VNET Director Chen David Lifeng Receives 83,544 Shares (RSU Vest)

What Happened
Chen David Lifeng, a director of VNET Group, Inc. (VNET), recorded the vesting/conversion of 83,544 restricted stock units (RSUs) into Class A ordinary shares in the form of American depositary shares (ADS) on July 31, 2026. The Form 4 shows an acquisition entry for 83,544 shares (derivative exercise/conversion) and a corresponding disposition entry of 83,544 shares at $0.00 (no cash proceeds). No sale for cash is reported.

Key Details

• Transaction date: July 31, 2026; Form 4 filed: August 4, 2026 (filed within the required two business days).
• Transaction type/code: M (exercise/conversion of derivative resulting from RSU vesting).
• Shares involved: 83,544 Class A ordinary shares in the form of ADS (converted from RSUs).
• Price/proceeds: Acquisition listed as N/A; disposition listed at $0.00 — no cash sale reported.
• Shares owned after transaction: Not specified in the filing.
• Footnotes of note:
  • F1: ADS structure — each ADS represents six Class A ordinary shares.
  • F2–F4: These 83,544 shares were acquired upon RSU vesting on July 31, 2026; each RSU represents the right to one Class A ordinary share and these RSUs have no expiration.
  • F5: Remaining RSU schedule for the reporting person: 417,708 RSUs remain unvested with staggered vesting (see filing): 83,544 vesting on Jan 31, 2027; Apr 30, 2027; Oct 31, 2027; and 83,538 vesting on Oct 31, 2026 and Jul 31, 2027.

Context

• This filing reflects RSU vesting (award conversion), not an open-market purchase or a cash sale. The $0.00 disposition indicates no cash proceeds were received in connection with the conversion; the transaction does not signal an outright sale.
• For retail investors, vested RSUs add to insider holdings but do not by themselves indicate buy or sell intent.