Yang Donghao lists Vipshop (NYSE: VIPS) share and award holdings

Rhea-AI Filing Summary

Vipshop Holdings Ltd director Yang Donghao has filed an initial ownership report. The filing shows direct ownership of 63,049 Class A ordinary shares. In addition, 10,530 Class A shares are issuable upon vesting of outstanding restricted share awards granted on December 1, 2024, which vest quarterly until December 1, 2028. A further 172,000 Class A shares are held indirectly through Crown Harvest Enterprise Limited, a controlled corporation of Yang.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Yang Donghao

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 — 63,049 shares (Direct); Class A ordinary shares — 172,000 shares (Indirect, See Footnote)

Footnotes (1)

1. Represents 10,530 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 December 1, 2024. The remaining restricted share awards will vest in equal installments on a quarterly basis until December 1, 2028, subject to the terms and conditions of the underlying award agreement. These shares are directly held by Crown Harvest Enterprise Limited, a controlled corporation of the reporting person.

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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^*

Yang Donghao

(Last) (First) (Middle)

FLOOR 39, POLY DEVELOPMENT PLAZA

NO. 832 YUE JIANG ZHONG ROAD

(Street)

GUANGZHOU 510335

(City) (State) (Zip)

UNITED STATES

(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	63,049	D
Class A ordinary shares(1)	10,530	D
Class A ordinary shares	172,000	I	See Footnote(2)

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 10,530 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 December 1, 2024. The remaining restricted share awards will vest in equal installments on a quarterly basis until December 1, 2028, subject to the terms and conditions of the underlying award agreement.

2. These shares are directly held by Crown Harvest Enterprise Limited, a controlled corporation of the reporting person.

	/s/ Donghao Yang	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 Yang Donghao’s Form 3 filing for Vipshop (VIPS) show?

The Form 3 shows Yang Donghao’s initial ownership in Vipshop Class A ordinary shares. It details directly held shares, unvested restricted share awards that will vest over time, and additional shares held indirectly through Crown Harvest Enterprise Limited.

How many Vipshop (VIPS) shares does Yang Donghao hold directly and indirectly?

Yang Donghao holds 63,049 Vipshop Class A shares directly. He also has 10,530 Class A shares issuable upon vesting of restricted share awards and 172,000 Class A shares held indirectly through Crown Harvest Enterprise Limited, a controlled corporation.

What are the terms of Yang Donghao’s restricted share awards in Vipshop (VIPS)?

The filing states 10,530 Class A shares are issuable upon vesting of restricted share awards granted on December 1, 2024. These awards vest in equal quarterly installments until December 1, 2028, subject to the award agreement’s terms and conditions.

How are indirect Vipshop (VIPS) holdings attributed to Yang Donghao?

The filing explains that 172,000 Vipshop Class A shares are directly held by Crown Harvest Enterprise Limited. This entity is described as a controlled corporation of Yang Donghao, so these shares are reported as his indirect beneficial ownership.

Does Yang Donghao’s Vipshop (VIPS) Form 3 indicate recent share purchases or sales?

The Form 3 functions as an initial ownership report, listing Yang Donghao’s existing direct, indirect, and award-based holdings. It does not categorize any entries as open-market purchases or sales, focusing instead on current beneficial ownership positions.