VNET Group, Inc.

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-07-31 10b5-1 Pre-arranged Plan: No --- Issuer --- Name: VNET Group, Inc. (VNET) CIK: 0001508475 --- Reporting Owner --- Name: Chen David Lifeng CIK: 0002115244 Role: Director --- Non-Derivative Transactions --- [Transaction #1] Security: Class A ordinary shares Date: 2026-07-31 | Code: M (Exercise of derivative) Shares: +83,544 Shares Owned After: 501,252 | Ownership: D (Direct) Footnotes: [F1] Represents Class A ordinary shares in the form of American depositary shares, each representing six Class A ordinary shares of the issuer. [F2] Represents 83,544 Class A ordinary shares in the form of American depositary shares acquired upon the vesting of the same number of RSUs on July 31, 2026. [F2] Represents 83,544 Class A ordinary shares in the form of American depositary shares acquired upon the vesting of the same number of RSUs on July 31, 2026. --- Derivative Transactions --- [Transaction #1] Security: Restricted Share Units (RSUs) Date: 2026-07-31 | Code: M (Exercise of derivative) Shares: -83,544 | Price: $0.00 Shares Owned After: 417,708 | Ownership: D (Direct) Footnotes: [F3] Each RSU represents the contingent right to receive one (1) Class A ordinary share of the issuer upon vesting. [F4] These RSUs were vested on July 31, 2026 and do not have an expiration date. [F4] These RSUs were vested on July 31, 2026 and do not have an expiration date. [F1] Represents Class A ordinary shares in the form of American depositary shares, each representing six Class A ordinary shares of the issuer. [F5] For the remaining 417,708 RSUs granted to the reporting person pursuant to the issuer's share incentive plans, 83,544 RSUs will vest on January 31, 2027, April 30, 2027 and October 31, 2027, respectively, and 83,538 RSUs will vest on October 31, 2026 and July 31, 2027, respectively. Each RSU represents the contingent right to receive one (1) Class A ordinary share of the issuer upon vesting. --- Footnotes (Complete Index) --- F1: Represents Class A ordinary shares in the form of American depositary shares, each representing six Class A ordinary shares of the issuer. F2: Represents 83,544 Class A ordinary shares in the form of American depositary shares acquired upon the vesting of the same number of RSUs on July 31, 2026. F3: Each RSU represents the contingent right to receive one (1) Class A ordinary share of the issuer upon vesting. F4: These RSUs were vested on July 31, 2026 and do not have an expiration date. F5: For the remaining 417,708 RSUs granted to the reporting person pursuant to the issuer's share incentive plans, 83,544 RSUs will vest on January 31, 2027, April 30, 2027 and October 31, 2027, respectively, and 83,538 RSUs will vest on October 31, 2026 and July 31, 2027, respectively. Each RSU represents the contingent right to receive one (1) Class A ordinary share of the issuer upon vesting. --- Signature --- /s/ /s/Chen David Lifeng (2026-08-04)