Vipshop (NYSE: VIPS) director discloses options and RSU stake

Rhea-AI Filing Summary

Vipshop Holdings Ltd director Zheng Nanyan has filed an initial ownership report detailing existing equity interests. The filing shows share options to acquire 30,568 Class A ordinary shares at an exercise price of $2.5000 per share, fully vested and exercisable and expiring on December 31, 2026. It also lists 11,008 Class A ordinary shares held directly, plus 4,307 additional Class A ordinary shares issuable from restricted share awards granted on April 1, 2024, which will vest in equal quarterly installments until April 1, 2028 under the award terms.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Zheng Nanyan

(Last) (First) (Middle)

1502, ONE VISTA SUMMIT, 3 SAN HOP LANE,

TUEN MUN, NEW TERRITORIES

(Street)

HONG KONG

(City) (State) (Zip)

CHINA

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Vipshop Holdings Ltd [ VIPS ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A ordinary shares	11,008	D
Class A ordinary shares(1)	4,307	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Share Options (Right to Buy)	(2)	12/31/2026	Class A ordinary shares	30,568	$2.5	D

Explanation of Responses:

1. Represents 4,307 Class A ordinary shares issuable upon vesting of the underlying restricted share awards that remain outstanding as of the date hereof. The underlying restricted share awards were granted by the Issuer on April 1, 2024. The remaining restricted share awards will vest in equal installments on a quarterly basis until April 1, 2028, subject to the terms and conditions of the underlying award agreement.

2. All options granted have been fully vested and exercisable as of the date hereof.

	/s/ Nanyan Zheng	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does Zheng Nanyan’s Form 3 filing for Vipshop (VIPS) disclose?

The Form 3 filing discloses Zheng Nanyan’s existing equity stake in Vipshop. It reports direct holdings of Class A ordinary shares, fully vested share options, and unvested restricted share awards with specified exercise price, expiration, and vesting schedule details.

How many options does Zheng Nanyan hold in Vipshop (VIPS) and at what price?

Zheng Nanyan holds share options over 30,568 Class A ordinary shares at an exercise price of $2.5000 per share. According to the disclosure, all these options are fully vested and exercisable and expire on December 31, 2026.

How many Vipshop (VIPS) Class A ordinary shares does Zheng Nanyan directly own?

The filing shows direct ownership of 11,008 Vipshop Class A ordinary shares. This figure represents currently held shares, separate from any shares that may be acquired through options or that may vest from outstanding restricted share awards over time.

What restricted share awards are reported for Zheng Nanyan in Vipshop (VIPS)?

The report notes 4,307 Class A ordinary shares issuable upon vesting of restricted share awards granted on April 1, 2024. These awards will vest in equal quarterly installments until April 1, 2028, subject to the terms of the underlying award agreement.

Are Zheng Nanyan’s Vipshop (VIPS) options already vested and exercisable?

Yes. The footnotes state that all options granted to Zheng Nanyan have been fully vested and are exercisable as of the reporting date. These options relate to 30,568 underlying Class A ordinary shares and expire on December 31, 2026.

Does Zheng Nanyan’s Form 3 for Vipshop (VIPS) show any recent share purchases or sales?

No recent share purchases or sales are indicated. The Form 3 functions as an initial ownership statement, listing existing holdings in common shares, share options, and restricted share awards without reporting new buy or sell transactions.