EVANS J. MICHAEL 4

What Happened

• Evans J. Michael, President and Director of Alibaba Group Holding Ltd (BABA), had restricted share units (RSUs) vest on Apr 1, 2026 that converted into 748,000 ordinary shares underlying American Depositary Shares (ADSs). Each ADS represents 8 ordinary shares, so this equals 93,500 ADSs.
• The Form 4 lists these as derivative conversions (transaction code M). Matching disposition entries show the same 748,000 shares reported as disposed at $0.00, indicating shares were withheld/retained for settlement or tax withholding rather than sold for cash. No cash proceeds were reported.

Key Details

• Transaction date: Apr 1, 2026; Form filed: Apr 3, 2026 (filed within typical two-business-day window).
• Shares acquired (ordinary shares underlying ADSs): 12,000 + 16,000 + 640,000 + 80,000 = 748,000 (≈93,500 ADSs). Disposed: same amounts at $0.00.
• Price/Proceeds: Acquisitions reported as N/A; dispositions reported at $0.00 (no cash received).
• Footnotes: RSU awards converted to ADSs (each ADS = 8 ordinary shares). Several awards vested/settled as of Apr 1, 2026 (some were a multi‑year grant that fully vested this date; one award still has an outstanding unvested portion per filing).
• Shares owned after transaction: not specified in the provided filing excerpts.

Context

• Code M indicates exercise or conversion of a derivative security (here, RSUs converting to ADSs). The simultaneous $0.00 dispositions are consistent with net settlement/withholding for taxes or other withholding procedures—not open-market sales.
• This is an award/vesting event (not a purchase/sale in the open market), so it reflects compensation vesting rather than an expressed buy/sell market sentiment.