How are VNET Class A ordinary shares related to American depositary shares (ADSs)?

The footnotes state that VNET’s Class A ordinary shares can be represented by American depositary shares , with each ADS representing six Class A ordinary shares . This ratio matters for investors trading VNET primarily through ADSs in international markets.

VNET (VNET) director Kenneth Tai receives 243,768 RSUs in equity grant

Q: What did VNET (VNET) director Kenneth Tai report in this Form 4?

Director Kenneth Tai reported receiving a grant of 243,768 RSUs from VNET Group, Inc. The award is a stock-based compensation grant that will convert into Class A ordinary shares as the units vest over several future dates.

Q: How many VNET RSUs were granted to director Kenneth Tai and what do they represent?

Kenneth Tai received 243,768 Restricted Share Units (RSUs) . Each RSU represents a contingent right to receive one Class A ordinary share of VNET Group, Inc. upon vesting, tying his potential future ownership directly to the company’s share performance.

Q: What is the vesting schedule for Kenneth Tai’s 243,768 VNET RSUs?

The 243,768 RSUs vest in three equal annual tranches. 81,252 RSUs vest on December 13, 2026 , and 81,258 RSUs vest on December 13, 2027 and December 13, 2028 , encouraging longer-term alignment with VNET shareholders.

Q: Does Kenneth Tai pay anything for the newly granted VNET RSUs?

No cash price is listed for the grant; the Form 4 shows a $0.0000 transaction price per RSU. This indicates the award is part of equity compensation , not an open-market purchase of VNET shares by the director.

Q: How many RSUs does Kenneth Tai hold in VNET after this Form 4 transaction?

After the reported grant, Kenneth Tai holds 243,768 RSUs directly. These RSUs will settle into Class A ordinary shares only as they vest on the scheduled dates, giving him increasing share exposure over time if he remains eligible.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

TAI KENNETH reported acquisition or exercise transactions in this Form 4 filing.

VNET Group, Inc. director Kenneth Tai received a grant of 243,768 Restricted Share Units (RSUs) as equity compensation. Each RSU gives him the right to receive one Class A ordinary share when it vests. The award was granted under the company’s share incentive plans.

The RSUs vest over three years: 81,252 units on December 13, 2026, and 81,258 units on each of December 13, 2027 and December 13, 2028. After this grant, Tai holds 243,768 RSUs directly, aligning his compensation more closely with shareholder interests over a multi‑year period.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider TAI KENNETH

Role null

Type	Security	Shares	Price	Value
Grant/Award	Restricted Share Units (RSUs)	243,768	$0.00	--

Holdings After Transaction: Restricted Share Units (RSUs) — 243,768 shares (Direct, null)

Footnotes (1)

Represents RSUs granted to the reporting person pursuant to the issuer's share incentive plans, of which 81,252 RSUs will vest on December 13, 2026, and 81,258 RSUs will vest on December 13, 2027 and December 13, 2028, respectively. Each RSU represents the contingent right to receive one (1) Class A ordinary share of the issuer upon vesting. These RSUs do not have an expiration date. Represents Class A ordinary shares in the form of American depositary shares, each representing six (6) Class A ordinary shares of the issuer.

Key Figures

RSUs granted: 243,768 units First vesting tranche: 81,252 RSUs Second vesting tranche: 81,258 RSUs +4 more

7 metrics

RSUs granted 243,768 units Grant of Restricted Share Units reported on Form 4

First vesting tranche 81,252 RSUs Vesting on December 13, 2026

Second vesting tranche 81,258 RSUs Vesting on December 13, 2027

Third vesting tranche 81,258 RSUs Vesting on December 13, 2028

RSU price per unit $0.0000 per RSU Equity compensation grant, not an open-market purchase

ADS share ratio 1 ADS = 6 shares Each ADS represents six Class A ordinary shares

RSUs held after grant 243,768 RSUs Total RSU holdings following the reported transaction

Key Terms

Restricted Share Units (RSUs), share incentive plans, Class A ordinary shares, American depositary shares

4 terms

Class A ordinary shares financial

"Each RSU represents the contingent right to receive one (1) Class A ordinary share"

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

American depositary shares financial

"Represents Class A ordinary shares in the form of American depositary shares"

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

Form 4 Insider Transactions: What Each Field Means →

05/15/2026 - 06:36 AM

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^*

TAI KENNETH

(Last)

(First)

(Middle)

11F-4, NO. 412, SECTION 5,

ZHONGXIAO EAST ROAD

(Street)

TAIPEI

CALIFORNIA

110

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

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)
05/15/2026

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)

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)
Restricted Share Units (RSUs)	⁽¹⁾	05/15/2026		A		243,768		⁽¹⁾	⁽²⁾	Class A ordinary shares⁽³⁾	243,768	$0	243,768⁽¹⁾	D

Explanation of Responses:

1. Represents RSUs granted to the reporting person pursuant to the issuer's share incentive plans, of which 81,252 RSUs will vest on December 13, 2026, and 81,258 RSUs will vest on December 13, 2027 and December 13, 2028, respectively. 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.

3. Represents Class A ordinary shares in the form of American depositary shares, each representing six (6) Class A ordinary shares of the issuer.

	/s/ Kenneth Tai	05/15/2026
	** 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

FAQ

What did VNET (VNET) director Kenneth Tai report in this Form 4?

Director Kenneth Tai reported receiving a grant of 243,768 RSUs from VNET Group, Inc. The award is a stock-based compensation grant that will convert into Class A ordinary shares as the units vest over several future dates.

How many VNET RSUs were granted to director Kenneth Tai and what do they represent?

Kenneth Tai received 243,768 Restricted Share Units (RSUs). Each RSU represents a contingent right to receive one Class A ordinary share of VNET Group, Inc. upon vesting, tying his potential future ownership directly to the company’s share performance.

What is the vesting schedule for Kenneth Tai’s 243,768 VNET RSUs?

The 243,768 RSUs vest in three equal annual tranches. 81,252 RSUs vest on December 13, 2026, and 81,258 RSUs vest on December 13, 2027 and December 13, 2028, encouraging longer-term alignment with VNET shareholders.

Does Kenneth Tai pay anything for the newly granted VNET RSUs?

No cash price is listed for the grant; the Form 4 shows a $0.0000 transaction price per RSU. This indicates the award is part of equity compensation, not an open-market purchase of VNET shares by the director.

How many RSUs does Kenneth Tai hold in VNET after this Form 4 transaction?

After the reported grant, Kenneth Tai holds 243,768 RSUs directly. These RSUs will settle into Class A ordinary shares only as they vest on the scheduled dates, giving him increasing share exposure over time if he remains eligible.