Vipshop Holdings (VIPS) COO reports large option and share holdings

Rhea-AI Filing Summary

Vipshop Holdings Ltd Chief Operating Officer Arthur Xiaobo Hong filed an initial ownership report showing his equity interests in the company. He holds share options giving the right to buy 2,681,894 Class A ordinary shares at an exercise price of 66.85, expiring on December 31, 2029, and these options are fully vested and exercisable. He is also reported as having indirect ownership of 8,707,142 Class A ordinary shares held by High Vivacity Holdings Limited, which is ultimately owned by the Nasa Stand Trust, where he can direct how the shares are voted and whether they are retained or sold. The filing does not reflect new purchases or sales, but rather discloses existing positions as he becomes a reporting insider and ten percent owner.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Hong Arthur Xiaobo

Role Chief Operating Officer

Type	Security	Shares	Price	Value
holding	Share Options (Right to Buy)	--	--	--
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Share Options (Right to Buy) — 2,681,894 shares (Direct); Class A ordinary shares — 8,707,142 shares (Indirect, See Footnote)

Footnotes (1)

1. These shares are directly held by High Vivacity Holdings Limited, a British Virgin Islands company, which is ultimately wholly owned by the Nasa Stand Trust. Under the terms of the Nasa Stand Trust, Arthur Xiaobo Hong has the power to direct the trustee with respect to the retention or disposal of the Class A ordinary shares of the Issuer and the exercise of any voting and other rights attached thereto. All options granted have been fully vested and exercisable as of the date hereof.

Understanding Insider Trading Forms →

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^*

Hong Arthur Xiaobo

(Last) (First) (Middle)

128 DINGXIN ROAD, HAIZHU DISTRICT

(Street)

GUANGZHOU 510220

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

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	8,707,142	I	See Footnote(1)

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)	12/31/2029	Class A ordinary shares	2,681,894	$66.85	D

Explanation of Responses:

1. These shares are directly held by High Vivacity Holdings Limited, a British Virgin Islands company, which is ultimately wholly owned by the Nasa Stand Trust. Under the terms of the Nasa Stand Trust, Arthur Xiaobo Hong has the power to direct the trustee with respect to the retention or disposal of the Class A ordinary shares of the Issuer and the exercise of any voting and other rights attached thereto.

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

	/s/ Arthur Xiaobo Hong	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 Vipshop (VIPS) COO Arthur Xiaobo Hong report on this Form 3?

Arthur Xiaobo Hong reports his existing equity interests in Vipshop Holdings. He discloses fully vested options over 2,681,894 Class A shares and indirect ownership of 8,707,142 Class A shares through a trust-controlled entity, without indicating any new purchases or sales.

How many Vipshop (VIPS) shares are indirectly held through High Vivacity Holdings Limited?

The filing shows 8,707,142 Vipshop Class A ordinary shares indirectly held by High Vivacity Holdings Limited. This company is ultimately wholly owned by the Nasa Stand Trust, where Hong can direct voting, retention, or disposal decisions for these shares under the trust’s terms.

What are the key terms of Arthur Xiaobo Hong’s Vipshop (VIPS) share options?

Hong holds share options, described as a right to buy, over 2,681,894 Vipshop Class A ordinary shares at an exercise price of 66.85. According to the footnote, all these options are fully vested and exercisable and expire on December 31, 2029, if not exercised earlier.

Does the Vipshop (VIPS) Form 3 show any insider buying or selling activity?

The Form 3 does not show insider buying or selling activity. It classifies both entries as holdings, with no transaction codes indicating purchases or sales, and transaction summaries reflecting unknown direction, meaning it records existing positions rather than new trades.

What control does Arthur Xiaobo Hong have over the Vipshop (VIPS) shares in the Nasa Stand Trust?

Under the Nasa Stand Trust terms, Hong can direct the trustee on retention or disposal of Vipshop Class A shares and how voting and other rights are exercised. This gives him effective influence over 8,707,142 indirectly held shares, despite legal title being with trust-related entities.