Yachao Liu - 18 Mar 2026 Form 3 Insider Report for TAL Education Group (TAL)

Role
Director and Chief Operating Officer, Exhibit 24 - Power of Attorney, Director
Signature
/s/ Jackson Ding, attorney-in-fact for Liu Yachao
Issuer symbol
TAL
Transactions as of
18 Mar 2026
Net transactions value
$0
Form type
3
Filing time
18 Mar 2026, 16:38:44 UTC
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
LIU YACHAO Director and Chief Operating Officer, Exhibit 24 - Power of Attorney, Director TAL BLDG NO.1, CTYD NO.9, QIXIN MID ST, BEIJING, CHINA /s/ Jackson Ding, attorney-in-fact for Liu Yachao 18 Mar 2026 0001972349

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TAL Class A Common Share 2,504,166 18 Mar 2026 See Footnote F7
holding TAL Class A Common Share 2,937,500 18 Mar 2026 See Footnote F8
holding TAL Class B Common Share 2,937,500 18 Mar 2026 See Footnote F9
holding TAL American Depositary Shares 222,835 18 Mar 2026 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding TAL Restricted Stock Units (RSU) 18 Mar 2026 American Depositary Shares 91,101 Direct F2, F3
holding TAL Restricted Stock Units (RSU) 18 Mar 2026 American Depositary Shares 53,571 Direct F3, F4
holding TAL Stock Option (Right to Buy) 18 Mar 2026 American Depositary Shares 354,000 $0.0100 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each three American Depositary Shares ("ADSs") represent one Class A common share, with a par value of $0.001 per share, of the Issuer.
F2 The RSUs vest as follows, subject to the Reporting Person's continued service through each vesting date: (i) 39,672 ADSs vest on April 26, 2026, (ii) 30,858 ADSs vest on April 26, 2027, and (iii) 20,571 ADSs vest on April 26, 2028.
F3 Each RSU represents a contingent right to receive one share of the Issuer's ADS upon settlement.
F4 The RSUs vest as follows, subject to the Reporting Person's continued service through each vesting date: (i) 32,142 ADSs vest on January 26, 2027 and (ii) 21,429 ADSs vest on January 26, 2028.
F5 Each Stock Option is exercisable for one ADS.
F6 This option vests as follows, subject to the Reporting Person's provision of service to the Issuer on each vesting date: (i) 27,000 ADSs vest on October 26, 2026, (ii) 45,000 ADSs vest on October 26, 2027, (iii) 66,000 ADSs vest on October 26, 2028, (iv) 108,000 ADSs vest on October 26, 2029, and (v) 108,000 ADSs vest on October 26, 2030.
F7 Shares held directly by COMPLETE HONOUR GLOBAL LIMITED (BVI), over which Dr. Liu Yachao has voting and dispositive power.
F8 Shares held directly by Perfect Wisdom International Limited (BVI), over which Dr. Liu Yachao has voting and dispositive power.
F9 Shares held directly by Perfect Wisdom International Limited (BVI), over which Dr. Liu Yachao has voting and dispositive power.

Remarks:

Director and Chief Operating Officer, Exhibit 24 - Power of Attorney