Yu Siying 4

What Happened

• Yu Siying, General Counsel of Alibaba Group (BABA), had restricted share units/derivative awards vest and converted into shares/ADSs on June 25, 2026, and sold a portion in the open market. The filing shows conversion/acquisition entries of 3,336; 2,667; and 7,500 shares (vest/convert) and an open-market sale of 6,772 shares at a weighted average price of $12.10 for total proceeds of $81,941.
• Several related derivative/vesting disposition entries show $0 proceeds (3,336; 2,666; 7,500), which the filing and footnotes indicate were shares withheld or sold to satisfy tax withholding obligations rather than market sales that generated cash to the reporting person.

Key Details

• Transaction date: June 25, 2026; Form 4 filed June 29, 2026 (filing appears late — marked L).
• Open-market sale: 6,772 shares at a weighted average $12.10; proceeds $81,941. Footnote says the sale prices were HK$94.45–95.20 and were converted to USD at HK$7.8464 = US$1.00.
• Vesting/conversion entries: 3,336; 2,667; 7,500 shares recorded as acquired via exercise/conversion of derivatives (RSU/ADS settlement).
• Withholding/tax dispositions: zero-dollar disposition entries total 3,336; 2,666; 7,500 shares — per footnotes these were withheld/sold under the issuer’s equity plan to cover taxes.
• Shares owned after the transactions: not specified in the details provided in this summary.

Context

• These transactions are routine compensation-related events: RSUs/derivative awards vested and were settled into ADSs or ordinary shares (some awards settle as ADSs; each ADS represents 8 ordinary shares per footnotes). Portions were sold in the market and portions were withheld/sold to satisfy tax withholding — effectively a cashless-type settlement for the withholding portion. Such filings commonly reflect compensation vesting and tax-covering sales rather than a directional bet by the insider.