Zhihua Zhang - 31 Oct 2026 Form 4 Insider Report for VNET Group, Inc. (VNET)

Reporting relationship: SVP, Operational Finance
Issuer ticker: VNET
Reported as of: 31 Oct 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 03 Nov 2026, 08:14:31 UTC
Prior SEC filing: 19 May 2026
Source filing: View source filing
Reporting owner signature: /s/ Zhang Zhihua

Filing notes and source

Key filing fact

Zhihua Zhang filed Form 4 for VNET Group, Inc. (VNET) on 03 Nov 2026.

Key facts

This page summarizes Zhihua Zhang's Form 4 filing for VNET Group, Inc. (VNET).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 03 Nov 2026, 08:14.

Change

Previous filing in this sequence was filed on 19 May 2026.
Current net transaction value: $0.

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: 03 Nov 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: +79,200
Change %: +233%
Price: $0.000000^*
Shares after: 113,124
Date: 31 Oct 2026
Ownership: Direct
Footnotes: F1, F2

VNET transaction

Class A ordinary shares

Sale

Transaction value
Shares: -28,740
Change %: -25%
Price: $0.5472^*
Shares after: 84,384
Date: 02 Nov 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)

Options Exercise

Transaction value
Shares: -79,200
Change %: -50%
Price: $0.000000^*
Shares after: 79,200
Date: 31 Oct 2026
Ownership: Direct
Underlying class: Class A ordinary shares
Underlying amount: 79,200
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

The Class A ordinary shares are held in the form of American depositary shares ("ADS"). Each ADS represents six(6) Class A ordinary shares.

Footnote F2

Represents 79,200 Class A ordinary shares in the form of American depositary shares acquired upon the vesting of the same number of RSUs on October 31, 2026.

Footnote F3

Represents 28,740 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 79,200 RSUs vested on October 31, 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

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