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111, Inc.·4

Jun 16, 6:18 AM ET

Sun Jian David 4

Research Summary

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Updated

111, Inc. Director Sun Jian David Sells 397,060 Shares

What Happened

  • Sun Jian David, a director of 111, Inc. (YI), reported multiple equity transactions: he received several RSU awards in May 2026 and sold shares in the open market and to cover taxes. Reported acquisitions (awards) include 378,737 RSUs granted May 11, 2026 (vested in full), 413,168 RSUs granted May 12, 2026 (subject to a four‑year vesting schedule), and a prior grant of 18,366 RSUs from 2018. He disposed of 397,060 Class A ordinary shares across several dates between May 26 and June 15, 2026, for aggregate proceeds of approximately $92,750. Awards are recorded at $0.00 per share (they are RSUs).

Key Details

  • Award/Acquisitions:
    • 2018-09-12: 18,366 RSUs @ $0.00 (F1: RSU = right to one Class A share; footnote says these RSUs have vested)
    • 2026-05-11: 378,737 RSUs @ $0.00 (F2: granted and vested in full on grant date)
    • 2026-05-12: 413,168 RSUs @ $0.00 (F3: grant vests 25% annually over 4 years starting 5/12/2026; pro rata vesting rules if service terminates)
  • Sales (open market / dispositions):
    • 2026-05-26: 29,280 shares @ $0.27 = $7,906 (F4: sale to satisfy tax withholding for RSU vesting)
    • 2026-05-27: 70,440 shares @ $0.25 = $17,610 (F5: sale to satisfy tax withholding for RSU vesting)
    • 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
    • 2026-06-15: 58,800 shares @ $0.23 = $13,524
    • Total sold: 397,060 shares for about $92,750
  • Shares owned after transactions: not specified in the provided filing excerpt.
  • Filing: Form 4 filed June 16, 2026, reporting transactions through June 15, 2026 (appears timely per standard Form 4 reporting rules).
  • Footnotes of note: F2 confirms full vesting of the May 11 grant; F3 describes multi‑year vesting for May 12 grant; F4/F5 identify two sales as tax‑withholding related to RSU vesting.

Context

  • The "acquisitions" were RSU awards (granted at $0) — not open‑market purchases — and some recently vested RSUs generated tax withholding sales. Sales following RSU grants are commonly executed to cover taxes or to monetize vested shares; the filing shows both tax‑withholding sales and additional open‑market disposals.
  • This report is informational and does not by itself indicate the director’s overall view of the company.