VNET Group (VNET) director Chen David Lifeng sells 83,544 shares

Rhea-AI Filing Summary

VNET Group director Chen David Lifeng sold 83,544 Class A ordinary shares in an open-market transaction at an average price of $1.5055 per share. The transaction took place on March 23, 2026. After the sale, he directly holds 334,164 Class A ordinary shares, sold in the form of American depositary shares.

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

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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^*

Chen David Lifeng

(Last) (First) (Middle)

10# JIUXIANQIAO 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)
03/23/2026

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)	03/23/2026		S		83,544	D	$1.5055	334,164	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 83544 Class A ordinary shares sold in the form of American depositary shares, each representing six Class A ordinary shares of the issuer.

	/s/Chen David Lifeng	03/25/2026
	** 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 director Chen David Lifeng report?

Chen David Lifeng reported an open-market sale of 83,544 VNET Class A ordinary shares. The transaction was executed at an average price of $1.5055 per share and disclosed on a Form 4 insider trading report for regulatory transparency.

When did Chen David Lifeng sell VNET (VNET) shares and at what price?

He sold the shares on March 23, 2026, at an average price of $1.5055 per Class A ordinary share. This reflects a single open-market transaction reported under SEC rules applicable to company directors and other insiders.

How many VNET (VNET) shares does Chen David Lifeng hold after the sale?

After the sale, Chen David Lifeng directly holds 334,164 Class A ordinary shares of VNET Group. This post-transaction balance is reported in the Form 4 and reflects his remaining direct ownership following the disclosed disposition.

In what form were the sold VNET Class A shares held and traded?

The 83,544 Class A ordinary shares were sold in the form of American depositary shares. Each American depositary share represents six Class A ordinary shares of the issuer, according to the footnote disclosure in the insider transaction report.

Is the VNET (VNET) insider transaction an open-market sale or another type?

The transaction is classified as an open-market sale of non-derivative Class A ordinary shares. The Form 4 describes it as a sale in the open market or a private transaction, which is a common method for insiders to adjust their equity holdings.

Does the VNET insider filing involve derivative securities or only common shares?

The filing involves only non-derivative Class A ordinary shares and no derivative securities. The derivative position summary is empty, indicating no options, warrants, or other derivatives were exercised, converted, or otherwise transacted in this particular Form 4.