Luo Jun Justin 4
4 · 111, Inc. · Filed May 13, 2026
Research Summary
AI-generated summary of this filing
111, Inc. (YI) Director Luo Jun Justin Receives RSU Awards
What Happened Luo Jun Justin, a director of 111, Inc. (YI), reported awards of restricted stock units (RSUs) in a Form 4 filed May 13, 2026 covering transactions on May 11–12, 2026 (and one 2018 grant shown as vested). The filing lists three awards: 18,366 RSUs (grant date 2018-09-12, fully vested), 378,737 RSUs (grant date 2026-05-11, vesting in full on grant date), and 413,168 RSUs (grant date 2026-05-12, four‑year vesting schedule). All awards are reported at $0.00 per share because they are compensation grants, not purchases or sales.
Key Details
- Transaction dates and amounts: 2018-09-12 — 18,366 RSUs; 2026-05-11 — 378,737 RSUs (vests in full on grant date); 2026-05-12 — 413,168 RSUs (25% vests each year starting May 12, 2027, subject to pro rata vesting on termination as described).
- Reported price/value: $0.00 per share (compensation awards, not cash transactions).
- Total RSUs reported in this filing: 810,271 RSUs.
- Shares owned after the reported transactions: not specified in the Form 4 (filing does not state total shares beneficially owned following these awards).
- Footnotes: F1 notes each RSU converts to one Class A ordinary share and that the 2018 RSUs have fully vested; F2 and F3 describe the grant dates and vesting schedules (immediate vest for the May 11 grant; standard four‑year vesting with pro rata treatment for the May 12 grant).
- Filing timeliness: Period of report is May 11, 2026; Form filed May 13, 2026 — appears timely.
Context These entries are compensation grants (RSUs), not open‑market purchases or sales. Immediate‑vesting RSUs (May 11 grant) increase immediate potential share dilution; the May 12 grant vests over four years and is intended to retain service. Such awards are common executive/director compensation and do not, by themselves, indicate buying or selling sentiment.
Insider Transaction Report
- Award
RSUs (Class A)
[F1]2018-09-12−18,366→ 18,366 total - Award
RSUs (Class A)
[F2]2026-05-11−378,737→ 397,103 total - Award
RSUs (Class A)
[F3]2026-05-12−413,168→ 810,271 total
Footnotes (3)
- [F1]Each RSU represents a contingent right to receive one Class A ordinary share. As of the date of this Form 4, all such RSUs have fully vested.
- [F2]Represent a grant of 378,737 RSUs, each RSU representing the right to receive one Class A ordinary share of the Issuer, with a grant date of May 11, 2026, which shall vest in full on the grant date.
- [F3]Represent a grant of 413,168 RSUs, each RSU representing the right to receive one Class A ordinary share of the Issuer, with a grant date of May 12, 2026 and a vesting commencement date of May 12, 2026. Each such grant shall vest as to 25% of the RSUs on each of the first, second, third and fourth anniversaries of May 12, 2026; provided, however, that if the Reporting Person's service with the Issuer or any Service Recipient (as defined in the applicable Award Agreement) terminates in any vesting year other than for Cause (as defined in the applicable Award Agreement), the portion otherwise scheduled to vest for such vesting year shall vest pro rata based on the number of full months actually served by the grantee during such vesting year, with one-twelfth (1/12) of the amount scheduled to vest for such vesting year vesting for each completed month of service in such year.