Xu Hong 4
4 · Alibaba Group Holding Ltd · Filed Jun 29, 2026
Research Summary
AI-generated summary of this filing
Alibaba (BABA) CFO Xu Hong Sells 175,054 Shares
What Happened
- Xu Hong, Chief Financial Officer of Alibaba Group (BABA), had restricted share units (RSUs) or similar derivative awards vest/convert on 2026-06-25 (aggregate 389,000 ordinary-share equivalents from multiple awards). On the same date she sold 175,054 shares in the open market for a weighted average price of $12.15 per share, raising approximately $2,126,906.
- Several derivative entries show $0.00 proceeds (exercise/conversion with immediate disposition), which reflects shares surrendered/withheld or net-settled in connection with the vesting/settlement (e.g., to cover tax withholding). Footnotes indicate some awards settled into American Depositary Shares (ADSs) and some into ordinary shares.
Key Details
- Transaction date: June 25, 2026; Form 4 filed June 29, 2026.
- Open-market sale: 175,054 shares at $12.15 (weighted average) → $2,126,906 total. Sales were executed in Hong Kong at HK$94.35–95.80 (converted to USD at HK$7.8464 = $1.00).
- Vested/converted shares (aggregate reported): 389,000 ordinary-share equivalents (from multiple RSU/derivative settlements).
- $0.00 disposals reflect net settlement/withholding of vested shares (not a cash sale by the insider).
- Footnotes: Some RSUs vested and settled into ADSs (each ADS = 8 ordinary shares); some vested RSUs were withheld/sold in the open market to satisfy tax withholding obligations.
- Shares owned after the transactions: not specified in the summary data provided.
- Filing timeliness: transactions dated 6/25 were reported on Form 4 filed 6/29; no late filing flag indicated in the filing summary provided.
Context
- This filing primarily documents vested awards and related tax-withholding/share-settlement activity rather than an independent bullish purchase. The $0.00 disposals and the footnote about withholding indicate a cashless/net settlement of vested RSUs where some shares were withheld or sold to satisfy taxes. The open-market sale appears to be related to those withholding/sale requirements rather than a voluntary market sale for investment purposes.
Insider Transaction Report
Form 4
Xu Hong
Chief Financial Officer
Transactions
- Exercise/Conversion
Ordinary Shares
[F1]2026-06-25+10,000→ 76,550 total - Exercise/Conversion
Ordinary Shares
[F1]2026-06-25+360,000→ 436,550 total - Exercise/Conversion
Ordinary Shares
[F2]2026-06-25+9,000→ 445,550 total - Exercise/Conversion
Ordinary Shares
[F2]2026-06-25+10,000→ 455,550 total - Sale
Ordinary Shares
[F3][F4]2026-06-25$12.15/sh−175,054$2,126,906→ 280,496 total - Exercise/Conversion
Restricted Share Units
[F5][F6]2026-06-25−10,000→ 70,000 total→ Ordinary Shares (10,000 underlying) - Exercise/Conversion
Restricted Share Units
[F5][F7]2026-06-25−360,000→ 864,000 total→ Ordinary Shares (360,000 underlying) - Exercise/Conversion
Restricted Share Units
[F8][F9]2026-06-25−9,000→ 99,000 total→ Ordinary Shares (9,000 underlying) - Exercise/Conversion
Restricted Share Units
[F8][F10]2026-06-25−10,000→ 150,000 total→ Ordinary Shares (10,000 underlying)
Holdings
- 657,570(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 94.35 to 95.80 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 sixteen equal annual 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]Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ADSs that vests in annual installments of 15%, 25%, 30% and 30% beginning on Aug 14, 2025, subject to the terms and conditions of theunderlying award agreement. The vesting reported herein was as of Jun 25, 2026.
- [F8]Each restricted share unit represents a contingent right to receive one ordinary share. This amount represents the number of vested ordinary shares.
- [F9]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 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 Toby Hong Xu|2026-06-29