VNET Group (VNET) director vests 83,544 RSUs, holds 501,252 shares

Rhea-AI Filing Summary

VNET Group, Inc. director David Lifeng Chen reported the vesting and exercise of 83,544 RSUs into the same number of Class A ordinary shares in the form of American depositary shares on July 31, 2026. After this, he held 501,252 Class A ordinary shares and 417,708 unvested RSUs scheduled to vest through 2027.

Insider Trade Summary

Net Buyer: 83,544 shares

Net Buy 2 txns

Insider Chen David Lifeng

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Share Units (RSUs) F3, F4, F1, F5	83,544	$0.00	$0.00
Exercise	Class A ordinary shares F1, F2	83,544	--	--

Holdings After Transaction: Restricted Share Units (RSUs) — 417,708 shares (Direct); Class A ordinary shares — 501,252 shares (Direct)

Footnotes (5)

1. F1. Represents Class A ordinary shares in the form of American depositary shares, each representing six Class A ordinary shares of the issuer.
2. F2. Represents 83,544 Class A ordinary shares in the form of American depositary shares acquired upon the vesting of the same number of RSUs on July 31, 2026.
3. F3. Each RSU represents the contingent right to receive one (1) Class A ordinary share of the issuer upon vesting.
4. F4. These RSUs were vested on July 31, 2026 and do not have an expiration date.
5. F5. For the remaining 417,708 RSUs granted to the reporting person pursuant to the issuer's share incentive plans, 83,544 RSUs will vest on January 31, 2027, April 30, 2027 and October 31, 2027, respectively, and 83,538 RSUs will vest on October 31, 2026 and July 31, 2027, respectively. Each RSU represents the contingent right to receive one (1) Class A ordinary share of the issuer upon vesting.

Key Figures

RSUs vested and exercised: 83,544 RSUs Post-transaction share holdings: 501,252 Class A ordinary shares Unvested RSUs remaining: 417,708 RSUs +3 more

6 metrics

RSUs vested and exercised 83,544 RSUs Vested and converted into Class A ordinary shares on July 31, 2026

Post-transaction share holdings 501,252 Class A ordinary shares Directly owned by David Lifeng Chen after the July 31, 2026 vesting

Unvested RSUs remaining 417,708 RSUs RSUs granted under share incentive plans with vesting dates in 2026 and 2027

Future vesting tranches 83,544 RSUs Scheduled to vest on January 31, 2027, April 30, 2027 and October 31, 2027

Additional vesting tranches 83,538 RSUs Scheduled to vest on October 31, 2026 and July 31, 2027

Exercise price per share 0.0000 Reported price per share for RSUs vesting into Class A ordinary shares

Key Terms

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

4 terms

Restricted Share Units (RSUs) financial

"Represents 83,544 Class A ordinary shares in the form of American depositary shares acquired upon the vesting of the same number of RSUs"

Restricted share units (RSUs) are a form of employee pay where a company promises to give shares (or their cash value) to workers after certain conditions, usually time or performance, are met. For investors, RSUs matter because they can increase the number of shares outstanding and signal how management is being paid and incentivized—think of them as delayed bonuses that convert into ownership when vesting conditions are satisfied.

American depositary shares financial

"Represents Class A ordinary shares 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.

Class A ordinary shares financial

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

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.

share incentive plans financial

"For the remaining 417,708 RSUs granted to the reporting person pursuant to the issuer's share incentive plans"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/04/2026 - 06:05 AM Accepted by SEC EDGAR 08/04/2026 - 06:03 AM Learn about SEC filing dates

FAQ

What insider transaction did VNET (VNET) director David Lifeng Chen report?

David Lifeng Chen reported vesting and exercising 83,544 RSUs into the same number of Class A ordinary shares on July 31, 2026. The shares are held in the form of American depositary shares, each representing six Class A ordinary shares of VNET Group, Inc.

How many VNET (VNET) shares does David Lifeng Chen hold after this Form 4 transaction?

Following the RSU vesting, David Lifeng Chen directly holds 501,252 Class A ordinary shares of VNET Group, Inc. These holdings reflect the addition of 83,544 shares acquired upon RSU vesting on July 31, 2026, as reported in the Form 4 filing.

What unvested RSUs remain for VNET (VNET) director David Lifeng Chen?

After this transaction, David Lifeng Chen has 417,708 unvested RSUs outstanding. These awards were granted under VNET’s share incentive plans and are scheduled to vest in multiple tranches across 2026 and 2027, each RSU settling into one Class A ordinary share upon vesting.

How are the remaining RSUs for VNET (VNET) director David Lifeng Chen scheduled to vest?

Of the 417,708 RSUs, 83,538 RSUs will vest on October 31, 2026 and July 31, 2027, while 83,544 RSUs will vest on January 31, 2027, April 30, 2027 and October 31, 2027. Each vested RSU delivers one Class A ordinary share.

Did David Lifeng Chen buy VNET (VNET) shares on the open market in this Form 4?

No open-market purchase is reported. The filing shows 83,544 Class A ordinary shares acquired upon vesting of the same number of RSUs at a stated price of 0.0000 per share, reflecting equity compensation vesting rather than a market transaction.

How are VNET (VNET) American depositary shares defined in this insider report?

The filing states that the reported holdings represent Class A ordinary shares in the form of American depositary shares, with each ADS representing six Class A ordinary shares of VNET Group, Inc. This structure affects how U.S. investors hold and trade the securities.

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^*

Chen David Lifeng

(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)
07/31/2026

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)	07/31/2026		M		83,544(2)	A	(2)	501,252	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
Restricted Share Units (RSUs)	(3)	07/31/2026		M			83,544	(4)	(4)	Class A ordinary shares(1)	83,544	$0	417,708(5)	D

Explanation of Responses:

1. Represents Class A ordinary shares in the form of American depositary shares, each representing six Class A ordinary shares of the issuer.

2. Represents 83,544 Class A ordinary shares in the form of American depositary shares acquired upon the vesting of the same number of RSUs on July 31, 2026.

3. Each RSU represents the contingent right to receive one (1) Class A ordinary share of the issuer upon vesting.

4. These RSUs were vested on July 31, 2026 and do not have an expiration date.

5. For the remaining 417,708 RSUs granted to the reporting person pursuant to the issuer's share incentive plans, 83,544 RSUs will vest on January 31, 2027, April 30, 2027 and October 31, 2027, respectively, and 83,538 RSUs will vest on October 31, 2026 and July 31, 2027, respectively. Each RSU represents the contingent right to receive one (1) Class A ordinary share of the issuer upon vesting.

	/s/Chen David Lifeng	08/04/2026
	** 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)