New Oriental Director Yu Michael Minhong's RSU Vesting and Stock Sale

This Form 4 filing reports that Yu Michael Minhong, a director of New Oriental Education & Technology Group Inc., received 150,000 ADSs (representing 1.5 million underlying shares) on July 15, 2026, through the vesting and settlement of restricted share units. The ADSs were acquired at $0 per share as part of the RSU settlement. The following day, on July 16, 2026, Minhong sold 68,310 ADSs at $49.91 per share, generating approximately $3.41 million in proceeds. The sale was conducted pursuant to a sell-to-cover arrangement to satisfy income tax liabilities incurred upon the RSU vesting. Following these transactions, Minhong's direct holdings decreased from 274,901 ADSs to 206,591 ADSs, while his remaining unvested RSUs total 3 million units. The filing provides transparency into director compensation and stock ownership changes.