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111, Inc.·4

May 29, 8:51 AM ET

Luo Jun Justin 4

Research Summary

AI-generated summary

Updated

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.