Chen David Lifeng, a director of VNET Group, Inc. (NASDAQ: VNET), filed a Form 4 on August 4, 2026, disclosing the vesting of restricted share units and the resulting acquisition of Class A ordinary shares on July 31, 2026.

Key Highlights

  • Transaction date: 83,544 RSUs vested on July 31, 2026, resulting in the acquisition of 83,544 Class A ordinary shares in the form of American depositary shares.
  • Transaction code: The transaction was coded "M," indicating an exercise or conversion of a derivative security.
  • Post-transaction ownership: Following the vesting, Chen David Lifeng directly beneficially owns 501,252 Class A ordinary shares.
  • Remaining RSUs: 417,708 RSUs remain outstanding, with scheduled future vesting dates through July 31, 2027, as disclosed in the filing.
  • Price of derivative: The RSUs converted at a price of $0 per derivative security, according to the filing.
  • ADS structure: Each American depositary share represents six Class A ordinary shares of the issuer, per the filing's explanatory note.

Chen David Lifeng RSU Vesting and Beneficial Ownership at VNET Group

According to the Form 4 filed with the U.S. Securities and Exchange Commission, Chen David Lifeng, identified as a director of VNET Group, Inc., reported a transaction coded "M" on July 31, 2026. The filing states that 83,544 restricted share units vested on that date, resulting in the acquisition of 83,544 Class A ordinary shares in the form of American depositary shares. The filing notes that each RSU represented "the contingent right to receive one (1) Class A ordinary share of the issuer upon vesting."

Following the reported transaction, the filing indicates that Chen David Lifeng directly beneficially owns 501,252 Class A ordinary shares. In Table II, the filing reports that 417,708 RSUs remain held directly after the transaction. The filing explains the vesting schedule for these remaining RSUs: 83,544 RSUs are each scheduled to vest on January 31, 2027, April 30, 2027, and October 31, 2027, respectively, while 83,538 RSUs are scheduled to vest on October 31, 2026, and July 31, 2027, respectively.

The filing further clarifies that the Class A ordinary shares reported are in the form of American depositary shares, with each ADS representing six Class A ordinary shares of the issuer. The reporting person's address is listed as Beijing, China. The Form 4 was signed by Chen David Lifeng and dated August 4, 2026.

What Was Disclosed

The filing disclosed the vesting of 83,544 RSUs by VNET Group director Chen David Lifeng on July 31, 2026, bringing his direct beneficial ownership to 501,252 Class A ordinary shares, with 417,708 RSUs remaining subject to future vesting schedules.