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

Reporting relationship: Director
Issuer ticker: DAO
Reported as of: 17 Mar 2026
Net transaction value: $0
SEC form: 3
Accepted by SEC: 17 Mar 2026, 06:34:11 UTC
Source filing: View source filing
Reporting owner signature: /s/ Doris Fang, Attorney-in-Fact for William Lei Ding

Key filing fact

William Lei Ding filed Form 3 for Youdao, Inc. (DAO) on 17 Mar 2026.

Key facts

This page summarizes William Lei Ding's Form 3 filing for Youdao, Inc. (DAO).
0 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 17 Mar 2026, 06:34.

Change

No earlier filing in this sequence is available for direct comparison.
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

Official SEC source

Ownership activity is grounded in SEC Form 3 disclosures.

View source filing

Reporting Owners (1)

CIK 0001280208 Primary reporting owner

DING WILLIAM LEI

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

Reported non-derivative transactions

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

DAO holding

Class A Ordinary Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,493,723
Date: 17 Mar 2026
Ownership: See Footnote
Footnotes: F1, F2

DAO holding

Class B Ordinary Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 29,751,158
Date: 17 Mar 2026
Ownership: See Footnote
Footnotes: F3

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote 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).

Footnote 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.

Footnote 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.

SEC remarks

Exhibit 24 - Power of Attorney