Chen Yang Luke 4

What Happened

• Chen Yang Luke, a director of 111, Inc. (ticker: YI), was awarded a total of 594,222 restricted stock units (RSUs) reported in a Form 4 covering May 11–12, 2026. The filing lists three awards: 126,295 RSUs from 2023 (noted as fully vested), a 54,759‑RSU grant dated May 11, 2026 that vests in full on the grant date, and a 413,168‑RSU grant dated May 12, 2026 with multi‑year vesting. All awards show an acquisition at $0 (typical for RSU compensation); the filing reports no cash purchase or sale.

Key Details

• Transaction dates and types: 2023 grant (126,295 RSUs; fully vested per filing), May 11, 2026 grant (54,759 RSUs; immediate vest), May 12, 2026 grant (413,168 RSUs; time‑based vesting).
• Price/value: RSUs recorded with acquisition price $0 (these are compensation awards; dollar value at grant not shown on the Form 4).
• Vesting: 54,759 RSUs vest in full on grant date; 413,168 RSUs vest 25% on each anniversary of May 12, 2026 (with pro‑rata vesting if service terminates during a vesting year).
• Shares owned after transaction: not specified in the provided filing details.
• Filing timeliness: Form 4 filed May 13, 2026 for transactions on May 11–12, 2026 — appears to be filed within the usual two‑business‑day window.
• Footnotes: F1 notes prior RSUs have fully vested; F2 describes the immediate‑vest award; F3 describes the four‑year vesting schedule and pro‑rata vesting on termination.

Context

• These entries are awards of RSUs (compensation), not open‑market purchases or sales. RSUs confer a right to receive shares later (or immediately if vested); they do not necessarily indicate voting or selling intent. The largest grant (413,168 RSUs) is time‑based and vests over four years, linking compensation to continued service.