VNET director granted 243,768 RSUs

Shao Sean reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Shao Sean reported acquisition or exercise transactions in this Form 4 filing.

VNET Group, Inc. director Sean Shao received a grant of 243,768 restricted share units (RSUs) as equity compensation. All 243,768 RSUs are held directly and each RSU gives the right to receive one Class A ordinary share upon vesting.

According to the grant terms, 81,252 RSUs will vest on December 13, 2026, and 81,258 RSUs will vest on each of December 13, 2027 and December 13, 2028. These RSUs do not have an expiration date. The underlying Class A ordinary shares may be received in the form of American depositary shares, each representing six Class A ordinary shares.

Insider Trade Summary

Grant/Award: 243,768 shares

Grant/Award 1 txn

Insider Shao Sean

Role Director

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

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

Footnotes (3)

1. F1. 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. F2. These RSUs do not have an expiration date.
3. F3. 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 RSUs Total RSUs held after grant: 243,768 RSUs 2026 vesting tranche: 81,252 RSUs +4 more

7 metrics

RSUs granted 243,768 RSUs Grant to director Sean Shao

Total RSUs held after grant 243,768 RSUs Direct ownership following transaction

2026 vesting tranche 81,252 RSUs Scheduled to vest on December 13, 2026

2027 vesting tranche 81,258 RSUs Scheduled to vest on December 13, 2027

2028 vesting tranche 81,258 RSUs Scheduled to vest on December 13, 2028

RSU to share ratio 1 RSU : 1 Class A share Each RSU delivers one Class A ordinary share upon vesting

ADS to share ratio 1 ADS : 6 Class A shares Each American depositary share represents six Class A ordinary shares

Key Terms

Restricted Share Units (RSUs), share incentive plans, Class A ordinary shares, American depositary shares, +1 more

5 terms

Restricted Share Units (RSUs) financial

"Represents RSUs granted to the reporting person pursuant to the issuer's share incentive plans"

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.

share incentive plans financial

"RSUs granted to the reporting person pursuant to the issuer's share incentive plans"

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.

contingent right financial

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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What equity award did VNET (VNET) director Sean Shao receive?

Sean Shao received a grant of 243,768 restricted share units (RSUs) in VNET Group, Inc. The award is equity compensation, not an open-market purchase, and each RSU represents a right to receive one Class A ordinary share upon vesting.

How are Sean Shao’s 243,768 VNET RSUs scheduled to vest?

The 243,768 RSUs vest in three tranches: 81,252 RSUs vest on December 13, 2026, and 81,258 RSUs vest on each of December 13, 2027 and December 13, 2028, subject to the award’s terms.

What does each VNET RSU granted to Sean Shao represent?

Each RSU granted to Sean Shao represents a contingent right to receive one Class A ordinary share of VNET Group, Inc. The shares are issued only when the RSUs vest under the company’s share incentive plans.

Do the RSUs granted to VNET director Sean Shao have an expiration date?

The RSUs granted to Sean Shao do not have an expiration date. They remain outstanding under the grant terms and convert into Class A ordinary shares only upon satisfying the specified vesting schedule and other plan conditions.

How do VNET American depositary shares relate to the RSUs granted?

The underlying Class A ordinary shares may be held as American depositary shares (ADSs), with each ADS representing six Class A ordinary shares. The RSUs themselves track Class A ordinary shares, which can be reflected in ADS form.

Is Sean Shao’s VNET Form 4 transaction a stock purchase or sale?

The Form 4 reports a grant of RSUs, not a stock purchase or sale. It is classified as a grant, award, or other acquisition of 243,768 RSUs provided as compensation under VNET’s share incentive plans.

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

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Accepted by SEC EDGAR 05/15/2026 - 06:33 AM Learn about SEC filing dates

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)
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)
			Code	V	Amount	(A) or (D)	Price

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)	(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/ Sean Shao	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)