Zhihua Zhang - 15 May 2026 Form 4 Insider Report for VNET Group, Inc. (VNET)

Reporting relationship: SVP, Operational Finance
Issuer ticker: VNET
Reported as of: 15 May 2026
Net transaction value: -$15,373
SEC form: 4
Accepted by SEC: 19 May 2026, 06:23:47 UTC
Prior SEC filing: 17 Mar 2026
Source filing: View source filing
Reporting owner signature: /s/ Zhang Zhihua

Key filing fact

Zhihua Zhang filed Form 4 for VNET Group, Inc. (VNET) on 19 May 2026.

Key facts

This page summarizes Zhihua Zhang's Form 4 filing for VNET Group, Inc. (VNET).
4 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 19 May 2026, 06:23.

Change

Previous filing in this sequence was filed on 17 Mar 2026.
Current net transaction value: -$15,373.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0002115285 Primary reporting owner

ZHANG ZHIHUA

Relationship: SVP, Operational Finance
Address: 10# JIU XIANQIAO EAST ROAD, CHAOYANG DISTRICT, BEIJING, CHINA
Signature: /s/ Zhang Zhihua
Signature date: 19 May 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

VNET transaction

Class A ordinary shares

Options Exercise

Transaction value
Shares: +42,996
Change %
Price: $0.000000^*
Shares after: 42,996
Date: 15 May 2026
Ownership: Direct
Footnotes: F1, F2

VNET transaction

Class A ordinary shares

Sale

Transaction value: $15,373
Shares: -9,072
Change %: -21%
Price: $1.69
Shares after: 33,924
Date: 18 May 2026
Ownership: Direct
Footnotes: F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

VNET transaction Derivative

Restricted Share Units (RSUs)

Award

Transaction value
Shares: +42,996
Change %: +27%
Price: $0.000000^*
Shares after: 201,396
Date: 15 May 2026
Ownership: Direct
Underlying class: Class A ordinary shares
Underlying amount: 42,996
Exercise price
Footnotes: F1, F4, F5

VNET transaction Derivative

Restricted Share Units (RSUs)

Options Exercise

Transaction value
Shares: -42,996
Change %: -21%
Price: $0.000000^*
Shares after: 158,400
Date: 15 May 2026
Ownership: Direct
Underlying class: Class A ordinary shares
Underlying amount: 42,996
Exercise price
Footnotes: F1, F2, F4, F5, F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

Represents Class A ordinary shares in the form of American depositary shares, each representing six Class A ordinary shares of the issuer.

Footnote F2

Represents 42,996 Class A ordinary shares in the form of American depositary shares acquired upon the vesting of the same number of RSUs on May 15, 2026.

Footnote F3

Represents 9072 Class A ordinary shares sold in the form of American depositary shares pursuant to a sell-to-cover arrangement for purposes of satisfying tax liabilities incurred upon vesting of restricted share units.

Footnote F4

Represents RSUs granted to the reporting person pursuant to the issuer's share incentive plans, of which 42,996 RSUs vested on May 15, 2026. Each RSU represents the contingent right to receive one (1) Class A ordinary share of the issuer upon vesting.

Footnote F5

These RSUs do not have an expiration date.

Footnote F6

For the remaining 158,400 RSUs granted to the reporting person pursuant to the issuer's share incentive plans, 79,200 RSUs will vest on October 31, 2026 and October 31, 2027, respectively. Each RSU represents the contingent right to receive one (1) Class A ordinary share of the issuer upon vesting.