Baozun Inc. Director Steve Hsia Receives 42,000 Restricted Stock Units

This Form 4 filing reports that Steve Hsien-Chieng Hsia, a director of Baozun Inc. (BZUN), was granted 42,000 Restricted Stock Units (RSUs) on May 21, 2026. Each RSU represents the contingent right to receive one Class A ordinary share of the company. The RSUs were granted pursuant to Baozun's 2022 Share Incentive Plan and will vest in four equal annual installments of 10,500 RSUs on each anniversary of the grant date. Following this transaction, Mr. Hsia holds 58,809 RSUs. The filing indicates that the RSUs were granted at $0 per share, which is typical for equity compensation awards. This transaction represents standard director compensation through equity incentives rather than a market purchase or sale of securities.