How are uCloudlink (UCL) ADS related to Class A ordinary shares?

Each uCloudlink American depositary share represents ten Class A ordinary shares. This means ADS transactions effectively bundle multiple underlying ordinary shares, simplifying trading for investors while still reflecting economic exposure to the same underlying equity class.

uCloudlink (NASDAQ: UCL) director adds 20,000 ADS to stake

Filing Impact

(Neutral)

Filing Sentiment

(Positive)

Form Type

Rhea-AI Filing Summary

uCloudlink Group Inc. director and 10% owner Peng Zhiping reported additional purchases of the company’s American depositary shares (ADS). On June 5, he made an open-market purchase of 10,000 ADS at a weighted average price of $1.0874 per ADS. On June 4, he recorded a separate 10,000 ADS small acquisition under Rule 16a-6 at a weighted average price of $0.9999 per ADS. Each ADS represents ten Class A ordinary shares. Following these transactions, he directly holds 515,736 ADS and 4,954,830 Class A ordinary shares. Footnotes state both ADS trades were executed through a broker in multiple same-day open-market purchases within disclosed price ranges, reported on an aggregate weighted-average basis.

Insider Trade Summary

Net Buyer: 10,000 shares ($10,874)

Net Buy 3 txns

Insider Peng Zhiping

Role null

Bought 10,000 shs ($11K)

Type	Security	Shares	Price	Value
Purchase	American depositary shares	10,000	$1.0874	$11K
L	American depositary shares	10,000	$0.9999	$10K
holding	Class A Ordinary Share, par value US$0.00005 per share	--	--	--

Holdings After Transaction: American depositary shares — 515,736 shares (Direct, null); Class A Ordinary Share, par value US$0.00005 per share — 4,954,830 shares (Direct, null)

Footnotes (1)

Each American depositary share ("ADS") represents ten Class A ordinary shares. The price reported in Column 4 is a weighted average price of ADS. The reporting person executed a trade order through a broker-dealer which resulted in multiple same-day, same-way open market purchases of ADSs, with prices ranging from $0.9935 to $1.00, inclusive. The reporting person has reported these purchases on an aggregate basis using the weighted average price, rounded to the nearest cent, for the transactions. The reporting person undertakes to provide to UCLOUDLINK GROUP INC , any security holder of UCLOUDLINK GROUP INC , or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of ADS purchased at each separate price within the ranges set forth in footnotes (2) and (3) to this Form 4. The price reported in Column 4 is a weighted average price of ADS. The reporting person executed a trade order through a broker-dealer which resulted in multiple same-day, same-way open market purchases, with prices ranging from $1.06 to $1.09, inclusive. The reporting person has reported these purchases on an aggregate basis using the weighted average price, rounded to the nearest cent, for the transactions.

Key Figures

Open-market ADS purchase: 10,000 ADS at $1.0874 Small ADS acquisition: 10,000 ADS at $0.9999 ADS holdings after trades: 515,736 ADS +4 more

7 metrics

Open-market ADS purchase 10,000 ADS at $1.0874 Non-derivative open-market purchase on June 5, 2026

Small ADS acquisition 10,000 ADS at $0.9999 Small acquisition under Rule 16a-6 on June 4, 2026

ADS holdings after trades 515,736 ADS Total American depositary shares directly held after transactions

Class A share holdings 4,954,830 shares Class A ordinary shares directly held as of June 4, 2026

ADS to ordinary share ratio 1 ADS = 10 Class A shares Conversion relationship disclosed in footnote

Lower ADS price range $0.9935–$1.00 Range for multiple same-day ADS purchases aggregated at $0.9999

Higher ADS price range $1.06–$1.09 Range for multiple same-day ADS purchases aggregated at $1.0874

Key Terms

American depositary shares, weighted average price, Rule 16a-6, open market purchases

4 terms

American depositary shares financial

"American depositary shares ("ADS") represents ten Class A ordinary shares."

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

weighted average price financial

"The price reported in Column 4 is a weighted average price of ADS."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Rule 16a-6 regulatory

"transaction_code_description": "Small acquisition under Rule 16a-6""

open market purchases financial

"multiple same-day, same-way open market purchases of ADSs, with prices ranging"

Open market purchases are buys of a company’s shares (or other securities) made on public exchanges at prevailing market prices rather than through private deals. For investors this matters because when a company buys back its own stock it reduces the number of shares available, which can boost per-share earnings and often signals management’s confidence; it also affects supply, demand and short-term liquidity much like someone quietly buying up items from a crowded marketplace.

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Form 4 Insider Transactions: What Each Field Means →

06/08/2026 - 08:03 AM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Peng Zhiping

(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)

HONG KONG

(Country)

2. Issuer Name and Ticker or Trading Symbol
uCloudlink Group Inc. [ UCL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/04/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
American depositary shares⁽¹⁾	06/04/2026		L		10,000	A	$0.9999⁽²⁾	505,736	D
American depositary shares⁽¹⁾	06/05/2026		P		10,000	A	$1.0874⁽³⁾	515,736	D
Class A Ordinary Share, par value US$0.00005 per share								4,954,830	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Each American depositary share ("ADS") represents ten Class A ordinary shares.

2. The price reported in Column 4 is a weighted average price of ADS. The reporting person executed a trade order through a broker-dealer which resulted in multiple same-day, same-way open market purchases of ADSs, with prices ranging from $0.9935 to $1.00, inclusive. The reporting person has reported these purchases on an aggregate basis using the weighted average price, rounded to the nearest cent, for the transactions. The reporting person undertakes to provide to UCLOUDLINK GROUP INC , any security holder of UCLOUDLINK GROUP INC , or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of ADS purchased at each separate price within the ranges set forth in footnotes (2) and (3) to this Form 4.

3. The price reported in Column 4 is a weighted average price of ADS. The reporting person executed a trade order through a broker-dealer which resulted in multiple same-day, same-way open market purchases, with prices ranging from $1.06 to $1.09, inclusive. The reporting person has reported these purchases on an aggregate basis using the weighted average price, rounded to the nearest cent, for the transactions.

	/s/ Zhiping Peng	06/08/2026
	** 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 4 (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 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Peng Zhiping report for uCloudlink (UCL)?

Peng Zhiping reported two ADS acquisitions in uCloudlink. He bought 10,000 ADS in an open-market trade at a weighted average of $1.0874 and made a 10,000 ADS small acquisition at $0.9999, both recorded as direct holdings.

How many uCloudlink (UCL) ADS did Peng Zhiping buy and at what prices?

Peng Zhiping acquired 20,000 American depositary shares in total. One 10,000 ADS trade used a weighted average price of $1.0874, and another 10,000 ADS small acquisition used a weighted average of $0.9999, both based on multiple same-day open-market purchases.

What are Peng Zhiping’s holdings in uCloudlink (UCL) after these transactions?

After the reported transactions, Peng Zhiping directly holds 515,736 American depositary shares and 4,954,830 Class A ordinary shares of uCloudlink. Each ADS represents ten Class A ordinary shares, so his ADS position reflects a substantially larger underlying ordinary share interest.

Were Peng Zhiping’s uCloudlink (UCL) ADS trades single fills or multiple lots?

The filing states both ADS purchases were executed through a broker as multiple same-day, same-way open-market trades within specified price ranges, then reported using weighted average prices rounded to the nearest cent for disclosure.