Sun Jian David 4
4 · 111, Inc. · Filed Jun 12, 2026
Research Summary
AI-generated summary of this filing
111, Inc. (YI) Director Sun Jian David Sells Shares, Receives RSUs
What Happened
- Sun Jian David, a director of 111, Inc. (YI), reported multiple transactions: a series of open‑market/private sales totaling 338,260 Class A ordinary shares (disposed) for aggregate proceeds of $79,226, and grants of RSUs totaling 810,271 shares. Sales occurred May 26–June 11, 2026; RSU grants were dated May 11, 2026 (378,737 RSUs) and May 12, 2026 (413,168 RSUs). The May 11 grant vests in full on the grant date; the May 12 grant has a four‑year vesting schedule (25% each year).
Key Details
- Sales (open market/private):
- 2026-05-26: 29,280 shares @ $0.27 — $7,906 (sale to satisfy tax withholding on RSU vesting; Footnote F4)
- 2026-05-27: 70,440 shares @ $0.25 — $17,610 (sale to satisfy tax withholding; Footnote F5)
- 2026-06-09: 12,000 shares @ $0.23 — $2,760
- 2026-06-10: 115,440 shares @ $0.22 — $25,397
- 2026-06-11: 111,100 shares @ $0.23 — $25,553
- Total disposed: 338,260 shares for $79,226.
- Grants/awards:
- 2018-09-12: 18,366 RSUs (previous grant; Footnote F1 notes all such RSUs have fully vested as of this Form 4).
- 2026-05-11: 378,737 RSUs granted, vest in full on grant date (Footnote F2).
- 2026-05-12: 413,168 RSUs granted with vesting commencement May 12, 2026; vests 25% annually over four years, with pro rata vesting for partial years if service terminates (Footnote F3).
- Sales on May 26 and May 27 were explicitly to satisfy tax withholding in connection with RSU vesting (Footnotes F4, F5). Transaction codes: A = Award/Grant, S = Sale, F = Tax withholding.
- Shares owned after transactions: not specified in the excerpt of this Form 4.
- Filing status: Form filed 2026-06-12 reporting transactions through 2026-06-11; no late filing flag shown in the provided data.
Context
- The May 11 RSU grant vested immediately (cashless value realized) and related tax withholding appears to have been satisfied by selling shares. The May 12 RSU grant has a standard multi‑year vesting schedule and does not represent an immediate sale. Sales tied to tax withholding are routine and do not necessarily signal a change in insider sentiment.
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 - Sale
RSUs (Class A)
2026-06-11$0.23/sh−111,100$25,553→ 472,011 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 29,280Class 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|2026-06-12