SCHEDULE 13D/A Filed 2026-09-23 Event 2026-09-21 SEC 0001104659-26-109779 →

PJ Millennium Limited Partnership → VNET Group, Inc. VNET

Stake: 38.10% Shares: 650,424,192 CUSIP: G91458102 Class: Class A Ordinary Shares, Par Value US$0.00001 Per Share

Item 4 — Purpose of Transaction

Item 4 is further supplemented by the following. On September 21, 2026, the Seller A Shares Closing was consummated. As a result, the Purchasers completed the acquisition of all 650,424,192 Sale Shares contemplated by the Share Purchase Agreement. Upon the Seller A Shares Closing, the Investor Rights Agreement and the Voting and Consortium Agreement became effective in accordance with their respective terms (other than certain provisions thereof that became effective on May 13, 2026), and the voting term (the "Voting Term") under the Voting and Consortium Agreement commenced.

Cross-References

Insider Activity (last 365d)

6 transactions

3 buys · 1 sales · 2 awards/exercises

Issuer Cluster

14 13D/G filings on this issuer

13 other filings besides this one

Filer Track Record

2 filings by this filer

1 other filing in the data moat

Short Interest · settle 2026-09-30

DTC 9.48

44,027,107 shares short · +11.3% vs prior

Institutional Consensus · 2025-12-31

Held by elite portfolio managers

1 holder · $99.39M

Point72 Asset Mgmt

Form 4 Insider Transactions · last 365d

Date	Insider	Role	Type	Shares	Price	Value
2026-05-15	TAI KENNETH	director	Award	243,768	—	—
2026-05-15	Shao Sean	director	Award	243,768	—	—
2026-05-15	UENO Yoshihisa	director	Award	731,304	—	—
2026-04-30	Chen David Lifeng	director	Option exercise	83,544	—	—
2026-04-30	Chen David Lifeng	director	Option exercise	83,544	—	—
2026-03-23	Chen David Lifeng	director	Sale	83,544	$1.51	$126K

Other 13D/G Filings on VNET Group, Inc.

Filed	Form	Filer	Stake	Shares
2026-09-23	SCHEDULE 13D/A	Chen Sheng	24.80%	423,652,371	view →
2026-08-28	SCHEDULE 13D	PJ Millennium Limited Partnership	11.40%	195,127,260	view →
2026-05-19	SCHEDULE 13D/A	Shandong Hi-Speed Holdings Group Ltd	—	455,296,932	view →
2026-05-15	SCHEDULE 13D/A	Chen Sheng	32.40%	553,737,207	view →
2024-07-08	SC	Chen Sheng	—	—	view →
2023-12-28	SC	Chen Sheng	—	—	view →
2023-07-14	SC	Chen Sheng	—	—	view →
2022-02-01	SC	Blackstone Tactical Opportunities Management Associates (Cayman) - NQ L.P.	—	—	view →
2021-05-17	SC	Tuspark Innovation Venture Ltd	—	—	view →
2021-04-08	SC	Blackstone Tactical Opportunities Management Associates (Cayman) - NQ L.P.	—	—	view →
2020-12-16	SC	Kingsoft Corp Ltd	—	—	view →
2020-05-20	SC	King Venture Holdings Ltd	—	—	view →
2020-03-09	SC	Temasek Holdings (Private) Ltd	—	—	view →

Other Filings by PJ Millennium Limited Partnership

Filed	Form	Issuer	Stake	Shares
2026-08-28	SCHEDULE 13D	VNET Group, Inc.	11.40%	195,127,260	view →

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