<SEC-DOCUMENT>0001193125-26-249566.txt : 20260601
<SEC-HEADER>0001193125-26-249566.hdr.sgml : 20260601
<ACCEPTANCE-DATETIME>20260601061808
ACCESSION NUMBER:		0001193125-26-249566
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20260529
FILED AS OF DATE:		20260601
DATE AS OF CHANGE:		20260601

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Jin Lei
		CENTRAL INDEX KEY:			0002084920
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39087
		FILM NUMBER:		261047009

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		BLDG NO. 7, W. ZONE ZHONGGUANCUN
		STREET 2:		SOFTWARE PK, XIBEIWANG NO. 10 E. RD.
		CITY:			HAIDIAN DISTRICT
		NON US STATE TERRITORY:  	BEIJING
		PROVINCE COUNTRY:   	F4
		ZIP:			00000

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Youdao, Inc.
		CENTRAL INDEX KEY:			0001781753
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-EDUCATIONAL SERVICES [8200]
		ORGANIZATION NAME:           	07 Trade & Services
		EIN:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		NO. 399, WANGSHANG ROAD
		CITY:			BINJIANG DISTRICT, HANGZHOU
		NON US STATE TERRITORY:  	ZHEJIANG
		PROVINCE COUNTRY:   	F4
		BUSINESS PHONE:		86 0571-8985-2163

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		NO. 399, WANGSHANG ROAD
		CITY:			BINJIANG DISTRICT, HANGZHOU
		NON US STATE TERRITORY:  	ZHEJIANG
		PROVINCE COUNTRY:   	F4
		ZIP:			310051
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>ownership.xml
<DESCRIPTION>4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0609</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2026-05-29</periodOfReport>

    <issuer>
        <issuerCik>0001781753</issuerCik>
        <issuerName>Youdao, Inc.</issuerName>
        <issuerTradingSymbol>DAO</issuerTradingSymbol>
        <issuerForeignTradingSymbol></issuerForeignTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0002084920</rptOwnerCik>
            <rptOwnerName>Jin Lei</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerNonUSAddressFlag>true</rptOwnerNonUSAddressFlag>
            <rptOwnerStreet1>BUILDING NO. 7, WEST ZONE, NO. 10 YARD</rptOwnerStreet1>
            <rptOwnerStreet2>XIBEIWANG EAST ROAD, HAIDIAN DISTRICT</rptOwnerStreet2>
            <rptOwnerCity>BEIJING</rptOwnerCity>
            <rptOwnerNonUSStateTerritory>CHINA</rptOwnerNonUSStateTerritory>
            <rptOwnerCountry>F4</rptOwnerCountry>
            <rptOwnerZipCode>100193</rptOwnerZipCode>
            <rptOwnerStateDescription>CHINA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>false</isDirector>
            <isOfficer>true</isOfficer>
            <isTenPercentOwner>false</isTenPercentOwner>
            <isOther>false</isOther>
            <officerTitle>president</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>false</aff10b5One>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Restricted Share Unit</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <transactionDate>
                <value>2026-05-29</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>false</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>82120</value>
                    <footnoteId id="F2"/>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F2"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>188079</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">In the form of American Depositary Shares.</footnote>
        <footnote id="F2">This time-based RSU award was granted on May 29, 2026, with no expiration date, subject to the terms and conditions of the underlying award agreement. 24,636 shares scheduled to be vested on September 1, 2026, 24,636 shares scheduled to be vested on September 1, 2027, 32,848 shares scheduled to be vested on September 1, 2028, all of which with no exercise price.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Liting Ren, as Attorney-in-Fact for Jin Lei</signatureName>
        <signatureDate>2026-06-01</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
