CFO of VNET Group (VNET) reports 347,652 RSUs equity grant

Rhea-AI Filing Summary

VNET Group, Inc. filed an initial ownership report for Chief Financial Officer WANG QIYU, showing holdings of 347,652 Restricted Share Units (RSUs) tied to Class A ordinary shares. According to the disclosure, 173,826 RSUs vest on June 1, 2026 and another 173,826 RSUs vest on June 1, 2027.

Each RSU represents the right to receive one Class A ordinary share upon vesting, with an exercise price of zero and no expiration date. All RSUs are reported as directly owned by the CFO.

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

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1. Name and Address of Reporting Person^*

WANG QIYU

(Last) (First) (Middle)

GUANJIE BUILDING, SOUTHEAST 1ST FL 10#

JIUXIANQIAO EAST ROAD, CHAOYANG DISTRICT

(Street)

BEIJING F4 100016

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/17/2026

3. Issuer Name and Ticker or Trading Symbol
VNET Group, Inc. [ VNET ]

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

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

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

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)

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
Restricted Share Units (RSUs)	(1)	(2)	Class A ordinary shares	347,652	(1)	D

Explanation of Responses:

1. Represents RSUs granted to the reporting person pursuant to the issuer's share incentive plans, of which 173,826 RSUs will vest on June 1, 2026 and the remaining 173,826 RSUs will vest on June 1, 2027. Each RSU represents the contingent right to receive one (1) Class A ordinary share of the issuer upon vesting.

2. These RSUs do not have an expiration date.

	/s/ Qiyu Wang	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider position does the Form 3 show for VNET CFO WANG QIYU?

The Form 3 shows that VNET’s Chief Financial Officer WANG QIYU holds 347,652 Restricted Share Units (RSUs). These RSUs are linked to Class A ordinary shares and are reported as directly owned by the CFO.

How many RSUs does the VNET CFO hold according to this filing?

The filing reports that the VNET CFO holds 347,652 RSUs. These RSUs correspond to 347,652 Class A ordinary shares upon vesting, reflecting a sizable equity-based compensation position for the executive.

What is the vesting schedule for VNET CFO WANG QIYU’s RSUs?

The RSUs vest in two equal tranches of 173,826 units. One tranche will vest on June 1, 2026, and the remaining 173,826 RSUs will vest on June 1, 2027, subject to the plan terms.

What does each RSU reported by VNET’s CFO represent?

Each RSU reported by the VNET CFO represents the contingent right to receive one Class A ordinary share upon vesting. This means the 347,652 RSUs collectively correspond to 347,652 potential Class A ordinary shares.

Do the RSUs held by VNET’s CFO have an expiration date or exercise price?

The RSUs held by the VNET CFO have an exercise price of 0.0000 and no expiration date. They convert into Class A ordinary shares only upon vesting on the specified future dates.

Are the RSUs in the VNET Form 3 held directly or indirectly by the CFO?

The Form 3 indicates that the 347,652 RSUs are held with direct ownership by the CFO. The ownership type is coded as direct, without reference to any intermediary entities or indirect holding structures.