Xu Hong 4

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.