Director Chen Yang Luke granted 413,168 RSUs at 111, Inc. (YI) as equity awards

Q: What insider transactions did 111, Inc. (YI) report for Chen Yang Luke?

111, Inc. reported that director Chen Yang Luke received several RSU grants . These include 413,168 RSUs on May 12, 2026, 54,759 RSUs on May 11, 2026, and 126,295 RSUs on September 8, 2023, all as equity compensation.

Q: How many RSUs did Chen Yang Luke receive on May 12, 2026 from 111, Inc. (YI)?

On May 12, 2026, Chen Yang Luke received 413,168 RSUs (Class A) . Each RSU represents the right to receive one Class A ordinary share, subject to time-based vesting over four years, with potential pro rata vesting if his service ends other than for cause.

Q: What is the vesting schedule for Chen Yang Luke’s 413,168 RSUs at 111, Inc. (YI)?

The 413,168 RSUs vest in four equal parts of 25% on each of the first, second, third, and fourth anniversaries of May 12, 2026 . If his service ends in a vesting year other than for cause, that year’s portion vests pro rata by completed months.

Q: Were any of Chen Yang Luke’s RSU grants at 111, Inc. (YI) fully vested immediately?

Yes. A grant of 54,759 RSUs dated May 11, 2026 vested in full on the grant date. Each of these RSUs represents one Class A ordinary share, providing fully vested equity compensation rather than a multi-year vesting schedule.

Q: How many 111, Inc. (YI) shares or RSUs does Chen Yang Luke hold after these transactions?

After the reported transactions, Chen Yang Luke holds 594,222 Class A RSUs or shares directly. This figure reflects his total direct position following the latest RSU grant, as disclosed in the Form 4 filing.

Q: Are Chen Yang Luke’s recent Form 4 transactions in 111, Inc. (YI) market purchases or sales?

The reported transactions are RSU grants , not market trades. They are coded as “A” (grant, award, or other acquisition) , representing equity compensation awards with specified vesting terms, rather than open-market purchases or sales of existing shares.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Chen Yang Luke reported acquisition or exercise transactions in this Form 4 filing.

111, Inc. director Chen Yang Luke reported multiple grants of restricted stock units (RSUs) tied to the company’s Class A ordinary shares. On May 12, 2026, he received 413,168 RSUs (Class A), each representing one Class A ordinary share. This award vests in four equal annual installments on the first through fourth anniversaries of May 12, 2026, with pro rata vesting in a year if his service ends other than for cause.

The filing also shows a separate grant of 54,759 RSUs (Class A) dated May 11, 2026, which fully vested on the grant date, and an earlier grant of 126,295 RSUs dated September 8, 2023. Following the most recent grant, Luke directly holds 594,222 Class A RSUs or shares, reflecting his equity-based compensation rather than open-market purchases or sales.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Chen Yang Luke

Role null

Type	Security	Shares	Price	Value
Grant/Award	RSUs (Class A)	413,168	$0.00	--
Grant/Award	RSUs (Class A)	54,759	$0.00	--
Grant/Award	RSUs (Class A)	126,295	$0.00	--

Holdings After Transaction: RSUs (Class A) — 594,222 shares (Direct, null)

Footnotes (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 54,759 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.

Key Figures

RSU grant (May 12, 2026): 413,168 RSUs Immediate-vest RSU grant: 54,759 RSUs Prior RSU grant: 126,295 RSUs +2 more

5 metrics

RSU grant (May 12, 2026) 413,168 RSUs Class A RSUs granted to director, vesting over four years

Immediate-vest RSU grant 54,759 RSUs Class A RSUs granted May 11, 2026, fully vested on grant

Prior RSU grant 126,295 RSUs Class A RSUs granted September 8, 2023

Holdings after latest grant 594,222 shares/RSUs Total direct Class A position following May 12, 2026 grant

Transaction direction 3 acquisitions All coded “A” for grant/award acquisitions of RSUs

Key Terms

RSU, Class A ordinary share, vesting commencement date, Service Recipient, +2 more

6 terms

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.

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.

Service Recipient financial

"service with the Issuer or any Service Recipient (as defined in the applicable Award Agreement)"

Award Agreement financial

"Service Recipient (as defined in the applicable Award Agreement)"

An award agreement is a legal contract that spells out the terms of a pay or equity grant—such as stock options, restricted shares, or cash bonuses—given to an employee, director or consultant. It describes what is being granted, any conditions for keeping it (for example, earning it over time or meeting performance targets), and what happens if the person leaves or breaks rules. Investors care because these agreements affect company costs, potential share dilution and how executives are motivated and rewarded.

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 →

05/13/2026 - 07:21 AM

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 Yang Luke

(Last)

(First)

(Middle)

10TH FLOOR, T1, YUZHONGXIN

NO. 268 YUBEI ROAD, PUDONG NEW AREA

(Street)

SHANGHAI, P.R.C

201204

(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)

X	Director	10% 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)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
RSUs (Class A)⁽¹⁾	09/08/2023		A		126,295	D	$0.00	126,295	D
RSUs (Class A)⁽²⁾	05/11/2026		A		54,759	D	$0.00	181,054	D
RSUs (Class A)⁽³⁾	05/12/2026		A		413,168	D	$0.00	594,222	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 54,759 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/ Yang Chen	05/13/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did 111, Inc. (YI) report for Chen Yang Luke?

111, Inc. reported that director Chen Yang Luke received several RSU grants. These include 413,168 RSUs on May 12, 2026, 54,759 RSUs on May 11, 2026, and 126,295 RSUs on September 8, 2023, all as equity compensation.

How many RSUs did Chen Yang Luke receive on May 12, 2026 from 111, Inc. (YI)?

On May 12, 2026, Chen Yang Luke received 413,168 RSUs (Class A). Each RSU represents the right to receive one Class A ordinary share, subject to time-based vesting over four years, with potential pro rata vesting if his service ends other than for cause.

What is the vesting schedule for Chen Yang Luke’s 413,168 RSUs at 111, Inc. (YI)?

The 413,168 RSUs vest in four equal parts of 25% on each of the first, second, third, and fourth anniversaries of May 12, 2026. If his service ends in a vesting year other than for cause, that year’s portion vests pro rata by completed months.

Were any of Chen Yang Luke’s RSU grants at 111, Inc. (YI) fully vested immediately?

Yes. A grant of 54,759 RSUs dated May 11, 2026 vested in full on the grant date. Each of these RSUs represents one Class A ordinary share, providing fully vested equity compensation rather than a multi-year vesting schedule.

How many 111, Inc. (YI) shares or RSUs does Chen Yang Luke hold after these transactions?

After the reported transactions, Chen Yang Luke holds 594,222 Class A RSUs or shares directly. This figure reflects his total direct position following the latest RSU grant, as disclosed in the Form 4 filing.

Are Chen Yang Luke’s recent Form 4 transactions in 111, Inc. (YI) market purchases or sales?

The reported transactions are RSU grants, not market trades. They are coded as “A” (grant, award, or other acquisition), representing equity compensation awards with specified vesting terms, rather than open-market purchases or sales of existing shares.