Vnet Insider Ownership

NASDAQ VNET

$3.05 -0.23 (-7.02%)

As of: Nov 10, 2026 · 12:48 PM EST

Insider Holdings by Owner

1.65Mn Shares

Sean Shao983.82K59.5%

David Lifeng Chen584.79K35.4%

Zhihua Zhang84.38K5.1%

Insider Ownership Statistics

as of 30 Sep, 2026

Insider Ownership

0.565%

▲+0.031% pp QoQ

Shares Held by Insiders

1.52Mn

filed for Sep 2026

▲+5.82% QoQ

Shares Outstanding

268.71Mn

268,712,131 shares

Direct Holdings

1.52Mn

Indirect: 0

Net Open-Market Trades

no open-market trades in Sep 2026

Insiders Holding Shares

with Form 4 holdings on file

Shares Owned by Insiders

Shares held % of outstanding

Latest —

Average ownership —

Peak ownership —

Open-Market Insider Trades

Bought Sold

Latest quarter —

Net over range —

Net-buying quarters —

Insider Ownership Summary

Updated Nov 4, 2026

Over the past year, VNET insiders sold $259,673 of stock (181.36K shares) on the open market and bought none.

Counted by insider, open-market selling of VNET stock in the past 12 months came from 3 insiders, with no insider buying.
David Lifeng Chen (Director) sold the most VNET stock on the open market over the past 12 months, $125,775 (83.54K shares), most recently on March 23, 2026.
The latest open-market trade on record is a sale of 28.74K shares for $15,727 by Zhihua Zhang (SVP, Operational Finance) on November 2, 2026.
Away from the open market, VNET insiders acquired 372.82K shares through option exercises and conversions over the last 12 months.
Per Business Quant data, VNET insiders hold 1.65Mn shares in total based on their latest Form 4 filings, up 15.15% from 1.44Mn shares at the end of Q2 2026.
VNET insiders report no indirect holdings: all 1.65Mn shares are held directly.
Holdings in VNET stock are reported by 3 insiders, the officers, directors and 10% owners who have filed a Form 4 in the past two years.
VNET's three biggest insider holders are Sean Shao (Director, 983.82K shares), David Lifeng Chen (Director, 584.79K shares) and Zhihua Zhang (SVP, Operational Finance, 84.38K shares), based on their latest Form 4 filings.
Sean Shao alone accounts for 59.52% of the shares held by VNET insiders.
Institutions accounted for 60.68% of VNET's outstanding shares in Q2 2026.
Over the past 12 months, 5 insiders reported transactions in VNET stock in 10 Form 4 filings.
This summary of VNET insider activity covers Form 4 filings through November 3, 2026.

Form 4 Holdings

Insiders Holding VNET

Insiders 3

Shares held 1.65Mn

Of outstanding 0.615%

#	Insider	Position	Direct	Total	Share of Insiders	Last Filed
1	Sean Shao	Director	983,820	983,820	59.5%	03 Jun, 2026
2	David Lifeng Chen	Director	584,790	584,790	35.4%	03 Nov, 2026
3	Zhihua Zhang	Svp, Operational Finance	84,384	84,384	5.1%	03 Nov, 2026

Each row is that insider’s most recently reported position, from Form 4 filings over the last 60 months — which is why this total does not tie to the quarterly series above, where a quarter counts only the insiders who filed in it. Shares held through a fund or institutional portfolio are counted on the institutional ownership page instead.

Form 4 Filings

18 Insider Transactions

Source SEC Form 4

Latest quarter Sep 2026

Date	Insider	Position	Transaction	Shares	Price	Value	Shares Held After	Ownership
31 Oct, 2026	David Lifeng Chen	Director	Acquired M	83,538	—	—	584,790	Direct
31 Oct, 2026	Zhihua Zhang	Svp, Operational Finance	Acquired M	79,200	$0.00	$0	113,124	Direct
02 Nov, 2026	Zhihua Zhang	Svp, Operational Finance	Disposed S	28,740	$0.55	$15.73K	84,384	Direct
31 Oct, 2026	David Lifeng Chen	Director	Disposed M	83,538	$0.00	$0	334,170	Direct
31 Oct, 2026	Zhihua Zhang	Svp, Operational Finance	Disposed M	79,200	$0.00	$0	79,200	Direct
31 Jul, 2026	David Lifeng Chen	Director	Acquired M	83,544	—	—	501,252	Direct
31 Jul, 2026	David Lifeng Chen	Director	Disposed M	83,544	$0.00	$0	417,708	Direct
01 Jun, 2026	Sean Shao	Director	Disposed S	60,000	$1.71	$102.80K	983,820	Direct
15 May, 2026	Zhihua Zhang	Svp, Operational Finance	Acquired M	42,996	$0.00	$0	42,996	Direct
18 May, 2026	Zhihua Zhang	Svp, Operational Finance	Disposed S	9,072	$1.69	$15.37K	33,924	Direct
15 May, 2026	Zhihua Zhang	Svp, Operational Finance	Acquired A	42,996	$0.00	$0	201,396	Direct
15 May, 2026	Zhihua Zhang	Svp, Operational Finance	Disposed M	42,996	$0.00	$0	158,400	Direct
15 May, 2026	Kenneth Tai	Director	Acquired A	243,768	$0.00	$0	243,768	Direct
15 May, 2026	Yoshihisa Ueno	Director	Acquired A	731,304	$0.00	$0	731,304	Indirect
15 May, 2026	Sean Shao	Director	Acquired A	243,768	$0.00	$0	243,768	Direct
30 Apr, 2026	David Lifeng Chen	Director	Acquired M	83,544	$0.00	$0	417,708	Direct
30 Apr, 2026	David Lifeng Chen	Director	Disposed M	83,544	$0.00	$0	501,252	Direct
23 Mar, 2026	David Lifeng Chen	Director	Disposed S	83,544	$1.51	$125.78K	334,164	Direct