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.
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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.
Insider Trade Summary
| 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 |
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.
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FAQ
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What equity award did director Kong Ying receive from UCL?
How do the 40,000 RSUs granted to Kong Ying at UCL vest over time?
Was the RSU grant to Kong Ying at UCL a market purchase?
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