Wang Yuhua 4

What Happened
Wang Yuhua, Chief Financial Officer of Vipshop Holdings Ltd (VIPS), sold 2,589 shares on June 9, 2026 at $69.12 per share, generating proceeds of approximately $178,944. The sale was a disposal (S) and was executed as a sell-to-cover to satisfy tax withholding obligations tied to the vesting and settlement of restricted shares.

Key Details

• Transaction date and price: 2026-06-09 — 2,589 shares at $69.12 each.
• Total proceeds: ~$178,944.
• Shares owned after the transaction: Not disclosed in the provided filing.
• Footnote: F1 — sale was a "sell-to-cover" to cover tax withholding on vested restricted shares.
• Filing: Form 4 filed 2026-06-11 (timely given the 2-business-day reporting requirement).

Context
Sell-to-cover transactions are routine tax-withholding sales when restricted stock vests and do not by themselves indicate a change in an insider’s view of the company. This report documents the tax-related disposal rather than a discretionary divestiture or new investment.