VNET Group Insider Chen Files Ownership Change

TL;DR

**VNET Group insider Chen filed a Form 4, signaling a change in his stock ownership.**

AI Summary

This Form 4 filing, dated March 25, 2026, reports that David Lifeng Chen, a reporting person for VNET Group, Inc. (CIK: 0001508475), has filed a statement of changes in beneficial ownership of securities. While the filing itself doesn't detail specific transactions, it indicates that Mr. Chen, whose business address is Guanjie Building, Southeast 1st Floor, 10# Jiuxianqiao East Road, Beijing, has had a change in his ownership stake. This matters to investors because changes in ownership by key insiders like Mr. Chen can signal their confidence (or lack thereof) in the company's future prospects, potentially influencing stock price.

Why It Matters

Insider transaction filings like this provide transparency into how key executives and directors are managing their personal holdings in the company, which can be a leading indicator for other investors.

Risk Assessment

Risk Level: low — This filing is purely informational and does not inherently pose a direct risk, but rather provides data for risk assessment.

Analyst Insight

Smart investors should monitor subsequent filings or the full Form 4 document to understand the specific nature (buy or sell) and size of the transaction by David Lifeng Chen, as this will provide more actionable insight into his confidence in VNET Group, Inc.

Key Players & Entities

• Chen David Lifeng (person) — Reporting Person for VNET Group, Inc.
• VNET Group, Inc. (company) — Issuer of the securities
• 0001508475 (company) — CIK for VNET Group, Inc.
• 0002115244 (person) — CIK for Chen David Lifeng
• 2026-03-25 (date) — Filing Date

FAQ

Filing Documents

• tm269776-1_4seq1.html (4)
• tm269776-1_4seq1.xml (4) — 3KB
• 0001104659-26-034107.txt ( ) — 5KB

From the Filing

SEC FORM 4 SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 * Chen David Lifeng (Last) (First) (Middle) 10# JIUXIANQIAO EAST ROAD, CHAOYANG DISTRICT (Street) BEIJING 100016 (City) (State) (Zip) CHINA (Country) 2. Issuer Name and Ticker or Trading Symbol VNET Group, Inc. [ VNET ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner Officer (give title below) Other (specify below) 2a. Foreign Trading Symbol 3. Date of Earliest Transaction (Month/Day/Year) 03/23/2026 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 (1) 03/23/2026 S 83,544 D $ 1.5055 334,164 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. Represents 83544 Class A ordinary shares sold in the form of American depositary shares, each representing six Class A ordinary shares of the issuer. /s/Chen David Lifeng 03/25/2026 ** 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)

View Full Filing

View this 4 filing on SEC EDGAR