LIU YACHAO enters TAL EDUCATION GROUP with 8.60M shares plus derivative instruments
Holding both equity and derivatives at entry signals strong long-term conviction in the company.
Direct Indirect Derivatives
Filed: 3/18/2026ACC: 0001104659-26-031150
DirectorOfficer· See Remarks
Since Mar 2026
8.60M
Baseline shares
3% direct
222.84K
Direct ownership
1 position
498.67K
Derivative underlying
3 instruments
4
Security positions
8.38M indirect
Non-Derivative Holdings4
Class A Common Share
IndirectShares owned2.94M
Class B Common Share
IndirectShares owned2.94M
Class A Common Share
IndirectShares owned2.50M
American Depositary Shares
DirectShares owned222.84K
Total
222.84K direct·8.38M indirect8.60M
| Security Title | Shares Owned | Ownership Type |
|---|---|---|
| Class A Common Share | 2.94M | Indirect |
| Class B Common Share | 2.94M | Indirect |
| Class A Common Share | 2.50M | Indirect |
| American Depositary Shares | 222.84K | Direct |
| Total | 8.60M | 222.84K direct·8.38M indirect |
Derivative Holdings3
Stock Option (Right to Buy)
DirectUnderlying security
American Depositary Shares
Underlying shares
354K
Shares owned
N/A
Exercise price
0.01
Expiration
—
Exercise window
—
Restricted Stock Units (RSU)
DirectUnderlying security
American Depositary Shares
Underlying shares
53.57K
Shares owned
N/A
Exercise price
Expiration
—
Exercise window
—
Restricted Stock Units (RSU)
DirectUnderlying security
American Depositary Shares
Underlying shares
91.10K
Shares owned
N/A
Exercise price
Expiration
—
Exercise window
—
Total
Underlying
498.67K
Owned
0.00
| Security | Underlying | Exercise Price | Exercise Window | Expiration | Underlying Shares | Shares Owned |
|---|---|---|---|---|---|---|
| Stock Option (Right to Buy) Direct | American Depositary Shares | 0.01 | — | — | 354K | N/A |
| Restricted Stock Units (RSU) Direct | American Depositary Shares | — | — | 53.57K | N/A | |
| Restricted Stock Units (RSU) Direct | American Depositary Shares | — | — | 91.10K | N/A | |
| Total | 498.67K | 0.00 | ||||