uCloudlink (NASDAQ: UCL) director adds 20,000 ADS to stake
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 20,000 shares
Net Buy
3 txns
Insider
Peng Zhiping
Role
Director, 10% Owner
Bought
10,000 shs ($11K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | American depositary shares | 10,000 | $1.0874 | $11K |
| Small Acquisition | 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);
Class A Ordinary Share, par value US$0.00005 per share — 4,954,830 shares (Direct)
Footnotes (3)
- F1. Each American depositary share ("ADS") represents ten Class A ordinary shares.
- F2. 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.
- F3. 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
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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.