A Form 4 filed on September 24, 2026 discloses changes in beneficial ownership of Class A ordinary share RSUs by Chen Yang Luke, a director of 111, Inc. (NASDAQ:YI), covering transactions dated as early as September 8, 2023 through September 23, 2026.

Key Highlights

  • Most recent sale: Chen Yang Luke sold 44,000 RSUs (Class A) on September 23, 2026 at $0.18 per share.
  • Remaining beneficial ownership: Following all reported transactions, the reporting person directly holds 451,462 RSUs (Class A).
  • RSU grants disclosed: Two grants were made in May 2026 - 54,759 RSUs vesting in full on the grant date of May 11, 2026, and 413,168 RSUs granted May 12, 2026 vesting 25% annually over four years.
  • Tax withholding sales: Sales of 1,440 shares on May 26, 2026 at $0.27 and 3,400 shares on May 27, 2026 at $0.25 were made to satisfy tax withholding obligations in connection with RSU vesting.
  • Earlier sales: 49,920 shares were sold on June 12, 2026 at $0.23 and 44,000 shares on June 15, 2026 at $0.23.
  • All ownership is direct: Every position and transaction reported is held or conducted directly by the reporting person.

Director RSU Activity at 111, Inc.: Grants, Vesting, and Sales Reported

According to the filing, Chen Yang Luke, identified as a director of 111, Inc. (NASDAQ:YI), reported a series of RSU acquisitions and disposals covering multiple transaction dates. The earliest acquisition listed is a grant of 126,295 RSUs dated September 8, 2023, with the filing noting that "as of the date of this Form 4, all such RSUs have fully vested." Two additional grants occurred in May 2026: 54,759 RSUs granted May 11, 2026, vesting in full on the grant date, and 413,168 RSUs granted May 12, 2026, vesting as to 25% on each of the first through fourth anniversaries of that date, subject to the pro-rata vesting provisions described in the filing for terminations other than for cause.

The filing also discloses a series of sale transactions coded "S." Two sales in late May 2026 - 1,440 shares at $0.27 on May 26 and 3,400 shares at $0.25 on May 27 - are described in the filing's footnotes as disposals "to satisfy tax withholding obligations in connection with the vesting of RSUs." These sales were made in the form of ADSs, with the May 26 sale representing 72 ADSs and the May 27 sale representing 170 ADSs. Two additional sales occurred in June 2026: 49,920 shares at $0.23 on June 12 and 44,000 shares at $0.23 on June 15. The most recent transaction is a sale of 44,000 shares on September 23, 2026 at $0.18 per share.

After all reported transactions, the filing states that Chen Yang Luke directly beneficially owns 451,462 RSUs (Class A). No derivative securities are reported in Table II of the filing. The Form 4 was signed by Yang Chen on September 24, 2026 and indicates the filing was made by one reporting person.

What Was Disclosed

The filing reports RSU grants totaling 594,222 shares across three award dates, followed by multiple sales reducing the reporting person's directly held position to 451,462 RSUs (Class A) as of September 23, 2026, with two sales explicitly tied to tax withholding on vested RSUs.