Yang Luke Chen, Dir at 111, Inc., Sells Shares Worth $37,622

111, Inc. (YI) disclosed that Yang Luke Chen, who holds the position of Dir at the company, was involved in selling 180,880 shares, per a Form 4 filing with the SEC.

The transaction was executed at a price of $0.21 per share, for a total value of approximately $37,622.

Company insiders are required to disclose changes in their stock ownership to the SEC on Form 4, typically within two business days of the trade.

Insider sales are common and can occur for reasons unrelated to a company's outlook, including scheduled trading plans, diversification, or personal financial planning.