uCloudlink (UCL) director Kong Ying files initial share and RSU holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
uCloudlink Group Inc. director Kong Ying has filed an initial ownership report detailing current equity interests in the company. The filing lists Class A ordinary share holdings and several grants of unvested restricted share units, each representing one Class A share upon vesting.
RSU tranches are scheduled to vest on August 30 and May 31 in various years from 2026 through 2030, including 5,000-share installments on August 30, 2026 and 2027 and multiple installments on May 31 across those years.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Kong Ying
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| 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:
Class A ordinary shares — 145,000 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. 5,000 RSUs will vest on each of August 30, 2026 and 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. 5,000 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. 8,000 RSUs will vest on May 31, 2026. 4,000 RSUs will vest on each of May 31, 2027, 2028 and 2029. This represents the remaining unvested RSUs granted to the reporting person on 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.
FAQ
What does the Form 3 filed by uCloudlink (UCL) director Kong Ying show?
The Form 3 shows director Kong Ying’s initial beneficial ownership in uCloudlink Group Inc., including Class A ordinary share holdings and multiple grants of unvested restricted share units that each convert into one Class A ordinary share upon vesting over several future years.
When will the 2022 RSU grant to Kong Ying at uCloudlink (UCL) vest?
The remaining unvested RSUs from the August 30, 2022 grant vest in two equal tranches. 5,000 RSUs vest on August 30, 2026 and another 5,000 RSUs vest on August 30, 2027, each delivering one Class A share per unit at vesting.
What is the vesting schedule for Kong Ying’s 2023 RSUs at uCloudlink (UCL)?
The remaining unvested RSUs granted on May 31, 2023 vest in three equal installments. 5,000 RSUs vest on each of May 31, 2026, 2027 and 2028, with every RSU converting into one Class A ordinary share when it vests.
How do the 2024 and 2025 RSU grants to Kong Ying at uCloudlink (UCL) vest?
The May 31, 2024 grant vests 8,000 RSUs on May 31, 2026 and 4,000 RSUs on each of May 31, 2027, 2028 and 2029. The May 31, 2025 grant vests 20,000 RSUs in 2026, 8,000 in 2027, then 4,000 annually through 2030.