Welcome to our dedicated page for VNET GROUP SEC filings (Ticker: VNET), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
VNET Group, Inc. filings document its China internet data center business and its obligations as a Nasdaq-listed foreign private issuer. Form 6-K reports include operating and financial results, leadership and director changes, finance oversight roles, material-event disclosures and exhibits tied to company press releases. Its Form 20-F annual reporting covers audited consolidated financial statements and broader foreign-issuer disclosure.
The filing record also documents VNET’s capital structure, including amended 2% convertible notes due 2027, Series A perpetual convertible preferred shares, indentures, investment-agreement amendments, shareholder voting matters and related governance rights. These disclosures connect the company’s IDC, cloud and business VPN operations with formal reporting on governance, financing arrangements and ADS holder information.
VNET Group SVP of Operational Finance, Zhang Zhihua, reported RSU vesting, a new RSU grant, and a small tax-related sale of shares. On May 15, 2026, 42,996 Restricted Share Units vested and were converted into the same number of Class A ordinary shares, and 42,996 new RSUs were granted.
To cover tax liabilities from the vesting, 9,072 Class A ordinary shares were sold at an average price of $1.6946 per share on May 18, 2026, leaving 33,924 shares held directly afterward. The filing also notes 158,400 unvested RSUs remaining, with 79,200 scheduled to vest on October 31, 2026 and 79,200 on October 31, 2027.
VNET Group’s largest Schedule 13D holder is exiting its position through a structured block sale. Shandong Hi-Speed Holdings Group Limited, via its subsidiaries Success Flow and Choice Faith, agreed to sell 650,424,192 Class A Ordinary Shares to PJ Millennium I and II for cash consideration of US$942,182,804.
The sale shares comprise 455,296,932 shares from Success Flow and 195,127,260 shares from Choice Faith, representing 38.1% of the issuer’s 1,708,149,858 Ordinary Shares outstanding as of March 31, 2026. Purchasers will pay a 30% deposit, with closing conditional on SDHG shareholder approval and specified Hong Kong regulatory clearances, and scheduled for the later of the third business day after those conditions are met and October 30, 2026. If the transaction closes, the reporting persons will own under 5% and treat this amendment as an exit filing, ending their Schedule 13D reporting.
VNET Group’s founder, Sheng Chen, and affiliated entities filed Amendment No. 10 to their Schedule 13D to reflect a major share purchase and voting arrangement. Chen beneficially owns 553,737,207 ordinary shares, or 32.4% of VNET’s total 1,708,149,858 outstanding ordinary shares as of March 31, 2026.
On May 13, 2026, non‑controlled affiliates of Contemporary Amperex Technology Co., Limited agreed to buy up to 650,424,192 Class A ordinary shares from Investor A and Investor B. At closing, Chen will lose voting power over 455,296,932 Investor A shares but gain shared voting power over up to 325,212,096 shares held by the buyers under a voting and consortium agreement. After the transaction closes, his beneficial ownership could be up to 423,652,371 shares, representing up to 24.8% of outstanding shares and up to 34.3% of voting power.
TAI KENNETH reported acquisition or exercise transactions in this Form 4 filing.
VNET Group, Inc. director Kenneth Tai received a grant of 243,768 Restricted Share Units (RSUs) as equity compensation. Each RSU gives him the right to receive one Class A ordinary share when it vests. The award was granted under the company’s share incentive plans.
The RSUs vest over three years: 81,252 units on December 13, 2026, and 81,258 units on each of December 13, 2027 and December 13, 2028. After this grant, Tai holds 243,768 RSUs directly, aligning his compensation more closely with shareholder interests over a multi‑year period.
Shao Sean reported acquisition or exercise transactions in this Form 4 filing.
VNET Group, Inc. director Sean Shao received a grant of 243,768 restricted share units (RSUs) as equity compensation. All 243,768 RSUs are held directly and each RSU gives the right to receive one Class A ordinary share upon vesting.
According to the grant terms, 81,252 RSUs will vest on December 13, 2026, and 81,258 RSUs will vest on each of December 13, 2027 and December 13, 2028. These RSUs do not have an expiration date. The underlying Class A ordinary shares may be received in the form of American depositary shares, each representing six Class A ordinary shares.
VNET Group, Inc. director UENO Yoshihisa reported an award of 731,304 Restricted Share Units (RSUs) indirectly held through Synapse Partners Limited, which is wholly owned by him. The RSUs were granted under the company’s share incentive plans and carry no exercise price.
According to the award terms, 243,768 RSUs are scheduled to vest on each of December 13, 2026, December 13, 2027, and December 13, 2028. Each RSU gives a contingent right to receive one Class A ordinary share upon vesting, and the filing notes these RSUs do not have an expiration date.
VNET Group, Inc. announced a major secondary share transaction in which PJ Millennium I Limited and PJ Millennium II Limited will purchase from existing shareholders up to 650,424,192 Class A ordinary shares at US$1.4486 per share, equivalent to US$8.6914 per ADS.
The buyers are subsidiaries of PJ Millennium Limited Partnership, whose general partner is a non-controlled, non-consolidated affiliate of Contemporary Amperex Technology Co., Limited. After closing, they are expected to hold up to about 38.1% of VNET’s total issued and outstanding shares, based on 1,708,149,858 ordinary shares as of March 31, 2026.
The deal is subject to conditions, including approval by shareholders of Shandong Hi-Speed Holdings Group Limited, and is expected to close in the fourth quarter of 2026. Concurrent investor rights and voting agreements align the new investors with VNET’s founder to support stability of control and longer-term strategic collaboration.
VNET Group, Inc. director Chen David Lifeng acquired 83,544 Class A ordinary shares through the vesting and exercise of an equal number of restricted share units on April 30, 2026. These shares are in the form of American depositary shares, each representing six Class A ordinary shares.
Following the transaction, he holds 417,708 Class A ordinary shares directly and retains 501,252 unvested RSUs granted under the company’s share incentive plans. The remaining RSUs vest in scheduled tranches through October 31, 2027, with each RSU convertible into one Class A ordinary share.
VNET Group, Inc. reported that Chief Financial Officer Qiyu Wang will resign for personal reasons, effective April 30, 2026. The company states his departure is not related to its operations, policies, practices, or accounting matters. Founder and Executive Chairperson Josh Sheng Chen thanked Wang for his financial discipline and strategic contributions.
The company highlights that in February 2026 it appointed Peter Zhihua Zhang as Senior Vice President, Operational Finance and as its principal accounting officer, overseeing financial operations. VNET reiterates its role as a leading carrier- and cloud-neutral internet data center services provider in China, serving over 7,000 enterprise customers across more than 30 cities.
VNET Group, Inc. files its Form 20-F for the year ended December 31, 2025, detailing results and extensive China-related risks. Hosting and related service revenue rose to RMB9,949.3 million, up from RMB8,259.1 million in 2024 and RMB7,412.9 million in 2023, a 15.9% CAGR.
The company operates PRC data-center and value-added telecom businesses through variable interest entities (VIEs), meaning ADS investors hold equity in the Cayman holding company, not the PRC operating entities. Management highlights legal uncertainties around the VIE structure and notes PRC authorities could disallow these arrangements.
VNET also outlines risks from PRC cybersecurity, data security and cross-border data rules, HFCA Act-driven potential U.S. trading prohibitions if PCAOB access changes, and multiple layers of PRC foreign-exchange and tax constraints on moving cash and paying dividends offshore.