Vipshop CTO Tianmin Li sells 2,394 shares for taxes

The sale covered tax withholding obligations tied to the vesting and settlement of restricted shares.

Rhea-AI Filing Summary

Vipshop Holdings Ltd (VIPS) Chief Technology Officer Tianmin Li reported selling 2,394 Class A ordinary shares on October 13, 2026, at $64.0585 per share. The shares were sold in a sell-to-cover transaction to cover tax withholding obligations connected with restricted-share vesting and settlement. Li directly held 60,665 shares after the sale. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Net Seller: 2,394 shares

Net Sell 1 txn

Insider Li Tianmin

Role Chief Technology Officer

Sold 2,394 shs ($153K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares F1	2,394	$64.0585	$153K

Holdings After Transaction: Class A ordinary shares — 60,665 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: 2,394 shares Sale price: $64.0585 per share Direct shares held after sale: 60,665 shares

3 metrics

Shares sold 2,394 shares October 13, 2026; sell-to-cover transaction

Sale price $64.0585 per share October 13, 2026

Direct shares held after sale 60,665 shares After the October 13, 2026 sale

Key Terms

sell-to-cover, tax withholding obligations, vesting and settlement of restricted shares

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 of restricted shares financial

"in connection with 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 CTO Tianmin Li sell?

Tianmin Li sold 2,394 Class A ordinary shares on October 13, 2026, at $64.0585 per share. The sale was a sell-to-cover transaction for tax withholding obligations tied to restricted-share vesting and settlement; he directly held 60,665 shares afterward. No Rule 10b5-1 plan is reported.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 10/15/2026 - 06:22 AM EDT Accepted by SEC EDGAR 10/15/2026 - 06:21 AM EDT 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^*

Li Tianmin

(Last) (First) (Middle)

NO. 128 DINGXIN ROAD, HAIZHU DISTRICT

(Street)

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 Technology Officer

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)
			Code	V	Amount	(A) or (D)	Price
Class A ordinary shares	10/13/2026		S(1)		2,394	D	$64.0585	60,665	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/ Tianmin Li	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)