• Youdao Vice President Li Yongwei sold 6,300 Class A ordinary shares on June 29-30, 2026 at weighted average prices of $11.6 and $12.2.
• The sales followed option exercises for 6,300 shares at an exercise price of $4.5 per share.
• Li ended June 30 with 3,420 Class A ordinary shares beneficially owned.
• Li reported 20,000 options beneficially owned following the transactions.

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