Vipshop (NYSE: VIPS) CFO sells 2,589 shares in tax-related sell-to-cover move

Rhea-AI Filing Summary

Vipshop Holdings Ltd Chief Financial Officer Yuhua Wang sold 2,589 Class A ordinary shares of the company at an average price of $69.117 per share. According to the disclosure, this was a sell-to-cover transaction to satisfy tax withholding triggered by the vesting and settlement of restricted shares, rather than a discretionary open-market sale. After this tax-related sale, Wang directly holds 51,367 Class A ordinary shares.

Insider Trade Summary

Net Seller: 2,589 shares ($178,944)

Net Sell 1 txn

Insider Wang Yuhua

Role Chief Financial Officer

Sold 2,589 shs ($179K)

Type	Security	Shares	Price	Value
Sale	Class A ordinary shares	2,589	$69.117	$179K

Holdings After Transaction: Class A ordinary shares — 51,367 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares sold: 2,589 shares Sale price: $69.117 per share Shares held after: 51,367 shares +1 more

4 metrics

Shares sold 2,589 shares Class A ordinary shares sold in sell-to-cover on 2026-06-09

Sale price $69.117 per share Average price for 2,589 shares sold

Shares held after 51,367 shares Direct Class A ordinary share holdings after transaction

Net shares sold 2,589 shares Net-sell direction per transaction summary

Key Terms

sell-to-cover, restricted shares, Form 4

3 terms

sell-to-cover financial

"The shares were sold in a "sell-to-cover" transaction to cover tax withholding obligations"

Sell-to-cover is when part of newly issued or exercised company stock is immediately sold to pay required taxes and fees, so the recipient keeps the remaining shares. For investors this matters because it reduces the number of shares insiders or employees actually hold after a grant, can create small, routine share sales that aren’t signal of cashing out, and slightly increases share supply on the market—like selling a portion of a paycheck to cover the tax bill.

restricted shares financial

"in connection with the vesting and settlement of restricted shares"

Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/11/2026 - 07:51 AM Accepted by SEC EDGAR 06/11/2026 - 07:50 AM Learn about SEC filing dates

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^*

Wang Yuhua

(Last) (First) (Middle)

128 DINGXIN ROAD

(Street)

HAIZHU DISTRICT, GUANGZHOU 510220

(City) (State) (Zip)

CHINA

(Country)

2. Issuer Name and Ticker or Trading Symbol
Vipshop Holdings Ltd [ VIPS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/09/2026

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)
			Code	V	Amount	(A) or (D)	Price
Class A ordinary shares	06/09/2026		S(1)		2,589	D	$69.117	51,367	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The shares were sold in a "sell-to-cover" transaction to cover tax withholding obligations in connection with the vesting and settlement of restricted shares.

	/s/ Yuhua Wang	06/11/2026
	** 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)

FAQ

What insider transaction did Vipshop (VIPS) report for CFO Yuhua Wang?

Vipshop reported that CFO Yuhua Wang sold 2,589 Class A ordinary shares. The shares were sold in a sell-to-cover transaction to pay tax withholding obligations arising from the vesting and settlement of restricted shares, rather than a discretionary open-market sale.

At what price did Vipshop (VIPS) CFO Yuhua Wang sell shares?

CFO Yuhua Wang’s 2,589 Class A ordinary shares were sold at an average price of $69.117 per share. The transaction was specifically to cover tax withholding obligations connected to newly vested restricted shares, according to the Form 4 footnote disclosure.

How many Vipshop (VIPS) shares does CFO Yuhua Wang own after the sale?

Following the sell-to-cover transaction, CFO Yuhua Wang directly holds 51,367 Class A ordinary shares. This indicates that the 2,589 shares sold for tax withholding represent only a portion of her total direct holdings in Vipshop after the restricted shares vested.

Was the Vipshop (VIPS) CFO share sale a discretionary open-market transaction?

The sale was not a purely discretionary open-market trade. The Form 4 footnote states the 2,589 shares were sold in a sell-to-cover transaction to satisfy tax withholding obligations tied to vesting and settlement of restricted shares.

What does a sell-to-cover transaction mean for Vipshop (VIPS) insiders?

A sell-to-cover transaction means shares are sold automatically to pay taxes due when restricted stock vests. For Vipshop’s CFO, 2,589 shares were sold solely to cover tax withholding, while she retained 51,367 Class A ordinary shares afterward, as disclosed in the Form 4.