6-K ·Filed Aug 28, 2026

NTES

NetEase, Inc.
NEUTRAL
Impact 2/10
Horizonmonths Processed1mo ago SEC0001104659-26-102820
Notable filing: 6-K
Actionable Insight • Neutral

This is a standard employee equity grant with no immediate trading implications. Monitor future 6-K filings for any changes to the share incentive plan or material grants to senior executives that could signal retention or performance concerns.

DirectionNeutral
Confidencehigh
Horizonmonths
Latest settled — T+20d
NTES ▼ -1.40% at T+20d
NEUTRAL call ✗ call lost -1.40% · α vs SPY -1.66% · entry $122.76 → $121.04
Next anchor: T+60d in 7w
Latest observation: T+21 +2.97% FF3 residual α
Entry anchored
Aug 28, 2026
via day open
T+1d
-0.80%
call -0.80% · α -0.50%
$121.78
settled 5w ago
T+5d
-2.83%
call -2.83% · α -2.94%
$119.29
settled 28d ago
T+20d
-1.40%
call -1.40% · α -1.66%
$121.04
settled 4d ago
T+60d
—
call — · α —
—
in 7w

Price Chart

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Executive Summary

NetEase granted 224,739 restricted share unit awards (each representing one ADS, equivalent to 1,123,695 underlying Shares) to employee participants under its 2019 Share Incentive Plan. The awards vest in three annual installments starting September 2027, with a nil purchase price and performance-based vesting conditions. This is a routine equity compensation grant with no material financial impact or change to the company's outlook.

Key Facts

  • Grant of 224,739 RSU awards (ADSs) on August 28, 2026
  • Each ADS represents five ordinary Shares; total underlying Shares = 1,123,695
  • Closing price of each Share on grant date: HK$192.20
  • Purchase price per ADS upon vesting is nil
  • Awards vest in three installments on September 1, 2027, 2028, and 2029
  • Vesting depends on Grantee meeting performance evaluation thresholds
  • None of the Grantees are Directors, chief executives, or substantial shareholders
  • After this grant, 171,568,093 underlying new Shares remain available for future grants under the Scheme Limit
  • No financial assistance provided to Grantees to facilitate purchase of ADSs

Financial Impact

Routine equity compensation grant — no immediate cash impact; potential dilution of up to 1,123,695 Shares (approximately 0.03% of total outstanding) upon full vesting over three years.

dilution

Risk Factors

  • Minimal dilution risk from future vesting of RSUs
  • No material risk identified from this routine grant

Market Snapshot

Exchange
OTC
Sector
Services-Prepackaged Software
Analyst Consensus
88% bullish (34 analysts)

Investment Themes

Gaming & Esports

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

DocumentAccession Number
6-K Filing (Primary)0001104659-26-102820
Document: 0001104659-26-102820-index-headers.html0001104659-26-102820
Document: 0001104659-26-102820-index.html0001104659-26-102820
Document: 0001104659-26-102820.txt0001104659-26-102820
9 reports for NTES
Performance horizon
Filters
Rows
Reports for NTES — sortable, filterable
TypeNow
Sep 4, 2026
28d ago
6-K
NEUTRAL ★ 2/10
$119.29 $117.99▼ −1.09%▲ +0.12%$117.81 (−1.24%)
Aug 28, 2026
5w ago
6-K
NEUTRAL ★ 2/10
$122.76 $119.29▼ −2.83%▼ −2.94%$117.81 (−4.03%)
Aug 20, 2026
6w ago
6-K
MIXED ★ 5/10
$119.81 $122.69▲ +2.40%▲ +1.29%$117.81 (−1.67%)
Aug 11, 2026
7w ago
6-K
NEUTRAL ★ 2/10
$127.89 $124.75▼ −2.46%▼ −2.05%$117.81 (−7.88%)
Aug 6, 2026
8w ago
6-K
NEUTRAL ★ 2/10
$130.36 $122.65▼ −5.91%▼ −7.13%$117.81 (−9.63%)
Jul 15, 2026
11w ago
6-K
NEUTRAL ★ 2/10
$129.76 $121.21▼ −6.59%▼ −5.61%$117.81 (−9.21%)
Jul 7, 2026
12w ago
6-K
NEUTRAL ★ 2/10
$130.82 $128.39▼ −1.86%▼ −2.41%$117.81 (−9.94%)
Jun 25, 2026
14w ago
6-K
NEUTRAL ★ 3/10
$123.71 $127.24▲ +2.85%▲ +0.69%$117.81 (−4.77%)
Jun 23, 2026
14w ago
6-K
NEUTRAL ★ 2/10
$119.25 $129.16▲ +8.31%▲ +7.30%$117.81 (−1.21%)
Showing 9 of 9

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