Li Yongwei - 29 Jun 2026 Form 4 Insider Report for Youdao, Inc. (DAO)

Reporting relationship: Vice President
Issuer ticker: DAO
Reported as of: 29 Jun 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 01 Jul 2026, 06:34:57 UTC
Prior SEC filing: 01 Jun 2026
Source filing: View source filing
Reporting owner signature: /s/ Liting Ren, as Attorney-in-Fact for Li Yongwei

Key filing fact

Li Yongwei filed Form 4 for Youdao, Inc. (DAO) on 01 Jul 2026.

Key facts

This page summarizes Li Yongwei's Form 4 filing for Youdao, Inc. (DAO).
6 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 01 Jul 2026, 06:34.

Change

Previous filing in this sequence was filed on 01 Jun 2026.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0002021424 Primary reporting owner

Li Yongwei

Relationship: Vice President
Address: BUILDING NO.7, WEST ZONE, NO. 10 YARD, XIBEIWANG EAST ROAD, HAIDIAN DISTRICT, BEIJING, CHINA
Signature: /s/ Liting Ren, as Attorney-in-Fact for Li Yongwei
Signature date: 01 Jul 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

DAO transaction

Class A Ordinary Shares

Options Exercise

Transaction value
Shares: +4,000
Change %: +117%
Price
Shares after: 7,420
Date: 29 Jun 2026
Ownership: Direct
Footnotes: F1

DAO transaction

Class A Ordinary Shares

Sale

Transaction value
Shares: -4,000
Change %: -54%
Price
Shares after: 3,420
Date: 29 Jun 2026
Ownership: Direct
Footnotes: F2

DAO transaction

Class A Ordinary Shares

Options Exercise

Transaction value
Shares: +2,300
Change %: +67%
Price
Shares after: 5,720
Date: 30 Jun 2026
Ownership: Direct
Footnotes: F3

DAO transaction

Class A Ordinary Shares

Sale

Transaction value
Shares: -2,300
Change %: -40%
Price
Shares after: 3,420
Date: 30 Jun 2026
Ownership: Direct
Footnotes: F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

DAO transaction Derivative

Option

Options Exercise

Transaction value
Shares: -4,000
Change %: -15%
Price: $0.000000^*
Shares after: 22,300
Date: 29 Jun 2026
Ownership: Direct
Underlying class: Class A Ordinary Shares
Underlying amount: 4,000
Exercise price
Footnotes: F5

DAO transaction Derivative

Option

Options Exercise

Transaction value
Shares: -2,300
Change %: -10%
Price: $0.000000^*
Shares after: 20,000
Date: 30 Jun 2026
Ownership: Direct
Underlying class: Class A Ordinary Shares
Underlying amount: 2,300
Exercise price
Footnotes: F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

Reflects 4,000 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.

Footnote F2

The weighted average price of the shares sold was $11.60.

Footnote F3

Reflects 2,300 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.

Footnote F4

The weighted average price of the shares sold was $12.20.

Footnote F5

The disposed 4000 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 June 29, 2026.

Footnote F6

The disposed 2300 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 June 30, 2026.