YU BIN 4

What Happened Yu Bin, a director of Baozun Inc. (BZUN), received a grant of 24,000 restricted stock units (RSUs) on May 21, 2026. The reported transaction is an award/grant (code A) recorded as a derivative acquisition at $0.00 — the reporting person did not pay cash for the RSUs. The grant vests in installments: 10,500 RSUs on May 21, 2027; 10,500 RSUs on May 21, 2028; and 3,000 RSUs on May 21, 2029.

Key Details

• Transaction date: May 21, 2026; Form 4 filed May 26, 2026 (filed 5 days after the transaction).
• Transaction type/code: Award/Grant (A); derivative acquisition of 24,000 RSUs at $0.00.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: Each RSU represents the right to one Class A ordinary share; vesting as noted above (10,500 / 10,500 / 3,000).
• Timeliness: Filing appears late under the SEC’s 2-business-day Form 4 rule (filed 5 days after the transaction).

Context RSUs are a form of equity compensation that convert into underlying shares upon vesting; this grant does not represent an open-market purchase or sale and does not indicate immediate selling. For retail investors, awards to directors are typically part of compensation or retention programs rather than a direct signal of near-term trading intent.