Vipshop director Chun Liu sells 181 Class A shares

Q: How many VIPS shares did director Chun Liu sell, and at what price?

Chun Liu, a director of Vipshop Holdings Ltd (VIPS), sold 181 Class A ordinary shares on October 13, 2026, at 63.8505 per share. The sell-to-cover transaction covered tax withholding obligations connected with vesting and settlement of restricted shares; no Rule 10b5-1 plan is reported.

Q: How many VIPS shares did Chun Liu hold after the sale?

The transaction reported 5,938 Class A ordinary shares held directly by Chun Liu following the sale. A separate holding entry lists 10,113 Class A ordinary shares held indirectly through Big dream investments Limited, which is described as a controlled corporation of Chun Liu.

The shares were sold in a sell-to-cover transaction to cover tax withholding obligations tied to vesting and settlement of restricted shares.

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Rhea-AI Filing Summary

Vipshop Holdings Ltd director Chun Liu sold 181 Class A ordinary shares on October 13, 2026, at 63.8505 per share. The transaction row reports 5,938 shares held directly following the sale; a separate holding entry lists 10,113 shares held indirectly through Big dream investments Limited, described as a controlled corporation of Chun Liu.

Insider Trade Summary

Net Seller: 181 shares

Net Sell 2 txns

Insider Liu Chun

Role Director

Sold 181 shs ($12K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares ^F1	181	$63.8505	$12K
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Class A ordinary shares — 5,938 shares (Direct); Class A ordinary shares — 10,113 shares (Indirect, By Big dream investments Limited, a controlled corporation of the reporting person.)

Footnotes (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: 181 Class A ordinary shares Sale price: 63.8505 per share Direct holdings following transaction: 5,938 Class A ordinary shares +1 more

4 metrics

Shares sold 181 Class A ordinary shares October 13, 2026

Sale price 63.8505 per share October 13, 2026

Direct holdings following transaction 5,938 Class A ordinary shares Reported following the October 13, 2026 sale

Indirect holdings 10,113 Class A ordinary shares Held through Big dream investments Limited, a controlled corporation of Chun Liu

Key Terms

sell-to-cover, tax withholding obligations, vesting and settlement

3 terms

sell-to-cover financial

"sold in a "sell-to-cover" transaction"

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

"to cover tax withholding obligations"

vesting and settlement financial

"the vesting and settlement of restricted shares"

FAQ

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

How many VIPS shares did director Chun Liu sell, and at what price?

Chun Liu, a director of Vipshop Holdings Ltd (VIPS), sold 181 Class A ordinary shares on October 13, 2026, at 63.8505 per share. The sell-to-cover transaction covered tax withholding obligations connected with vesting and settlement of restricted shares; no Rule 10b5-1 plan is reported.

How many VIPS shares did Chun Liu hold after the sale?

The transaction reported 5,938 Class A ordinary shares held directly by Chun Liu following the sale. A separate holding entry lists 10,113 Class A ordinary shares held indirectly through Big dream investments Limited, which is described as a controlled corporation of Chun Liu.

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

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Available on EDGAR 10/15/2026 - 06:17 AM EDT Accepted by SEC EDGAR 10/15/2026 - 06:17 AM EDT

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^*

Liu Chun

(Last)

(First)

(Middle)

TOWER B, POSCO CENTER,

HONGTAI EAST STREET, CHAOYANG DISTRICT

(Street)

BEIJING

100102

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/13/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A ordinary shares	10/13/2026		S⁽¹⁾		181	D	$63.8505	5,938	D
Class A ordinary shares								10,113	I	By Big dream investments Limited, a controlled corporation of the reporting person.

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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/ Chun Liu	10/15/2026
	** 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)

Source: View Original Filing on SEC EDGAR