Teo Nee Chuan 4
4 · 111, Inc. · Filed May 13, 2026
Research Summary
AI-generated summary of this filing
111, Inc. (YI) Director Teo Nee Chuan Receives RSU Awards
What Happened
Teo Nee Chuan, a director of 111, Inc. (YI), was granted a total of 811,889 Restricted Stock Units (RSUs) reported on a Form 4 filed May 13, 2026 (period of report May 11, 2026). The transactions recorded are grants (transaction code A) of 19,984 RSUs (originally granted 2018), 378,737 RSUs (grant date May 11, 2026) and 413,168 RSUs (grant date May 12, 2026). All grants are reported at $0.00 per RSU (typical for RSU awards).
Key Details
- Transaction dates and counts: 2018-09-12: 19,984 RSUs; 2026-05-11: 378,737 RSUs; 2026-05-12: 413,168 RSUs. Total = 811,889 RSUs.
- Price/value: RSUs reported at $0.00 per unit (these are awards, not open-market purchases).
- Vesting: 2018 RSUs are noted as fully vested as of the Form 4 date; the 378,737 RSUs (May 11 grant) vest in full on the grant date; the 413,168 RSUs (May 12 grant) vest 25% on each anniversary over four years beginning 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; transactions on May 11–12 appear to have been reported within the typical reporting window.
- No 10b5-1 plan, tax-withholding sale, or sale proceeds are indicated in the provided footnotes.
Context
RSU grants are awards that convert to shares upon vesting; they are not purchases or sales. The May 11 grant vested immediately, providing an immediate right to shares, while the May 12 grant is multi-year and will vest over time (so only a portion becomes actual shares each year unless accelerated by the award terms). These filings are informational about insider compensation and do not by themselves indicate the director is buying or selling stock in the open market.
Insider Transaction Report
- Award
RSUs (Class A)
[F1]2018-09-12−19,984→ 19,984 total - Award
RSUs (Class A)
[F2]2026-05-11−378,737→ 398,721 total - Award
RSUs (Class A)
[F3]2026-05-12−413,168→ 811,889 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.