Foo Jixun 4

What Happened

• Director Foo Jixun reported a sale of 122,584 shares of Baidu (BIDU) on May 21, 2026 at $16.32 per share, generating proceeds of $2,000,203. The filing classifies the transaction as a sale (code S), which is usually routine and less informative than insider purchases.

Key Details

• Transaction date and price: May 21, 2026 — 122,584 shares at $16.32 each.
• Proceeds: $2,000,203.
• ADS note: The filing remarks that Baidu’s Class A ordinary shares are held as American depositary shares (ADS); 1 ADS = 8 Class A ordinary shares. If the reported figure refers to ADS, the trade equals 980,672 underlying Class A shares (122,584 × 8).
• Shares owned after transaction: Not disclosed in the report.
• Filing timeliness: Report filed May 26, 2026 (five days after the trade), which appears later than the typical 2-business-day Form 4 deadline.
• No footnotes in the provided summary indicating a 10b5‑1 plan, tax-withholding disposition, or other special conditions.

Context

• Sales by directors can be for many personal reasons and do not necessarily signal a view on the company’s prospects; purchases tend to be more informative for bullish signals. There’s no indication in this filing of an exception (e.g., 10b5‑1) that would explain timing.