Liu Yachao discloses TAL Education (NYSE: TAL) ADS, RSU and option stakes
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
TAL Education Group filed an initial ownership report for director and officer Dr. Liu Yachao, detailing equity interests in the company. The filing lists direct holdings of 222,835 American Depositary Shares (ADSs), as well as restricted stock units and stock options over additional ADSs.
Dr. Liu holds RSUs covering 91,101 ADSs that vest between April 26, 2026 and April 26, 2028, and RSUs over 53,571 ADSs vesting on January 26, 2027 and January 26, 2028. Each RSU represents a right to receive one ADS upon settlement.
The filing also shows a stock option for 354,000 ADSs at an exercise price of $0.0100 per ADS, expiring on August 5, 2034, with vesting tranches from October 26, 2026 through October 26, 2030. Indirect holdings include Class A and Class B common shares held through BVI entities over which Dr. Liu has voting and dispositive power.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
LIU YACHAO
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units (RSU) | -- | -- | -- |
| holding | Restricted Stock Units (RSU) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Class A Common Share | -- | -- | -- |
| holding | Class A Common Share | -- | -- | -- |
| holding | Class B Common Share | -- | -- | -- |
| holding | American Depositary Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units (RSU) — 91,101 shares (Direct);
Stock Option (Right to Buy) — 354,000 shares (Direct);
Class A Common Share — 2,504,166 shares (Indirect, See Footnote);
Class B Common Share — 2,937,500 shares (Indirect, See Footnote);
American Depositary Shares — 222,835 shares (Direct)
Footnotes (1)
- Each three American Depositary Shares ("ADSs") represent one Class A common share, with a par value of $0.001 per share, of the Issuer. 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. Each RSU represents a contingent right to receive one share of the Issuer's ADS upon settlement. 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. Each Stock Option is exercisable for one ADS. 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. Shares held directly by COMPLETE HONOUR GLOBAL LIMITED (BVI), over which Dr. Liu Yachao has voting and dispositive power. Shares held directly by Perfect Wisdom International Limited (BVI), over which Dr. Liu Yachao has voting and dispositive power. Shares held directly by Perfect Wisdom International Limited (BVI), over which Dr. Liu Yachao has voting and dispositive power.
FAQ
What does TAL Education Group (TAL) Form 3 for Liu Yachao report?
The Form 3 reports Dr. Liu Yachao’s initial beneficial ownership in TAL Education Group. It lists direct ADS holdings, restricted stock units, stock options, and indirect Class A and Class B share positions held through BVI entities where Dr. Liu has voting and dispositive power.
How many TAL Education (TAL) ADSs does Liu Yachao hold directly?
Dr. Liu directly holds 222,835 American Depositary Shares of TAL Education Group. In addition, he holds RSUs and stock options that, upon vesting or exercise, relate to further ADSs, expanding his total potential economic interest beyond the current direct ADS position.
What restricted stock units for TAL (TAL) does Liu Yachao report?
Dr. Liu reports RSUs over 91,101 ADSs vesting from April 26, 2026 to April 26, 2028, and RSUs over 53,571 ADSs vesting on January 26, 2027 and January 26, 2028. Each RSU represents a contingent right to receive one TAL ADS upon settlement.
What stock option position in TAL (TAL) does Liu Yachao hold?
He holds a stock option covering 354,000 TAL ADSs at an exercise price of $0.0100 per ADS. The option vests in tranches between October 26, 2026 and October 26, 2030 and expires on August 5, 2034, reflecting a long-dated equity incentive.