Chenggang Zhou, a director at New Oriental Education & Technology Group Inc. ($EDU), sold 56,948 shares of the company's stock on August 10, 2026, according to a Form 4 filing submitted to the Securities and Exchange Commission. The shares were sold on the open market at an average price of $56.83 per share, yielding total proceeds of $3,236,354.84. After the transaction, Zhou's direct holdings in the company stood at 429,998 shares.
The filing was submitted on August 11, 2026, one day after the trade date.
The August 10 sale followed a smaller transaction by the same insider three days earlier. On August 7, 2026, Zhou sold 13,052 shares of $EDU at an average price of $56.32 per share, producing $735,088.64 in proceeds. That sale left him with 486,946 shares. The Form 4 covering the August 7 trade was also filed on August 11, meaning the earlier transaction was disclosed four days after it was executed.
Across both sales, Zhou disposed of a combined 70,000 shares for total proceeds of roughly $3.97 million. His reported ownership stake decreased from approximately 500,000 shares before the August 7 trade to 429,998 shares as of August 10. The decline between the two reported post-sale totals — from 486,946 to 429,998 — equals the 56,948 shares sold in the second transaction, indicating that the two sales account for the full change in his position over that three-day window.
The two transactions are the only trades on record for Zhou in SEC filings. A review of Form 4 filings for $EDU dating back to the beginning of July 2026 shows that no other company insiders reported open-market transactions during that period. Zhou's insider role is listed as director, and he is not designated as an entity filer.
$EDU shares traded between $55.26 and $60.49 during the first ten days of August 2026. On August 10, the date of the larger of the two sales, the stock opened at $56.34, climbed to an intraday high of $58.19, and closed at $58.05. On August 7, the stock closed at $56.43. The average sale prices achieved by Zhou — $56.32 on August 7 and $56.83 on August 10 — fell within the prevailing trading ranges on those days.
New Oriental Education & Technology Group, classified in the diversified consumer services sector, provides private educational services in China. Its American depositary shares are listed on the New York Stock Exchange.
Congressional trading in $EDU has been dormant in recent years. The most recent STOCK Act disclosures involving the ticker date to 2019 and 2020, when former Representative Gilbert Cisneros, a California Democrat, reported several transactions in the stock, each in the range of roughly $1,000 at the midpoint of the disclosed brackets. No sitting members of Congress have filed STOCK Act disclosures for $EDU since Cisneros's final trade in December 2020.
Zhou's Form 4 did not include any explanatory remarks regarding either transaction.