Yang Donghao 4

What Happened
Yang Donghao, a director of Vipshop Holdings Ltd (VIPS), disposed of 397 shares on 2026-06-09 at $69.30 per share, for proceeds of approximately $27,512. The filing identifies the sale as a sell-to-cover transaction related to tax withholding on vested restricted shares — a routine administrative sale rather than an open-market investment decision.

Key Details

• Transaction date: 2026-06-09; Price: $69.30 per share; Shares sold: 397; Total proceeds: ~$27,512.
• Transaction type: Sale (sell-to-cover) to satisfy tax withholding obligations in connection with vesting/settlement of restricted shares (Footnote F1).
• Filing date: 2026-06-11 (filed within the typical two-business-day Form 4 window).
• Shares owned after transaction: Not specified in the provided filing.
• No 10b5-1 plan or other trading plan is indicated in the filing.

Context: Sell-to-cover transactions are common when restricted stock vests and taxes are due; they typically reflect tax-related administrative sales rather than a director signaling a view on the company’s prospects.