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111, Inc. (YI) director granted over 790,000 RSUs in new awards

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Sun Jian David reported acquisition or exercise transactions in this Form 4 filing.

111, Inc. director Sun Jian David reported awards of restricted stock units (RSUs) tied to the company’s Class A ordinary shares. On May 11, 2026, he received 378,737 RSUs that vest in full on the grant date, giving an immediate right to the same number of Class A shares.

On May 12, 2026, he was granted a further 413,168 RSUs, scheduled to vest in four equal 25% installments on each anniversary of May 12, 2026, with pro rata vesting in certain termination scenarios. Earlier, on September 12, 2018, he had received 18,366 RSUs. Following the latest grant, his directly held RSUs total 810,271, reflecting compensation awards rather than open‑market share purchases or sales.

Positive

  • None.

Negative

  • None.
Insider Sun Jian David
Role null
Type Security Shares Price Value
Grant/Award RSUs (Class A) 413,168 $0.00 --
Grant/Award RSUs (Class A) 378,737 $0.00 --
Grant/Award RSUs (Class A) 18,366 $0.00 --
Holdings After Transaction: RSUs (Class A) — 810,271 shares (Direct, null)
Footnotes (1)
  1. Each RSU represents a contingent right to receive one Class A ordinary share. As of the date of this Form 4, all such RSUs have fully vested. Represent a grant of 378,737 RSUs, each RSU representing the right to receive one Class A ordinary share of the Issuer, with a grant date of May 11, 2026, which shall vest in full on the grant date. Represent a grant of 413,168 RSUs, each RSU representing the right to receive one Class A ordinary share of the Issuer, with a grant date of May 12, 2026 and a vesting commencement date of May 12, 2026. Each such grant shall vest as to 25% of the RSUs on each of the first, second, third and fourth anniversaries of May 12, 2026; provided, however, that if the Reporting Person's service with the Issuer or any Service Recipient (as defined in the applicable Award Agreement) terminates in any vesting year other than for Cause (as defined in the applicable Award Agreement), the portion otherwise scheduled to vest for such vesting year shall vest pro rata based on the number of full months actually served by the grantee during such vesting year, with one-twelfth (1/12) of the amount scheduled to vest for such vesting year vesting for each completed month of service in such year.
RSUs granted May 11, 2026 378,737 RSUs Grant vests in full on grant date
RSUs granted May 12, 2026 413,168 RSUs Grant vests 25% annually over four years
Earlier RSU grant 18,366 RSUs Grant dated September 12, 2018
Total RSUs after latest grant 810,271 RSUs Direct holdings following May 12, 2026 transaction
RSU-to-share ratio 1 RSU : 1 share Each RSU equals one Class A ordinary share
Annual vesting fraction <percent>25%</percent> per year For 413,168 RSUs starting May 12, 2026
RSU financial
"Each RSU represents a contingent right to receive one Class A ordinary share."
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
Class A ordinary share financial
"Each RSU represents a contingent right to receive one Class A ordinary share."
A Class A ordinary share is a type of common stock a company issues that carries a specific set of rights—most often particular voting power, dividend terms, or transfer rules—distinct from other share classes. For investors it matters because those rights affect control over company decisions, how income is paid out, and how easy shares are to buy or sell; think of it like a tiered ticket that gives different access and influence at the same event.
vest financial
"All such RSUs have fully vested."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
vesting commencement date financial
"With a grant date of May 12, 2026 and a vesting commencement date of May 12, 2026."
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
Cause financial
"Terminates in any vesting year other than for Cause (as defined in the applicable Award Agreement)."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Sun Jian David
(Last)(First)(Middle)
10TH FLOOR, T1, YUZHONGXIN
NO. 268 YUBEI ROAD, PUDONG NEW AREA
(Street)
SHANGHAI, P.R.C201204
(City)(State)(Zip)
CHINA
(Country)		2. Issuer Name and Ticker or Trading Symbol
111, Inc. [ YI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/11/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
RSUs (Class A)(1)09/12/2018A18,366D$0.0018,366D
RSUs (Class A)(2)05/11/2026A378,737D$0.00397,103D
RSUs (Class A)(3)05/12/2026A413,168D$0.00810,271D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Each RSU represents a contingent right to receive one Class A ordinary share. As of the date of this Form 4, all such RSUs have fully vested.
2. Represent a grant of 378,737 RSUs, each RSU representing the right to receive one Class A ordinary share of the Issuer, with a grant date of May 11, 2026, which shall vest in full on the grant date.
3. Represent a grant of 413,168 RSUs, each RSU representing the right to receive one Class A ordinary share of the Issuer, with a grant date of May 12, 2026 and a vesting commencement date of May 12, 2026. Each such grant shall vest as to 25% of the RSUs on each of the first, second, third and fourth anniversaries of May 12, 2026; provided, however, that if the Reporting Person's service with the Issuer or any Service Recipient (as defined in the applicable Award Agreement) terminates in any vesting year other than for Cause (as defined in the applicable Award Agreement), the portion otherwise scheduled to vest for such vesting year shall vest pro rata based on the number of full months actually served by the grantee during such vesting year, with one-twelfth (1/12) of the amount scheduled to vest for such vesting year vesting for each completed month of service in such year.
/s/ Jian Sun05/13/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What RSU grants did Sun Jian David report in this 111, Inc. (YI) Form 4?

He reported grants of 378,737 RSUs on May 11, 2026, and 413,168 RSUs on May 12, 2026, plus an earlier grant of 18,366 RSUs from 2018, all linked to Class A ordinary shares.

How many RSUs does Sun Jian David hold in 111, Inc. (YI) after these transactions?

After the most recent grant, he holds 810,271 RSUs directly. Each RSU represents a contingent right to receive one Class A ordinary share, so this figure reflects his total reported RSU-based equity awards as of the filing date.

How do the 111, Inc. (YI) RSUs granted on May 11, 2026 vest?

The 378,737 RSUs granted on May 11, 2026 vest in full on the grant date. This means the entire award becomes fully vested immediately, giving a right to receive the same number of Class A ordinary shares at once.

What is the vesting schedule for the 111, Inc. (YI) RSUs granted on May 12, 2026?

The 413,168 RSUs granted on May 12, 2026 vest 25% each year on the first four anniversaries of May 12, 2026, with pro rata vesting for certain non-cause terminations based on completed months of service in a vesting year.

Do the reported 111, Inc. (YI) RSU grants involve open-market share purchases or sales?

No, these entries reflect RSU compensation grants coded as “A” for awards. They are not open-market purchases or sales; instead, they represent equity-based compensation that converts into Class A ordinary shares as vesting conditions are met.