Chen Yang Luke 4
4 · 111, Inc. · Filed May 29, 2026
Research Summary
AI-generated summary of this filing
111, Inc. Director Chen Yang Luke Receives RSU Awards; Sells Shares for Taxes
What Happened
Chen Yang Luke, a director of 111, Inc. (YI), received RSU awards and completed small open-market sales to satisfy tax withholding. The Form 4 reports three awards (126,295; 54,759; and 413,168 RSUs) granted on 2023-09-08, 2026-05-11 and 2026-05-12 (total 594,222 RSUs, granted at $0.00). He also sold 1,440 shares on 2026-05-26 at $0.27 ($389) and 3,400 shares on 2026-05-27 at $0.25 ($850) — total proceeds ≈ $1,239 — to satisfy tax withholding obligations.
Key Details
- Transaction dates/prices:
- 2023-09-08: Award of 126,295 RSUs (acquired at $0.00) (F1)
- 2026-05-11: Award of 54,759 RSUs (vested in full on grant date; $0.00) (F2)
- 2026-05-12: Award of 413,168 RSUs (grant date; vesting schedule applies) (F3)
- 2026-05-26: Sale of 1,440 shares @ $0.27 = $389 (to cover tax withholding) (F4)
- 2026-05-27: Sale of 3,400 shares @ $0.25 = $850 (to cover tax withholding) (F5)
- Total RSUs granted (sum): 594,222 shares.
- Total shares sold for taxes: 4,840 shares; total proceeds ≈ $1,239.
- Shares owned after the transactions: not specified in the provided excerpt of the Form 4.
- Filing: Report filed May 29, 2026 for a period of report May 26, 2026. No explicit late‑filing flag provided in the supplied data.
Context
- RSUs (restricted stock units) are awards that convert to ordinary shares; the May 11 grant (54,759 RSUs) vests in full on grant date per the filing, while the May 12 grant (413,168 RSUs) has a multi‑year vesting schedule (25% each year) with pro rata vesting on termination as described. Footnotes indicate the prior RSUs referenced had vested as stated.
- The small sales were for tax withholding (routine administrative transactions) rather than market-driven divestitures; such sales are common following RSU vesting and do not necessarily signal a view on company prospects.
Insider Transaction Report
Form 4
Chen Yang Luke
Director
Transactions
- Award
RSUs (Class A)
[F1]2023-09-08+126,295→ 126,295 total - Award
RSUs (Class A)
[F2]2026-05-11+54,759→ 181,054 total - Award
RSUs (Class A)
[F3]2026-05-12+413,168→ 594,222 total - Sale
RSUs (Class A)
[F4]2026-05-26$0.27/sh−1,440$389→ 592,782 total - Sale
RSUs (Class A)
[F5]2026-05-27$0.25/sh−3,400$850→ 589,382 total
Footnotes (5)
- [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 54,759 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.
- [F4]Represents the sale of 1,440 Class A ordinary share (in the form of 72 ADSs) of the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs.
- [F5]Represents the sale of 3,400 Class A ordinary share (in the form of 170 ADSs) of the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs.
Signature
/s/ Yang Chen|2026-05-29