Form 4: Sun Jian David Sells 115,440 Shares of 111, Inc.

Sun Jian David, a director at 111, Inc., reported the sale of 115,440 Class A ordinary shares to cover tax withholding obligations.

Summary

• Sun Jian David, a director of 111, Inc. (YI), reported transactions involving Restricted Stock Units (RSUs) and Class A ordinary shares.
• The transactions include the acquisition of RSUs and the subsequent sale of shares to satisfy tax withholding obligations.
• Specifically, 29,280 shares were sold on May 26, 2026, 70,440 shares on May 27, 2026, 12,000 shares on June 9, 2026, 115,440 shares on June 10, 2026, 111,100 shares on June 11, 2026, and 58,800 shares on June 15, 2026.
• These sales were conducted at prices ranging from $0.22 to $0.27 per share.
• Following these transactions, Sun Jian David beneficially owns 413,211 Class A ordinary shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as the reported sales are standard transactions for tax withholding upon RSU vesting and do not indicate a change in the insider's fundamental view of the company's prospects.

Negatives

• Director Sun Jian David sold a significant number of shares (totaling 297,020 shares across multiple transactions between May 26 and June 15, 2026) to cover tax withholding obligations.
• The sales occurred at relatively low prices ($0.22 - $0.27), suggesting these were primarily for tax settlement rather than opportunistic selling at a higher price.

Future Outlook

The filing does not contain forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures of insider transactions and do not typically provide strategic insights. The sales reported here are specifically for tax withholding, a common practice upon vesting of equity awards.

Stakeholder Impact

• Shareholders: The sales are by a director and are for tax withholding, which is a standard event. The impact on share price is likely minimal unless the volume of sales is exceptionally large relative to trading volume.

Key Dates

Keywords

Form 4, SEC Filing, Insider Trading, Stock Sale, Tax Withholding, Restricted Stock Units, Class A Ordinary Shares, 111, Inc., YI, Director Transactions