Liu Chun 4

What Happened

• Liu Chun, a director of Vipshop Holdings Ltd (VIPS), sold 174 shares in an open-market/private sale on July 7, 2026, at $67.31 per share, for proceeds of $11,712. This was a sale (not a purchase) and appears to be a routine sell-to-cover related to equity compensation.

Key Details

• Transaction date and price: 2026-07-07 — 174 shares at $67.31 each.
• Total proceeds: $11,712 (gross).
• Shares owned after transaction: Not disclosed in this Form 4.
• Footnote: F1 — the shares were sold in a "sell-to-cover" transaction to cover tax withholding obligations connected with the vesting/settlement of restricted shares.
• Filing: Form filed 2026-07-09. This filing was submitted two days after the transaction and appears to be timely (Form 4s are generally due within two business days).

Context

• Sell-to-cover transactions are common when restricted stock vests; a portion of shares is sold solely to cover required tax withholdings and do not necessarily reflect the insider's view on the company's prospects. Sales are often routine; purchases typically provide stronger signals about insider sentiment.