SEC Form 4 · accession 0001104659-26-084902
51Talk Online Education Group · COE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jack Jiajia Huang
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Jul 9, 2026
Accepted (ET)
Jul 20, 2026 · 8:17 am EDT
Rule 10b5-1 plan
yes — trade under a plan
Issuer CIK
0001659494
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Ordinary Share, par value US$0.0001F1,F3,F4 | Jul 9, 2026 | P | 186,840 | $17.19 | A | 30,554,280 | I | By HH Talent Limited |
| Class A Ordinary Share, par value US$0.0001F1,F5,F4 | Jul 10, 2026 | P | 95,040 | $16.71 | A | 30,649,320 | I | By HH Talent Limited |
| Class A Ordinary Share, par value US$0.0001F1,F6,F4 | Jul 13, 2026 | P | 213,480 | $17.24 | A | 30,862,800 | I | By HH Talent Limited |
| Class A Ordinary Share, par value US$0.0001F1,F7 | Jul 10, 2026 | M | 72,720 | $0.00 | A | 505,620 | I | By Spouse |
| Class A Ordinary Share, par value US$0.0001F1,F8,F7 | Jul 14, 2026 | F | 12,000 | $17.13 | D | 493,620 | I | By Spouse |
| Class A Ordinary Share, par value US$0.0001F1 | holding | — | — | — | 7,297,560 | D | ||
| Class A Ordinary Share, par value US$0.0001F1,F9 | holding | — | — | — | 42,251,300 | I | By Dasheng Global Limited |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share Units (RSUs)F7,F10,F11 | — | Jul 10, 2026 | A | 72,720 | A | — | Jul 1, 2035 | Class A Ordinary Share, par value US$0.0001 | 72,720 | 72,720 | I |
Explanation of responses
- F1The Class A ordinary shares are held in the form of American depositary shares ("ADS"). Each ADS represents sixty Class A ordinary shares.
- F10Represents RSUs granted to the reporting person's spouse pursuant to the issuer's share incentive plans. Each RSU represents the contingent right to receive one (1) class A ordinary share of issuer upon vesting.
- F11The reporting person's spouse was granted 145,440 RSUs on July 10, 2026, of which 72,720 RSUs vested in full on the date of grant. The remaining 72,720 RSUs vest in four equal quarterly installments of 18,180 RSUs on October 1, 2026, January 1, 2027, April 1, 2027 and July 1, 2027, respectively.
- F2These transactions were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on December 25, 2025.
- F3The 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 $16.75 to $17.69 per ADS. 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, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of ADS purchased at each price. All of these ADS were purchased by HH Talent Limited (as defined below).
- F4HH Talent Limited is a British Virgin Islands company. The reporting person is the sole director of HH Talent Limited. HH Talent Limited is wholly beneficially owned by HH Talent Holdings Limited, which is in turn wholly owned by HH Talent Trust, for which TMF (Cayman) Ltd. acts as the trustee (the "Trustee"). S.B. Vanwall Ltd., appointed by the Trustee, is the sole director of HH Talent Holdings Limited. The settlor of HH Talent Trust is the reporting person. The reporting person is deemed to be the beneficial owner of the shares directly held by HH Talent Limited.
- F5The 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 $16.50 to $17.05 per ADS. 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, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of ADS purchased at each price. All of these ADS were purchased by HH Talent Limited (as defined above).
- F6The 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 $16.53 to $17.70 per ADS. 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, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of ADS purchased at each price. All of these ADS were purchased by HH Talent Limited (as defined above).
- F7The reporting person disclaims beneficial ownership of the shares held by his spouse except to the extent of his pecuniary interest, if any, and this report should not be deemed an admission that the reporting person is the beneficial owner of the shares held by his spouse for purposes of Section 16 or for any other purpose.
- F8Represents Class A ordinary shares, in the form of American depositary shares, sold pursuant to a mandatory, non-discretionary, sell-to-cover arrangement for the purpose of satisfying income tax liabilities of the reporting person's spouse incurred upon vesting of her restricted share units ("RSUs")
- F9Each of Dasheng Global Limited and Dasheng Online Limited is a British Virgin Islands company. The reporting person is the sole director of Dasheng Global Limited, and Ms. Ting Shu, who is the spouse of the reporting person, is the sole director of Dasheng Online Limited. Each of Dasheng Global Limited and Dasheng Online Limited is wholly beneficially owned by Dasheng International Holdings Limited, which is in turn wholly owned by TB Family Trust, for which TMF (Cayman) Ltd. acts as the trustee (the "Trustee"). S.B. Vanwall Ltd., appointed by the Trustee, is the sole director of Dasheng International Holdings Limited. The settlors of TB Family Trust are reporting person and Ms. Ting Shu. The reporting person, Ms. Ting Shu and their family members are deemed to be beneficial owners of the shares directly held by Dasheng Global Limited and Dasheng Online Limited.