[144] VNET Group, Inc. SEC Filing

Rhea-AI Filing Summary

VNET Group, Inc. (VNET) filed a Form 144 reporting a proposed sale of 1,000 American Depositary Shares (ADS), each representing six Class A ordinary shares, through Futu Securities International (Hong Kong) Ltd. The filing lists an aggregate market value of $10,800 and an approximate sale date of 09/30/2025. The ADS were acquired on 05/27/2020 as vested RSUs following exercise, with 39,146 ADS noted as the amount acquired on that date. No securities of the issuer were reported sold by the seller in the past three months. The filer affirms there is no undisclosed material adverse information.

Insights

Securities Analyst

TL;DR: Insufficiently material insider sale; routine Rule 144 notice for 1,000 ADS valued at $10,800.

The Form 144 documents a planned sale under Rule 144 of 1,000 ADS via a Hong Kong broker, originating from RSUs vested and exercised on 05/27/2020. The reported aggregate value of $10,800 is immaterial relative to the issuer's large share count, and there are no reported sales in the prior three months. This filing is a compliance disclosure rather than an indicator of company-wide developments.

Corporate Governance Specialist

TL;DR: Administrative disclosure with standard seller representations; no governance red flags presented.

The seller attests to lack of undisclosed material adverse information and the filing references standard Rule 144 procedures. The acquisition trace shows the ADS came from vested RSUs, which supports routine insider liquidity rather than transfer from a third party. No unusual brokers, structured payments, or clustering of multiple recent sales are disclosed.

09/29/2025 - 06:40 AM

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
American Depositary Shares, each representing six Class A ordinary shares	Futu Securities International (Hong Kong) Ltd. 34/F, United Centre 95 Queensway Admiralty K3 000000	1000	10800.00	1583373683	09/30/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
American Depositary Shares, each representing six Class A ordinary shares	05/27/2020	RSU vested and exercised	VNET Group, Inc.			39146	05/27/2020	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What did VNET (VNET) disclose in this Form 144 filing?

The filing discloses a proposed sale of 1,000 ADS (each ADS = six Class A ordinary shares) with an aggregate market value of $10,800 and an approximate sale date of 09/30/2025.

How and when were the securities being sold acquired?

The ADS were acquired on 05/27/2020 as vested RSUs following exercise; the filing shows 39,146 ADS associated with that acquisition event.

Through which broker will the VNET ADS be sold?

The sale is to be executed through Futu Securities International (Hong Kong) Ltd. at the address provided in the filing.

Does the filer report other sales in the past three months?

The filing states Nothing to Report for securities sold during the past three months by the person for whose account the securities are to be sold.

What representation does the seller make about material information?

By signing the notice, the seller represents they do not know of any material adverse information about the issuer that has not been publicly disclosed.