Vipshop CFO sells 2,499 shares for tax withholding

Vipshop’s CFO executed a small sell-to-cover share sale to satisfy tax withholding on vested restricted shares, retaining a direct holding of 48,868 shares.

Rhea-AI Filing Summary

Vipshop Holdings Ltd (VIPS) reported that Chief Financial Officer Yuhua Wang sold 2,499 Class A ordinary shares on September 8, 2026 in a sale transaction at $64.949 per share. According to the company’s disclosure, the sale was a sell-to-cover for tax withholding on vested restricted shares, and Wang now directly holds 48,868 shares.

Insider Trade Summary

Net Seller: 2,499 shares

Net Sell 1 txn

Insider Wang Yuhua

Role Chief Financial Officer

Sold 2,499 shs ($162K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares F1	2,499	$64.949	$162K

Holdings After Transaction: Class A ordinary shares — 48,868 shares (Direct)

Footnotes (1)

1. F1. The shares were sold in a "sell-to-cover" transaction to cover tax withholding obligations in connection with the vesting and settlement of restricted shares.

Key Figures

Shares sold: 2,499 shares Sale price per share: $64.949 per share Shares held after transaction: 48,868 shares +1 more

4 metrics

Shares sold 2,499 shares Class A ordinary shares sold by CFO on September 8, 2026

Sale price per share $64.949 per share Average price for 2,499 shares sold on September 8, 2026

Shares held after transaction 48,868 shares Direct Class A ordinary share holdings of CFO after the sale

Net shares sold 2,499 shares Net share change from this Form 4 transaction

Key Terms

sell-to-cover, tax withholding obligations, restricted shares

3 terms

sell-to-cover financial

"The shares were sold in a "sell-to-cover" transaction to cover tax"

Sell-to-cover is when part of newly issued or exercised company stock is immediately sold to pay required taxes and fees, so the recipient keeps the remaining shares. For investors this matters because it reduces the number of shares insiders or employees actually hold after a grant, can create small, routine share sales that aren’t signal of cashing out, and slightly increases share supply on the market—like selling a portion of a paycheck to cover the tax bill.

tax withholding obligations financial

"transaction to cover tax withholding obligations in connection with the"

restricted shares financial

"withholding obligations in connection with the vesting and settlement of restricted shares"

Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Vipshop (VIPS) disclose for its CFO?

Vipshop disclosed that CFO Yuhua Wang sold 2,499 Class A ordinary shares on September 8, 2026 at $64.949 per share in a sell-to-cover transaction related to tax withholding on vested restricted shares.

How many Vipshop (VIPS) shares did the CFO sell and at what price?

CFO Yuhua Wang sold 2,499 Class A ordinary shares of Vipshop at an average price of $64.949 per share on September 8, 2026, described as a sell-to-cover transaction.

Why did the Vipshop (VIPS) CFO sell 2,499 shares?

The filing states the 2,499 shares were sold in a sell-to-cover transaction to cover tax withholding obligations arising from the vesting and settlement of restricted shares held by CFO Yuhua Wang.

How many Vipshop (VIPS) shares does the CFO hold after this transaction?

After the September 8, 2026 transaction, CFO Yuhua Wang directly holds 48,868 Class A ordinary shares of Vipshop, according to the insider ownership data reported.

Was the Vipshop (VIPS) CFO’s sale made under a Rule 10b5-1 trading plan?

The filing’s Rule 10b5-1 checkbox is not marked as affirming a trading plan, and the footnote describes the sale as a sell-to-cover for tax withholding on vesting, with no Rule 10b5-1 plan referenced.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/10/2026 - 09:56 AM Accepted by SEC EDGAR 09/10/2026 - 09:56 AM Learn about SEC filing dates

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Wang Yuhua

(Last) (First) (Middle)

128 DINGXIN ROAD

(Street)

HAIZHU DISTRICT, GUANGZHOU 510220

(City) (State) (Zip)

CHINA

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/08/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A ordinary shares	09/08/2026		S(1)		2,499	D	$64.949	48,868	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The shares were sold in a "sell-to-cover" transaction to cover tax withholding obligations in connection with the vesting and settlement of restricted shares.

	/s/ Yuhua Wang	09/09/2026
	** 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 4 (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 4: SEC 1474 (03-26)