111, Inc. (YI) Director Chen Yang Luke Sells Shares

What Happened
Chen Yang Luke, a director of 111, Inc. (YI), reported multiple transactions: he received RSU awards (grants) totaling 594,222 RSUs and sold 142,760 Class A ordinary shares for aggregate proceeds of about $30,761. Grants recorded: 126,295 RSUs (Sept 8, 2023), 54,759 RSUs (May 11, 2026), and 413,168 RSUs (May 12, 2026). Sales recorded (open market/private): 1,440 shares (May 26, 2026), 3,400 shares (May 27, 2026), 49,920 shares (Jun 12, 2026), 44,000 shares (Jun 15, 2026), and 44,000 shares (Sep 23, 2026). Sale prices ranged from $0.18 to $0.27 per share.

Key Details

• Grant (A) transactions (no purchase price):
  • 2023-09-08: 126,295 RSUs (F1 — these RSUs are reported as fully vested as of the Form 4 date).
  • 2026-05-11: 54,759 RSUs that vest in full on the grant date (F2).
  • 2026-05-12: 413,168 RSUs with a four-year vesting schedule starting May 12, 2026 (25% each anniversary; pro rata vesting if service terminates during a vesting year) (F3).
• Sale (S) transactions (proceeds shown):
  • 2026-05-26: 1,440 shares at $0.27 — $389 (F4: sale to satisfy tax withholding on RSU vesting).
  • 2026-05-27: 3,400 shares at $0.25 — $850 (F5: sale to satisfy tax withholding on RSU vesting).
  • 2026-06-12: 49,920 shares at $0.23 — $11,482.
  • 2026-06-15: 44,000 shares at $0.23 — $10,120.
  • 2026-09-23: 44,000 shares at $0.18 — $7,920.
• Total disposed: 142,760 shares for approx. $30,761 total proceeds.
• Shares owned after the transactions: not specified in the provided filing information.
• Filing: Report filed on 2026-09-24 for transactions through 2026-09-23; filing appears timely based on the reported dates.
• Footnotes of note: F4 and F5 indicate the two small May sales were to satisfy tax withholding for RSU vesting. F3 explains the multi-year vesting schedule for the large May 12, 2026 grant.

Context

• RSUs are awards that convert to shares upon vesting; some of these grants vest immediately (May 11, 2026 grant) while others vest over time (May 12, 2026 grant). Sales tied to tax withholding (small lots in May) are routine and reflect withholding obligations when RSUs vest.
• The larger open-market/private sales in June and September generated modest proceeds (~$30.8K total) and do not, by themselves, indicate insider sentiment. They are disclosures of insider liquidity rather than directional bets.