Huang Amends 51Talk Stake Filing
Ticker: COE · Form: SC 13D/A · Filed: Dec 17, 2024 · CIK: 1659494
Sentiment: neutral
Topics: ownership-change, sec-filing, amendment
TL;DR
Jack Jiajia Huang updated his 51Talk ownership filing on 12/17/24. Watch for details.
AI Summary
Jack Jiajia Huang filed an amendment (SC 13D/A) on December 17, 2024, regarding his holdings in 51Talk Online Education Group. The filing indicates a change in the beneficial ownership of Class A ordinary shares. The specific details of the change, such as the number of shares or percentage of ownership, are not explicitly stated in this excerpt but are the subject of the amendment.
Why It Matters
Amendments to Schedule 13D filings signal significant changes in ownership for public companies, potentially impacting stock price and corporate strategy.
Risk Assessment
Risk Level: medium — Changes in beneficial ownership filings can indicate shifts in control or significant investment activity, warranting investor attention.
Key Players & Entities
- Jack Jiajia Huang (person) — Filing party and beneficial owner
- 51Talk Online Education Group (company) — Subject company
- Class A ordinary shares (security) — Securities subject to the filing
- Haiping Li, Esq. (person) — Authorized to receive notices
- Skadden, Arps, Slate, Meagher & Flom LLP (company) — Legal counsel
FAQ
What specific change in beneficial ownership is being reported in this SC 13D/A filing?
The filing is an amendment (Amendment No. 7) to Schedule 13D, indicating a change in beneficial ownership, but the specific details of the change are not provided in this excerpt.
Who is the subject company of this filing?
The subject company is 51Talk Online Education Group.
Who is the primary individual filing this amendment?
The primary individual filing this amendment is Jack Jiajia Huang.
What is the date of this filing?
The filing was made on December 17, 2024.
What type of securities are being discussed in this filing?
The filing pertains to Class A ordinary shares, par value $0.0001 per share, of 51Talk Online Education Group.
Filing Stats: 2,652 words · 11 min read · ~9 pages · Grade level 10.1 · Accepted 2024-12-17 16:07:04
Key Financial Figures
- $0.0001 — er) Class A ordinary shares, par value $0.0001 per share (Title of Class of Securiti
- $1.6 m — in the open market for approximately US$1.6 million, using its capital from previous
- $0.9 m — in the open market for approximately US$0.9 million, using its capital from previous
- $0.7 million — in the open market for approximately US$0.7 million using its own capital. F rom August 31,
- $0.2 m — in the open market for approximately US$0.2 million, using its own capital. Dasheng
- $0.8 million — in the open market for approximately US$0.8 million from October 20, 2023 through February
- $0.5 m — in the open market for approximately US$0.5 million, using his own capital. From Augu
- $1.0 m — in the open market for approximately US$1.0 million, using his own capital. CUSIP No
- $1.1 million — in the open market for approximately US$1.1 million from October 24, 2024 through December
Filing Documents
- tm2431167d3_sc13da.htm (SC 13D/A) — 69KB
- tm2431167d3_ex99-c.htm (EX-99.C) — 62KB
- 0001104659-24-129363.txt ( ) — 133KB
Source and Amount of Funds or Other Consideration
Item 3. Source and Amount of Funds or Other Consideration
of the Statement
Item 3 of the Statement is hereby amended and restated by the following: Dasheng Global Limited entered into Rule 10b5-1 trading plans, dated as of March 31, 2022 and June 30, 2022, respectively, with Tiger Brokers (Singapore) Pte Ltd (the “ Trading Plans ”). Under the Trading Plans, Dasheng Global Limited proposes to purchase a total of 1,100,000 ADSs of the Issuer. Pursuant to the Trading Plans, through the date hereof, Dasheng Global Limited has purchased 1,025,415 ADSs in the open market for approximately US$1.6 million, using its capital from previous disposition of its holding of the Issuer’s ADSs. On December 15, 2022, the Issuer effected a change of the ratio of its ADSs to Class A ordinary shares from one ADS representing fifteen Class A ordinary shares to one ADS representing sixty Class A ordinary shares. In addition, from March 28, 2022 through September 19, 2022, Dasheng Global Limited purchased a total of 562,106 ADSs of the Issuer in the open market for approximately US$0.9 million, using its capital from previous disposition of its holding of the Issuer’s ADSs. From September 20, 2022 through June 30, 2023, Dasheng Global Limited purchased a total of 102,984 ADSs of the Issuer in the open market for approximately US$0.7 million using its own capital. F rom August 31, 2023 through September 23, 2023, Dasheng Global Limited purchased a total of 26,315 ADSs of the Issuer in the open market for approximately US$0.2 million, using its own capital. Dasheng Global Limited entered into a Rule 10b5-1 trading plan, dated as of June 30, 2023, with Tiger Brokers (Singapore) Pte Ltd (the “ 2023 Trading Plan ”). Under the 2023 Trading Plan, Dasheng Global Limited proposes to purchase a total of 250,000 ADSs of the Issuer. Pursuant to the 2023 Trading Plan, Dasheng Global Limited has purchased 103,223 ADSs in the open market for approximately US$0.8 million from October 20, 2023 through February 20, 2024, using its own capita
Contracts, Arrangements, Understandings
Item 6. Contracts, Arrangements, Understandings or Relationships with respect to Securities of the Issuer.
of the Statement
Item 6 of the Statement is hereby amended and supplemented by the following: The 2023 Trading Plan is attached as Exhibit C hereto and is incorporated herein by reference.
Material to be Filed as Exhibits
Item 7. Material to be Filed as Exhibits. Item7 of the Statement is hereby amended and supplemented by the following: Exhibit No. Description C Form of Rule 10b5-1 Trading Plans SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: December 17, 2024 Jack Jiajia Huang /s/ Jack Jiajia Huang Schedule I 60-Day Trading History Trade Date Amount of ADSs (Each Representing 60 Class A Ordinary Shares) Purchased Weighted Average Price Per ADS (US$) October 24, 2024 7,207 14.70 October 25, 2024 3,500 16.08 October 28, 2024 181 16.16 October 29, 2024 73 16.04 October 30, 2024 10 16.14 October 31, 2024 47 16.07 November 1, 2024 207 16.12 November 4, 2024 205 16.14 November 13, 2024 2,343 14.57 November 14, 2024 1,177 14.89 November 15, 2024 1,286 14.65 November 18, 2024 834 14.72 November 19, 2024 2,930 14.88 November 20, 2024 891 15.28 November 21, 2024 770 15.32 November 22, 2024 2,909 14.89 November 25, 2024 275 15.17 November 26, 2024 2,120 14.60 November 27, 2024 482 14.48 November 29, 2024 9,104 13.64 December 2, 2024 2,963 13.78 December 3, 2024 1,639 13.70 December 4, 2024 2,612 13.51 December 5, 2024 6,328 13.69 December 6, 2024 401 13.88 December 9, 2024 1,575 14.01 December 10, 2024 1,163 13.70 December 11, 2024 11,952 14.80 December 12, 2024 12,359 16.17 The above transactions were effected by HH Talent Limited in the open market.