Sun Jian David 4
4 · 111, Inc. · Filed Jun 11, 2026
Research Summary
AI-generated summary of this filing
111, Inc. (YI) Director Sun Jian David Sells Shares & Receives RSU Awards
What Happened
- Sun Jian David, a director of 111, Inc. (YI), received RSU awards in May 2026 (total 791,905 RSUs from two grants plus a prior 18,366-RSU grant = 810,271 RSUs) and sold 227,160 shares in late May–early June 2026 for total proceeds of $53,673.
- Awards: 378,737 RSUs granted May 11, 2026 (vests in full on grant date per footnote), and 413,168 RSUs granted May 12, 2026 (vesting schedule described below). The 2018 grant of 18,366 RSUs is also reported as acquired/vested.
- Sales: 29,280 shares (1,464 ADSs) on 2026-05-26 for $7,906 and 70,440 shares (3,522 ADSs) on 2026-05-27 for $17,610 — both noted as sales to satisfy tax withholding; additional open-market sales were 12,000 shares on 2026-06-09 for $2,760 and 115,440 shares on 2026-06-10 for $25,397.
Key Details
- Transaction dates & prices:
- Awards (acquisitions at $0.00): 2018-09-12 — 18,366 RSUs; 2026-05-11 — 378,737 RSUs; 2026-05-12 — 413,168 RSUs.
- Sales: 2026-05-26 — 29,280 sh @ $0.27 ($7,906) [tax withholding]; 2026-05-27 — 70,440 sh @ $0.25 ($17,610) [tax withholding]; 2026-06-09 — 12,000 sh @ $0.23 ($2,760); 2026-06-10 — 115,440 sh @ $0.22 ($25,397).
- Total RSUs reported: 810,271 (each RSU = one Class A ordinary share). Total shares sold: 227,160 for $53,673.
- Shares owned after transaction: Not specified in the provided filing.
- Notable footnotes:
- F2: 378,737 RSUs granted May 11, 2026 and vest in full on grant date.
- F3: 413,168 RSUs granted May 12, 2026; vesting begins May 12, 2026 and generally vests 25% per year over four years, with pro rata vesting if service terminates during a vesting year.
- F4 & F5: The 29,280- and 70,440-share sales were to satisfy tax withholding on RSU vesting (reported in ADS equivalents).
- F1: States each RSU represents the right to receive one Class A share; filing notes regarding vesting appear in the footnotes above.
- Filing timeliness: Form filed 2026-06-11; no late-filing indication in the provided information.
Context
- Awards (A) are RSU grants — not open-market purchases. One grant (May 11) vests immediately per the filing; the May 12 grant has multi-year vesting (typical retention schedule).
- Some sales were explicitly for tax withholding tied to RSU vesting (routine administrative sales). Other open-market sales have no stated reason in the filing.
- For retail investors: awards increase potential future share dilution; sales to cover taxes are common and not necessarily a bearish signal.
Insider Transaction Report
Form 4
Sun Jian David
Director
Transactions
- Award
RSUs (Class A)
[F1]2018-09-12+18,366→ 18,366 total - Award
RSUs (Class A)
[F2]2026-05-11+378,737→ 397,103 total - Award
RSUs (Class A)
[F3]2026-05-12+413,168→ 810,271 total - Sale
RSUs (Class A)
[F4]2026-05-26$0.27/sh−29,280$7,906→ 780,991 total - Sale
RSUs (Class A)
[F5]2026-05-27$0.25/sh−70,440$17,610→ 710,551 total - Sale
RSUs (Class A)
2026-06-09$0.23/sh−12,000$2,760→ 698,551 total - Sale
RSUs (Class A)
2026-06-10$0.22/sh−115,440$25,397→ 583,111 total
Footnotes (5)
- [F1]Each RSU represents a contingent right to receive one Class A ordinary share. As of the date of this Form 4, all such RSUs have fully vested.
- [F2]Represent a grant of 378,737 RSUs, each RSU representing the right to receive one Class A ordinary share of the Issuer, with a grant date of May 11, 2026, which shall vest in full on the grant date.
- [F3]Represent a grant of 413,168 RSUs, each RSU representing the right to receive one Class A ordinary share of the Issuer, with a grant date of May 12, 2026 and a vesting commencement date of May 12, 2026. Each such grant shall vest as to 25% of the RSUs on each of the first, second, third and fourth anniversaries of May 12, 2026; provided, however, that if the Reporting Person's service with the Issuer or any Service Recipient (as defined in the applicable Award Agreement) terminates in any vesting year other than for Cause (as defined in the applicable Award Agreement), the portion otherwise scheduled to vest for such vesting year shall vest pro rata based on the number of full months actually served by the grantee during such vesting year, with one-twelfth (1/12) of the amount scheduled to vest for such vesting year vesting for each completed month of service in such year.
- [F4]Represents the sale of 29,280 Class A ordinary share (in the form of 1,464 ADSs) of the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs.
- [F5]Represents the sale of 70,440 Class A ordinary share (in the form of 3,522 ADSs) of the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs.
Signature
/s/ Jian Sun|2026-06-11