SEC Form 4 · accession 0001193125-26-379297
Youdao, Inc. · DAO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Heung Yeung Shum
Director
Period of report
Aug 31, 2026
Accepted (ET)
Sep 2, 2026 · 6:32 am EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001781753
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Ordinary SharesF1 | Aug 31, 2026 | M | 4,000 | — | A | 64,773 | D | |
| Class A Ordinary SharesF2 | Aug 31, 2026 | S$0 | 4,000 | — | D | 60,773 | D | |
| Class A Ordinary SharesF3 | Aug 31, 2026 | M | 3,997 | — | A | 64,770 | D | |
| Class A Ordinary SharesF2 | Aug 31, 2026 | S$0 | 3,997 | — | D | 60,773 | D | |
| Class A Ordinary SharesF4 | Aug 31, 2026 | M | 9,189 | — | A | 69,962 | D | |
| Class A Ordinary SharesF2 | Aug 31, 2026 | S$0 | 9,189 | — | D | 60,773 | D | |
| Class A Ordinary SharesF5 | Sep 1, 2026 | M | 4,012 | — | A | 64,785 | D | |
| Class A Ordinary SharesF6 | Sep 1, 2026 | S$0 | 4,012 | — | D | 60,773 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionF7 | — | Aug 31, 2026 | M | 4,000 | D | — | — | Class A Ordinary Shares | 4,000 | 17,198 | D |
| OptionF8 | — | Aug 31, 2026 | M | 3,997 | D | — | — | Class A Ordinary Shares | 3,997 | 13,201 | D |
| OptionF9 | — | Aug 31, 2026 | M | 9,189 | D | — | — | Class A Ordinary Shares | 9,189 | 4,012 | D |
| OptionF10 | — | Sep 1, 2026 | M | 4,012 | D | — | — | Class A Ordinary Shares | 4,012 | 0 | D |
Explanation of responses
- F1Reflects 4,000 option award that exercised (with the exercise price of $4.0 per share) and settled into American Depositary Shares ("ADSs"). This amount represents the ordinary shares underlying the ADSs acquired in connection with such option exercise.
- F10The disposed 4,012 Option award was granted on January 18, 2022, expiring on January 18, 2028, with the exercise price of $4.5 per share and exercised on September 1, 2026.
- F2The weighted average price of the shares sold (in the form of ADS) was $ 16.6229.
- F3Reflects 3,997 option award that exercised (with the exercise price of $4.5 per share) and settled into American Depositary Shares ("ADSs"). This amount represents the ordinary shares underlying the ADSs acquired in connection with such option exercise.
- F4Reflects 9,189 option award that exercised (with the exercise price of $4.5 per share) and settled into American Depositary Shares ("ADSs"). This amount represents the ordinary shares underlying the ADSs acquired in connection with such option exercise.
- F5Reflects 4,012 option award that exercised (with the exercise price of $4.5 per share) and settled into American Depositary Shares ("ADSs"). This amount represents the ordinary shares underlying the ADSs acquired in connection with such option exercise.
- F6The weighted average price of the shares sold (in the form of ADS) was $16.1784.
- F7The disposed 4,000 Option award was granted on February 25, 2020, expiring on February 26, 2027, with the exercise price of $4.0 per share and exercised on August 31, 2026.
- F8The disposed 3,997 Option award was granted on January 25, 2021, expiring on January 26, 2027, with the exercise price of $4.5 per share and exercised on August 31, 2026.
- F9The disposed 9,189 Option award was granted on January 18, 2022, expiring on January 18, 2028, with the exercise price of $4.5 per share and exercised on August 31, 2026.