Director Jimmy Y. Lai filed a Form 4 with the SEC on October 26, 2026, reporting the vesting of restricted share units and a prior RSU grant at 51Talk Online Education Group, traded on NYSE:COE.

Key Highlights

  • RSU grant: Jimmy Y. Lai was granted 94,020 RSUs on July 1, 2026, under 51Talk's share incentive plans, each representing the right to receive one Class A ordinary share upon vesting.
  • First vesting installment: 23,505 RSUs vested on October 1, 2026, via transaction code M, at a price of $0, and were acquired as Class A ordinary shares.
  • Beneficial ownership after transaction: Lai directly holds 3,005,741 Class A ordinary shares following the October 1, 2026 vesting.
  • Remaining RSUs: 70,515 RSUs remain subject to future vesting under the July 1, 2026 grant, in three equal quarterly installments of 23,505 each.
  • Vesting schedule: Remaining installments are due on January 1, 2027, April 1, 2027, and July 1, 2027, according to the filing.
  • ADS structure: According to the filing, each American depositary share represents sixty Class A ordinary shares.

Director Lai's RSU Grant and First Quarterly Vesting at 51Talk

According to the Form 4 filed on October 26, 2026, Jimmy Y. Lai, identified as a director of 51Talk Online Education Group (NYSE:COE), received a grant of 94,020 restricted share units on July 1, 2026. The filing states that each RSU represents "the contingent right to receive one (1) Class A ordinary share of the issuer upon vesting" and was granted pursuant to the issuer's share incentive plans. The grant carries an expiration date of July 1, 2036.

The filing reports that the first of four equal quarterly installments, consisting of 23,505 RSUs, vested on October 1, 2026, at a price of $0, increasing Lai's direct beneficial ownership of Class A ordinary shares to 3,005,741. The transaction was recorded under code M, indicating the conversion of a derivative security. The Class A ordinary shares reported are held in the form of American depositary shares, with each ADS representing sixty Class A ordinary shares, as the filing discloses.

Following the October 1, 2026 vesting event, the filing notes that 70,515 RSUs remain outstanding under the July 1, 2026 grant, with the three remaining quarterly installments of 23,505 RSUs each scheduled to vest on January 1, 2027, April 1, 2027, and July 1, 2027. All reported ownership is listed as direct. The filing was signed by Jimmy Lai on October 26, 2026.

What Was Disclosed

The filing disclosed an RSU grant of 94,020 units to director Jimmy Y. Lai on July 1, 2026, and the vesting of 23,505 of those RSUs on October 1, 2026, bringing his direct beneficial ownership of Class A ordinary shares to 3,005,741, with 70,515 RSUs remaining.