Chen Yang Luke 4

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.