Chen Yang Luke 4
4 · 111, Inc. · Filed Jun 16, 2026
Research Summary
AI-generated summary of this filing
111, Inc. (YI) Director Chen Yang Luke Sells Shares, Receives RSU Awards
What Happened Chen Yang Luke, a director of 111, Inc. (YI), reported multiple transactions: he was granted RSU awards totaling 594,222 shares (126,295; 54,759; and 413,168 RSUs) and sold 98,760 Class A ordinary shares in open-market/private sales for total proceeds of about $22,841. Sales ranged from $0.23 to $0.27 per share; some small lots (1,440 and 3,400 shares) were sold specifically to satisfy tax withholding on vested RSUs.
Key Details
- Grants (acquisitions at $0.00):
- 2023-09-08: 126,295 RSUs (F1) — footnote indicates these RSUs have fully vested as of this Form 4.
- 2026-05-11: 54,759 RSUs (F2) — vest in full on the grant date.
- 2026-05-12: 413,168 RSUs (F3) — grant vests 25% on each anniversary starting 5/12/2027 (standard four-year schedule with pro rata on termination provisions).
- Sales (dispositions):
- 2026-05-26: 1,440 shares @ $0.27 = $389 (F4 — tax withholding sale).
- 2026-05-27: 3,400 shares @ $0.25 = $850 (F5 — tax withholding sale).
- 2026-06-12: 49,920 shares @ $0.23 = $11,482.
- 2026-06-15: 44,000 shares @ $0.23 = $10,120.
- Total shares sold: 98,760; total proceeds: ~$22,841.
- Shares owned after the transactions: Not specified in the Form 4 filed.
- Filing: Form 4 filed on 2026-06-16 reporting transactions through mid‑June 2026; the filing does not include a late-filing flag.
Context
- RSUs: Restricted stock units are a grant right to receive shares in the future. Some grants here vested immediately (or have already vested), while the 413,168‑RSU grant follows a multi-year vesting schedule — this grant is not an immediate cash purchase and generally does not, by itself, indicate a near-term sale.
- Tax withholding sales: The small May sales (1,440 and 3,400 shares) were explicitly to cover taxes on vested RSUs (common, routine).
- Sales vs. purchases: The reported open‑market sales are dispositions (not purchases) and appear largely routine given the tax-withholding transactions and recent large RSU grants.
Insider Transaction Report
Form 4
Chen Yang Luke
Director
Transactions
- Award
RSUs (Class A)
[F1]2023-09-08+126,295→ 126,295 total - Award
RSUs (Class A)
[F2]2026-05-11+54,759→ 181,054 total - Award
RSUs (Class A)
[F3]2026-05-12+413,168→ 594,222 total - Sale
RSUs (Class A)
[F4]2026-05-26$0.27/sh−1,440$389→ 592,782 total - Sale
RSUs (Class A)
[F5]2026-05-27$0.25/sh−3,400$850→ 589,382 total - Sale
RSUs (Class A)
2026-06-12$0.23/sh−49,920$11,482→ 539,462 total - Sale
RSUs (Class A)
2026-06-15$0.23/sh−44,000$10,120→ 495,462 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 54,759 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 1,440 Class A ordinary share (in the form of 72 ADSs) of the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs.
- [F5]Represents the sale of 3,400 Class A ordinary share (in the form of 170 ADSs) of the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs.
Signature
/s/ Yang Chen|2026-06-16