VNET (VNET) director Sean Shao sells 60,000 shares, keeps major stake

Rhea-AI Filing Summary

VNET Group director Sean Shao sold shares in the company. On June 1, 2026, he completed an open-market sale of 60,000 Class A ordinary shares, at an average price of $1.7133 per share.

The shares were sold in the form of American depositary shares, with each ADS representing six Class A ordinary shares. After this transaction, Shao directly holds 983,820 Class A ordinary shares, indicating he retains a substantial stake in VNET Group.

Insider Trade Summary

Net Seller: 60,000 shares ($102,798)

Net Sell 1 txn

Insider Shao Sean

Role null

Sold 60,000 shs ($103K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares	60,000	$1.7133	$103K

Holdings After Transaction: Class A ordinary shares — 983,820 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares sold: 60,000 Class A ordinary shares Sale price: $1.7133 per share Shares held after sale: 983,820 Class A ordinary shares +2 more

5 metrics

Shares sold 60,000 Class A ordinary shares Open-market sale on June 1, 2026

Sale price $1.7133 per share Average price for Class A ordinary shares sold

Shares held after sale 983,820 Class A ordinary shares Direct ownership following the transaction

ADS ratio 1 ADS = 6 Class A ordinary shares Structure of American depositary shares used in sale

Net share change -60,000 shares Net effect of reported insider transactions

Key Terms

American depositary shares, open-market sale, Class A ordinary shares, Form 4

4 terms

American depositary shares financial

"sold in the form of American depositary shares, each representing six Class A ordinary 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.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Class A ordinary shares financial

"Represents 60,000 Class A ordinary shares sold in the form of American depositary shares"

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.

Form 4 regulatory

"This Form 4 filing reports an open-market sale of 60,000 Class A ordinary shares"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

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^*

Shao Sean

(Last) (First) (Middle)

10# JIU XIANQIAO EAST ROAD,

CHAOYANG DISTRICT

(Street)

BEIJING 100016

(City) (State) (Zip)

CHINA

(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)
06/01/2026

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(1)	06/01/2026		S		60,000	D	$1.7133	983,820	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. Represents 60,000 Class A ordinary shares sold in the form of American depositary shares, each representing six Class A ordinary shares of the issuer.

	/s/ Sean Shao	06/03/2026
	** 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)

FAQ

What insider transaction did VNET (VNET) report for Sean Shao?

VNET reported that director Sean Shao executed an open-market sale of 60,000 Class A ordinary shares on June 1, 2026. The sale involved shares represented by American depositary shares, each ADS corresponding to six Class A ordinary shares.

At what price were Sean Shao’s VNET shares sold in this Form 4?

The reported open-market sale was executed at an average price of $1.7133 per Class A ordinary share. This price applies to the shares underlying the American depositary shares, which each represent six Class A ordinary shares of VNET Group.

How many VNET shares does Sean Shao hold after the reported sale?

Following the transaction, Sean Shao directly holds 983,820 Class A ordinary shares of VNET Group. This post-transaction balance shows he continues to own a substantial number of shares despite the 60,000-share open-market sale reported in the Form 4.

How were the sold VNET shares structured in this insider transaction?

The 60,000 Class A ordinary shares were sold in the form of American depositary shares (ADS). Each ADS represents six Class A ordinary shares of VNET Group, so the transaction involves shares held and traded via this depositary share structure.

What type of transaction is shown in VNET’s Form 4 for Sean Shao?

The Form 4 lists the transaction as an open-market sale of non-derivative securities, coded “S.” This indicates a standard sale of Class A ordinary shares, rather than an option exercise, gift, tax withholding, or other non-market mechanism.