Ye Changqing 4

What Happened

• Ye Changqing, a director of Baozun Inc. (BZUN), was granted 42,000 restricted stock units (RSUs) on May 21, 2026. The Form 4 lists the award as a derivative grant (code A) at $0.00 per unit; there was no cash purchase. Each RSU represents the contingent right to receive one Class A ordinary share upon vesting.

Key Details

• Transaction date: May 21, 2026 (reported on Form 4 filed May 26, 2026)
• Grant: 42,000 RSUs; reported price $0.00 (derivative award)
• Vesting: 10,500 RSUs vest on each anniversary of the grant date over four years (per filing footnote)
• Shares owned after transaction: Not specified in this Form 4
• Filing timeliness: Filed May 26, 2026 for a May 21 grant; given the May 25 U.S. holiday, the filing date appears timely
• Notes: Footnote clarifies each RSU converts to one Class A ordinary share when/if vested

Context

• RSU grants are a common form of equity compensation for executives and directors; they do not represent an immediate sale or open-market purchase. Because these are unvested awards, they indicate future potential share issuances on vesting rather than an immediate change in share count available to the insider.