCloudlink (UCL) director Hope Ni report in this Form 3?

The Form 3 shows Hope Ni’s initial beneficial ownership in uCloudlink’s Class A ordinary shares and related RSU awards. It lists existing Class A holdings and multiple unvested RSU grants that may convert into Class A shares on specified vesting dates from 2026 through 2030.

How are uCloudlink (UCL) Class A and Class B ordinary shares different?

Class A and Class B shares mainly differ in voting power. Each Class A ordinary share carries one vote, while each Class B ordinary share carries 15 votes and can be converted at any time into Class A shares on a one-for-one basis.

What is the vesting schedule for Hope Ni’s August 30, 2022 RSUs at uCloudlink (UCL)?

The August 30, 2022 RSU grant vests in two equal tranches. The filing states that 5,000 RSUs will vest on August 30, 2026 and another 5,000 RSUs will vest on August 30, 2027, each RSU delivering one Class A ordinary share upon vesting.

What future vesting dates apply to Hope Ni’s 2023 and 2024 RSUs at uCloudlink (UCL)?

The 2023 RSUs vest in 2026, 2027 and 2028, with 5,000 units each year on May 31. The 2024 RSUs vest as 8,000 units on May 31, 2026 and 4,000 units on each of May 31, 2027, 2028 and 2029, subject to continued eligibility.

How do Hope Ni’s May 31, 2025 RSUs at uCloudlink (UCL) vest over time?

The May 31, 2025 RSU grant has five vesting years. The filing states that 20,000 RSUs vest on May 31, 2026, 8,000 on May 31, 2027, and 4,000 RSUs on each of May 31, 2028, 2029 and 2030, each convertible into one Class A share.

What does each RSU represent in uCloudlink (UCL) director Hope Ni’s Form 3?

Each RSU is a contingent right to one Class A share. Upon vesting on the specified dates, every restricted share unit converts into a single Class A ordinary share of uCloudlink, aligning the director’s potential future equity with the company’s performance.