Zhu Yanjie 4

What Happened

• Zhu Yanjie, Chief Financial Officer of Baozun Inc. (BZUN), received an award of 300,000 restricted stock units (RSUs) reported on a Form 4 with a transaction date of 2026-03-30 and filing date 2026-03-31. The Form 4 lists an acquisition price of $0.00 because these RSUs are a grant of derivative awards (not an open-market purchase).
• The filing does not state a dollar value or the number of shares owned after the grant; the RSUs convert into Class A ordinary shares only upon vesting.

Key Details

• Transaction date: 2026-03-30; Form 4 filed: 2026-03-31 (timely filing).
• Grant: 300,000 RSUs; acquisition price shown as $0.00 (derivative award).
• Vesting (per filing footnotes): 75% vests on January 1, 2029; remaining 25% vests on January 1, 2030. Each RSU represents the contingent right to one Class A ordinary share.
• Shares owned after transaction: Not specified in the filing.
• Transaction type code: A (award/grant); this is a compensation/retention grant, not a purchase or sale.

Context

• RSUs are restricted until they vest; they do not represent immediately tradable shares and are typically used for long-term incentive/retention. Such grants are common for executives and are not direct market purchases that signal a near-term trading bias.