VNET Group director Chen receives 83.5K shares

The director held 584,790 Class A ordinary shares directly after vesting; 334,170 remaining RSUs have scheduled vesting dates through October 31, 2027.

Available on EDGAR 11/03/2026 - 08:13 AM EST Accepted by SEC EDGAR 11/03/2026 - 08:13 AM EST Learn about SEC filing dates

Rhea-AI Filing Summary

VNET Group, Inc. director David Lifeng Chen vested 83,538 restricted share units on October 31, 2026, receiving 83,538 Class A ordinary shares in the form of ADSs; each ADS represents six Class A ordinary shares. After the transaction, he held 584,790 Class A ordinary shares directly and had 334,170 RSUs remaining.

Insider Trade Summary

83,538 shares exercised/converted

Exercise 2 txns

Insider Chen David Lifeng

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Share Units (RSUs) F3, F4, F5, F1, F6	83,538	$0.00	$0.00
Exercise	Class A ordinary shares F1, F2	83,538	--	--

Holdings After Transaction: Restricted Share Units (RSUs) — 334,170 contracts (Direct); Class A ordinary shares — 584,790 shares (Direct)

Holdings Before and After: Restricted Share Units (RSUs), 417,708 to 334,170 contracts (Direct); Class A ordinary shares, 501,252 to 584,790 shares (Direct)

Footnotes (6)

1. F1. The Class A ordinary shares are held in the form of American depositary shares ("ADS"). Each ADS represents six(6) Class A ordinary shares.
2. F2. Represents 83,538 Class A ordinary shares in the form of American depositary shares acquired upon the vesting of the same number of RSUs on October 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. Represents RSUs granted to the reporting person pursuant to the issuer's share incentive plans, of which 83,538 RSUs vested on October 31, 2026. Each RSU represents the contingent right to receive one (1) Class A ordinary share of the issuer upon vesting.
5. F5. These RSUs do not have an expiration date.
6. F6. For the remaining 334,170 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 July 31, 2027. Each RSU represents the contingent right to receive one (1) Class A ordinary share of the issuer upon vesting.

Key Figures

RSUs vested: 83,538 RSUs Class A ordinary shares received: 83,538 shares Direct Class A ordinary shares after transaction: 584,790 shares +2 more

5 metrics

RSUs vested 83,538 RSUs October 31, 2026

Class A ordinary shares received 83,538 shares Upon vesting on October 31, 2026; held in the form of ADSs

Direct Class A ordinary shares after transaction 584,790 shares After the October 31, 2026 transaction

Remaining RSUs 334,170 RSUs Scheduled vesting dates in 2027

ADS ratio 6 Class A ordinary shares per ADS Each ADS represents six Class A ordinary shares

Key Terms

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

3 terms

Restricted Share Units (RSUs) financial

"Represents RSUs granted to the reporting person"

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

"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.

share incentive plans financial

"pursuant to the issuer's share incentive plans"

FAQ

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

How many VNET RSUs did director David Lifeng Chen vest?

David Lifeng Chen vested 83,538 RSUs on October 31, 2026, and received 83,538 Class A ordinary shares in the form of ADSs. Each ADS represents six Class A ordinary shares. Afterward, he directly held 584,790 Class A ordinary shares.

When do David Lifeng Chen’s remaining VNET RSUs vest?

The remaining 334,170 RSUs are scheduled to vest in three installments of 83,544 RSUs on January 31, April 30 and October 31, 2027, and 83,538 RSUs on July 31, 2027. Each RSU represents the contingent right to receive one Class A ordinary share.

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

Form 4 Insider Transactions: What Each Field Means →

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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)
10/31/2026

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)	10/31/2026		M		83,538(2)	A	(2)	584,790	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)	10/31/2026		M			83,538	(4)	(5)	Class A ordinary shares(1)	83,538	$0	334,170(6)	D

Explanation of Responses:

1. The Class A ordinary shares are held in the form of American depositary shares ("ADS"). Each ADS represents six(6) Class A ordinary shares.

2. Represents 83,538 Class A ordinary shares in the form of American depositary shares acquired upon the vesting of the same number of RSUs on October 31, 2026.

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

4. Represents RSUs granted to the reporting person pursuant to the issuer's share incentive plans, of which 83,538 RSUs vested on October 31, 2026. Each RSU represents the contingent right to receive one (1) Class A ordinary share of the issuer upon vesting.

5. These RSUs do not have an expiration date.

6. For the remaining 334,170 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 July 31, 2027. Each RSU represents the contingent right to receive one (1) Class A ordinary share of the issuer upon vesting.

	/s/Chen David Lifeng	11/03/2026
	** 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)