Luo Jun Justin 4
4 · 111, Inc. · Filed May 29, 2026
Research Summary
AI-generated summary of this filing
111, Inc. Director Luo Jun Justin Receives RSUs, Sells Shares
What Happened
- Luo Jun Justin, a director of 111, Inc. (YI), received RSU awards and sold shares to satisfy tax withholding. The filing shows three award/acquisition entries: 18,366 RSUs (2018-09-12), a grant of 378,737 RSUs (grant date 2026-05-11, vested in full on grant date), and a grant of 413,168 RSUs (grant date 2026-05-12, vesting over four years). The awards were reported at $0.00 per share (no cash paid).
- Following the awards, Mr. Luo sold 29,280 Class A ordinary shares on 2026-05-26 at $0.27 (proceeds ~$7,906) and 70,440 shares on 2026-05-27 at $0.25 (proceeds ~$17,610). Combined proceeds from the two sales were about $25,516. Footnotes indicate both sales were to satisfy tax withholding obligations related to RSU vesting.
Key Details
- Transactions and prices:
- 2018-09-12: 18,366 RSUs acquired @ $0.00 (F1)
- 2026-05-11: 378,737 RSUs granted/vested @ $0.00 (F2)
- 2026-05-12: 413,168 RSUs granted (vesting schedule) @ $0.00 (F3)
- 2026-05-26: Sold 29,280 shares @ $0.27 (~$7,906) to cover taxes (F4)
- 2026-05-27: Sold 70,440 shares @ $0.25 (~$17,610) to cover taxes (F5)
- Shares owned after the reported transactions: not stated in the provided filing data.
- Notable footnotes:
- F1: Each RSU equals a contingent right to one Class A share; filing states all such RSUs have fully vested as of the Form 4 date.
- F2: 378,737 RSUs granted May 11, 2026 and vested in full on grant date.
- F3: 413,168 RSUs granted May 12, 2026; vesting = 25% each year over four years (with pro rata vesting if service terminates mid-year).
- F4/F5: The two sales were made to satisfy tax withholding on RSU vesting.
- Filing date: Form 4 filed May 29, 2026 (reports transactions through May 26, 2026). No late-filing indicator provided in the supplied data.
Context
- RSUs are awards that convert to shares (one RSU = one Class A share) and are commonly issued for compensation. Grants reported at $0.00 reflect that no cash was paid to acquire the awards.
- The reported sales were tax-withholding sales (routine), which are generally not interpreted as a directional bullish/bearish signal about company prospects.
- The 413,168-RSU grant has a multi-year vesting schedule; only the 378,737-RSU grant explicitly vested in full on its grant date per the filing.
Insider Transaction Report
Form 4
Luo Jun Justin
Director
Transactions
- 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 - Sale
RSUs (Class A)
[F4]2026-05-26$0.27/sh−29,280$7,906→ 780,991 total - Sale
RSUs (Class A)
[F5]2026-05-27$0.25/sh−70,440$17,610→ 710,551 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 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.
- [F4]Represents the sale of 29,280 Class A ordinary share (in the form of 1,464 ADSs) of the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs.
- [F5]Represents the sale of 70,440Class A ordinary share (in the form of 3,522 ADSs) of the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs.
Signature
/s/ Jun Luo|2026-05-29