Vipshop (VIPS) director Liu Xing discloses direct and indirect share stakes

Rhea-AI Filing Summary

Vipshop Holdings Ltd director Liu Xing has filed an initial statement of beneficial ownership of Class A ordinary shares. The filing shows direct ownership entries of 32,471 Class A ordinary shares and a separate position tied to restricted share awards.

The filing notes 8,615 Class A ordinary shares are issuable upon vesting of restricted share awards granted on April 1, 2024, which will vest in equal quarterly installments until April 1, 2028, subject to the award terms. In addition, 49,961 Class A ordinary shares are held indirectly through Liu’s spouse.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Liu Xing

Role Director

Type	Security	Shares	Price	Value
holding	Class A ordinary shares	--	--	--
holding	Class A ordinary shares	--	--	--
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 32,471 shares (Direct); Class A ordinary shares — 49,961 shares (Indirect, By spouse)

Footnotes (1)

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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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Liu Xing

(Last) (First) (Middle)

SUITE 3613, 36TH FLOOR, TWO PACIFIC

PLACE, 88 QUEENSWAY

(Street)

HONG KONG HONG KONG 00000

(City) (State) (Zip)

HONG KONG

(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
[NONE]

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	32,471	D
Class A ordinary shares(1)	8,615	D
Class A ordinary shares	49,961	I	By spouse

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

Explanation of Responses:

1. Represents 8,615 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.

	/s/ Xing Liu	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 Liu Xing’s Form 3 filing for Vipshop (VIPS) show?

The Form 3 shows Liu Xing’s existing ownership in Vipshop Class A ordinary shares, including direct holdings, unvested restricted share awards, and indirect shares held through a spouse. It is an initial ownership report, not a record of recent share purchases or sales.

How many Vipshop (VIPS) shares are tied to Liu Xing’s restricted awards?

Liu Xing has 8,615 Class A ordinary shares issuable upon vesting of restricted share awards. These awards were granted on April 1, 2024 and will vest in equal quarterly installments until April 1, 2028, subject to the award agreement terms and conditions.

What indirect Vipshop (VIPS) holdings are reported for Liu Xing?

The filing reports 49,961 Vipshop Class A ordinary shares held indirectly by Liu Xing’s spouse. This indicates beneficial ownership through a related person, which must be disclosed even though the shares are not held directly in Liu Xing’s own name.

Does Liu Xing’s Vipshop (VIPS) Form 3 indicate recent share transactions?

The Form 3 reflects beneficial ownership positions, not explicit recent purchases or sales. All reported entries use an unknown transaction code and are categorized as holdings, so the filing serves mainly to disclose current ownership rather than trading activity.

When will Liu Xing’s Vipshop (VIPS) restricted share awards vest?

The restricted share awards underlying 8,615 Vipshop Class A ordinary shares were granted on April 1, 2024 and will vest in equal installments on a quarterly basis until April 1, 2028, assuming the terms and conditions of the underlying award agreement continue to be satisfied.