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Large RSU grants to 111, Inc. (YI) director boost reported holdings

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

Rhea-AI Filing Summary

Luo Jun Justin reported acquisition or exercise transactions in this Form 4 filing.

111, Inc. director Luo Jun Justin 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. On May 12, 2026, he received a further 413,168 RSUs that vest 25% on each of the first four anniversaries of May 12, 2026, with pro rata vesting in a year if his service ends other than for cause. Earlier, on September 12, 2018, he was granted 18,366 RSUs. Following the most recent grant, his direct holdings reported in this filing include 810,271 RSUs.

Positive

  • None.

Negative

  • None.
Insider Luo Jun Justin
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 of RSUs (Class A) that vest in full on grant date
RSUs granted May 12, 2026 413,168 RSUs Grant of RSUs (Class A) with four-year vesting schedule
Historic RSU grant 18,366 RSUs RSUs granted on September 12, 2018
Holdings after latest grant 810,271 RSUs Total direct RSUs following May 12, 2026 transaction
RSU-to-share ratio 1 RSU : 1 share Each RSU represents one Class A ordinary share
Vesting cadence 25% per year Four annual tranches starting from May 12, 2026 for 413,168 RSUs
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 representing the right to receive one Class A ordinary share of the Issuer."
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.
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)."
pro rata financial
"The portion otherwise scheduled to vest for such vesting year shall vest pro rata based on the number of full months actually served."
Pro rata means dividing or distributing something proportionally based on a specific factor, such as ownership or contribution. For example, if an investor owns 10% of a company, they would receive 10% of any dividends or benefits allocated. This approach ensures everyone gets their fair share relative to their stake or input, helping investors understand how benefits, costs, or responsibilities are fairly shared.
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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*
Luo Jun Justin
(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/ Jun Luo05/13/2026
** 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 insider transaction did YI director Luo Jun Justin report on this Form 4?

Director Luo Jun Justin reported receiving several grants of RSUs linked to 111, Inc.’s Class A ordinary shares. These awards reflect stock-based compensation rather than open-market purchases or sales, and are documented as grant or award acquisitions on specific grant dates.

How many RSUs did YI’s director receive in the latest grants?

He received 378,737 RSUs granted on May 11, 2026 and 413,168 RSUs granted on May 12, 2026. Each RSU represents the right to receive one Class A ordinary share of 111, Inc., according to the filing’s footnotes.

What are the vesting terms for the 413,168 RSUs granted to YI’s director?

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

When do the 378,737 RSUs granted to the YI director vest?

The 378,737 RSUs granted on May 11, 2026 vest in full on the grant date. The filing notes that each of these RSUs represents the right to receive one Class A ordinary share of 111, Inc. upon settlement, subject to the plan terms.

How many RSUs does the YI director hold after these transactions?

After the May 12, 2026 grant of 413,168 RSUs, Luo Jun Justin’s direct holdings reported in that line total 810,271 RSUs. This figure reflects his reported RSU position following that specific transaction in the Form 4 table.