Jiang Fang 4
4 · Alibaba Group Holding Ltd · Filed Jun 29, 2026
Research Summary
AI-generated summary of this filing
Alibaba (BABA) CPO Jiang Fang Sells 4,898 Shares
What Happened
- Jiang Fang, Chief People Officer of Alibaba Group (BABA), had restricted share units (RSUs) vest on Jun 25, 2026 and those RSUs converted into ordinary shares and ADS-underlying ordinary shares. A total of 9,756 ordinary shares (from multiple vesting/conversion line items) were reported as acquired via conversion/exercise. To satisfy tax withholding obligations, 4,898 shares were sold in the open market on Jun 25, 2026 for a weighted-average price of $12.09 per share, yielding approximately $59,217 in proceeds (HKD sales converted to USD).
Key Details
- Transaction date: Jun 25, 2026; Form 4 filed Jun 29, 2026 (timely filing).
- Sale: 4,898 shares sold in the open market at a weighted avg price of $12.09; proceeds $59,217 (HKD prices converted to USD at HK$7.8464 = US$1.00).
- Vesting/Conversion: Multiple RSU conversions/exercises reported (1,672; 1,667; 2,667; 3,750 ordinary-share equivalents = 9,756 shares acquired via vesting/conversion).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Notable footnotes: Sales were executed in Hong Kong to satisfy tax withholding (tax-withholding sale per issuer plan). Some vested awards settled into ADSs; each ADS represents 8 ordinary shares (per the filing). The reported sale price is a USD conversion of HKD transaction prices.
Context
- These were not open-market purchases but RSU vesting and settlement events followed by a withholding sale to cover taxes—a common, routine action rather than a directional buy/sell signal. The derivative entries (code M) reflect conversion/settlement of equity awards (not a cash purchase); several derivative disposals show $0 proceeds because they represent conversion/settlement rather than a separate sale.
Insider Transaction Report
Form 4
Jiang Fang
Chief People Officer
Transactions
- Exercise/Conversion
Ordinary Shares
[F1]2026-06-25+1,672→ 5,556,325 total - Exercise/Conversion
Ordinary Shares
[F2]2026-06-25+1,667→ 5,557,992 total - Exercise/Conversion
Ordinary Shares
[F2]2026-06-25+2,667→ 5,560,659 total - Exercise/Conversion
Ordinary Shares
[F2]2026-06-25+3,750→ 5,564,409 total - Sale
Ordinary Shares
[F3][F4]2026-06-25$12.09/sh−4,898$59,217→ 5,559,511 total - Exercise/Conversion
Restricted Share Units
[F5][F6]2026-06-25−1,672→ 25,000 total→ Ordinary Shares (1,672 underlying) - Exercise/Conversion
Restricted Share Units
[F7][F8]2026-06-25−1,667→ 25,000 total→ Ordinary Shares (1,667 underlying) - Exercise/Conversion
Restricted Share Units
[F7][F9]2026-06-25−2,667→ 50,667 total→ Ordinary Shares (2,667 underlying) - Exercise/Conversion
Restricted Share Units
[F7][F10]2026-06-25−3,750→ 56,250 total→ Ordinary Shares (3,750 underlying)
Holdings
- 23,116,864(indirect: By Trust)
Ordinary Shares
Footnotes (10)
- [F1]Reflects restricted share units that vested and settled into American Depositary Shares ("ADSs"). Each ADS represents 8 ordinary shares. This amount represents the ordinary shares underlying the ADSs acquired in connection with such vesting.
- [F10]Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ordinary shares that vests in sixteen equal quarterly installments on beginning on Jun 25, 2026, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Jun 25, 2026.
- [F2]Reflects restricted share units that vested and settled into ordinary shares.
- [F3]Pursuant to the issuer's equity plan, these shares of ordinary shares were withheld and sold in the open market in Hong Kong on behalf of the reporting person to satisfy tax withholding obligations related to the reporting person's vesting of restricted shares units reported herein.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices denominated in Hong Kong dollars ranging from 94.15 to 94.9 inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The sales prices reported herein were converted from Hong Kong dollars to United States dollars at a conversion price of HK$7.8464 to US$1.00.
- [F5]Each restricted share unit represents a contingent right to receive one ADS. Each ADS represents 8 ordinary shares. This amount represents the ordinary shares underlying the vested ADSs in this award.
- [F6]Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ADSs that vests in twenty-four equal quarterly installments beginning on Jul 1, 2024, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Jun 25, 2026.
- [F7]Each restricted share unit represents a contingent right to receive one ordinary share. This amount represents the number of vested ordinary shares.
- [F8]Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ordinary shares that vests in twenty-one quarterly installments, with 1/6 vesting on Jul 1, 2025 and 1/24 quarterly thereafter beginning on Oct 1, 2025, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Jun 25, 2026.
- [F9]Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ordinary shares that vests in twenty-four equal quarterly installments on beginning on Jul 1, 2025, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Jun 25, 2026.
Signature
/s/ Kevin Jinwei Zhang, as Attorney-in-Fact for Fang Jiang|2026-06-29