uCloudlink awards director Kong Ying 40,000 RSUs
uCloudlink Group Inc. (UCL) reported that director Kong Ying received an equity award in the form of 40,000 Restricted Share Units (RSUs) on August 31, 2026 under the company’s 2019 Share Incentive Plan.
Rhea-AI Filing Summary
uCloudlink Group Inc. (UCL) reported that director Kong Ying received an equity award in the form of 40,000 Restricted Share Units (RSUs) on August 31, 2026 under the company’s 2019 Share Incentive Plan. Each RSU converts into one Class A ordinary share upon vesting. The RSUs vest 50% on August 31, 2027, 20% on August 31, 2028, and 10% on each of August 31, 2029, 2030 and 2031, and Kong Ying now directly holds 270,000 Class A ordinary shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 40,000 shares
Grant/Award
1 txn
Insider
Kong Ying
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Ordinary Share, par value US$0.00005 per share F1, F2 | 40,000 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Ordinary Share, par value US$0.00005 per share — 270,000 shares (Direct)
Footnotes (2)
- F1. Each American depositary share ("ADS") represents ten Class A ordinary shares.
- F2. This represents 40,000 Restricted Share Units ("RSU") granted to the reporting person on August 31, 2026 pursuant to the Company's 2019 Share Incentive Plan (the "2019 Plan"). Each RSU represents a contingent right to receive one Class A ordinary share upon vesting. The RSUs vest 50% on August 31, 2027, 20% on August 31, 2028, and 10% on each of August 31, 2029, 2030 and 2031, subject to the terms of the 2019 Plan and applicable award agreement.
Key Figures
RSUs granted: 40,000 RSUs
Shares following transaction: 270,000 Class A ordinary shares
ADS ratio: 1 ADS = 10 Class A ordinary shares
+2 more
5 metrics
RSUs granted
40,000 RSUs
Restricted Share Units granted to director Kong Ying on August 31, 2026
Shares following transaction
270,000 Class A ordinary shares
Total direct holdings of Kong Ying after the RSU grant
ADS ratio
1 ADS = 10 Class A ordinary shares
Each American depositary share represents ten Class A ordinary shares
Initial vesting tranche
50% of 40,000 RSUs
Vests on August 31, 2027, under the 2019 Share Incentive Plan
Second vesting tranche
20% of 40,000 RSUs
Vests on August 31, 2028, under the 2019 Share Incentive Plan
Key Terms
Restricted Share Units, American depositary share, 2019 Share Incentive Plan
3 terms
FAQ
What equity award did director Kong Ying receive from UCL?
Kong Ying received an award of 40,000 Restricted Share Units (RSUs) on August 31, 2026 under uCloudlink Group Inc.’s 2019 Share Incentive Plan. Each RSU represents a contingent right to receive one Class A ordinary share upon vesting.
How do the 40,000 RSUs granted to Kong Ying at UCL vest over time?
The 40,000 RSUs vest 50% on August 31, 2027, 20% on August 31, 2028, and 10% on each of August 31, 2029, 2030 and 2031, subject to the terms of the 2019 Share Incentive Plan and the applicable award agreement.
Was the RSU grant to Kong Ying at UCL a market purchase?
No. The transaction code is A, described as a grant, award, or other acquisition. The RSUs were granted with a reported price of $0.0000 per share, indicating a compensation award rather than a market purchase.
AI-generated analysis. How Rhea-AI works. Not financial advice.