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111, Inc.·4

Jun 12, 6:04 AM ET

Sun Jian David 4

Research Summary

AI-generated summary

Updated

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.