Hsia Hsien-Chieng Steve 4

What Happened

• Director Hsia Hsien-Chieng (Steve Hsia) received a grant of 42,000 restricted stock units (RSUs) from Baozun Inc. on May 21, 2026. The grant price is reported as $0.00 because RSUs are awards (derivative rights) rather than purchased shares; no cash changed hands at grant.

Key Details

• Transaction date: May 21, 2026. Filing date (Form 4): May 26, 2026 (appears filed after the standard two-business-day window).
• Transaction type/code: Award/Grant (A).
• Amount: 42,000 RSUs; reported grant price $0.00.
• Vesting: 10,500 RSUs vest on each anniversary of the grant date over four years (per footnote).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 clarifies each RSU equals the right to one Class A ordinary share. F2 gives the grant and vesting schedule.

Context

• RSUs are a form of equity compensation that convert into shares only as they vest; this grant does not represent an immediate buy or sell of common stock. Grants to directors are common as part of compensation and do not by themselves signal a buy/sell decision. The late filing may be procedural; investors tracking insider activity should note the timing.