William Lei Ding - 17 Mar 2026 Form 3 Insider Report for Youdao, Inc. (DAO)

Role
Director
Signature
/s/ Doris Fang, Attorney-in-Fact for William Lei Ding
Issuer symbol
DAO
Transactions as of
17 Mar 2026
Net transactions value
$0
Form type
3
Filing time
17 Mar 2026, 06:34:11 UTC
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
DING WILLIAM LEI Director C/O YOUDAO, INC., NO. 399 WANGSHANG ROAD BINJIANG DISTRICT, HANGZHOU, CHINA /s/ Doris Fang, Attorney-in-Fact for William Lei Ding 17 Mar 2026 0001280208

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding DAO Class A Ordinary Shares 2,493,723 17 Mar 2026 See Footnote F1, F2
holding DAO Class B Ordinary Shares 29,751,158 17 Mar 2026 See Footnote F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of (i) 1,175,000 American Depositary Shares ("ADSs"), representing 1,175,000 Class A ordinary shares held of record by Dragon Creation Technology Limited, a company incorporated under the laws of the British Virgin Islands, and (ii) 1,318,723 ADSs, representing 1,318,723 Class A ordinary shares held of record by NetEase, Inc. (of which Mr. Ding is the chief executive officer, a director and the largest shareholder).
F2 Dragon Creation Technology Limited is wholly owned by Sino Intelligence Holding Limited, which is in turn wholly owned by Sino Intelligence Trust, or the Trust, for which TMF (Cayman) Ltd. acts as the trustee. Mr. Ding is the sole director of Dragon Creation Technology Limited and the settlor of the Trust, retaining the investment and dispositive powers with respect to the assets of the Trust. The beneficiaries of the Trust are William Lei Ding and his family. In addition, Mr. Ding, through Shining Globe International Limited, beneficially owns approximately 45.5% equity interest in NetEase as of February 28, 2026. Shining Globe International Limited is wholly owned by Shining Globe Holding Limited, which is in turn wholly owned by Shining Globe Trust. Mr. Ding, being the sole director of Shining Globe International Limited and the settlor of the Shining Globe Trust, retains the investment and dispositive powers with respect to the assets of the Shining Globe Trust.
F3 Consists of 29,751,158 Class B ordinary shares held of record by NetEase, Inc. For details of the relationship between NetEase, Inc. and Mr. Ding, please see footnote (1) and (2) above.

Remarks:

Exhibit 24 - Power of Attorney