Jiang Fan (FJ) 4
4 · Alibaba Group Holding Ltd · Filed Jun 29, 2026
Research Summary
AI-generated summary of this filing
Alibaba (BABA) CEO Jiang Fan Exercises Awards, Sells 13,579 Shares
What Happened
Jiang Fan, Chief Executive Officer of Alibaba's E‑commerce Business Group, had restricted share units vest and convert into ordinary shares/ADSs on June 25, 2026 (totaling 30,169 ordinary-share equivalents). To satisfy tax withholding obligations, 13,579 of those shares were sold in the open market for a weighted average price of $12.10, producing proceeds of $164,306. The derivative/vested conversions are reported as exercise/conversion (Code M) with $0 proceeds because they represent settlement of RSUs into shares/ADSs.
Key Details
- Transaction date: June 25, 2026; Form filed June 29, 2026 (timely filing).
- Vesting/conversions reported: 7,336 + 7,333 + 15,500 = 30,169 ordinary-share equivalents (settlement of RSUs/ADSs).
- Open‑market sale: 13,579 shares at a weighted average $12.10, total $164,306 (sold in Hong Kong; HK$94–95 per share converted at HK$7.8464 = US$1 per F4).
- The M entries reflect conversion/settlement of RSUs/ADSs; the sale was a withholding/sale-to-cover for taxes (per footnote F3).
- Shares owned after the transaction: not specified in the provided summary of the filing.
- Relevant footnotes: RSUs settled into ADSs (each ADS = 8 ordinary shares) and ordinary shares (F1–F2, F5–F9); withheld shares sold in HK to satisfy tax withholding (F3–F4).
Context
This was primarily a vesting/settlement of equity awards with a partial sell-to-cover for tax obligations, not an opportunistic open‑market investment purchase. Such withholding sales are routine following vesting and do not necessarily indicate management sentiment about the company’s stock price.
Insider Transaction Report
- Exercise/Conversion
Ordinary Shares
[F1]2026-06-25+7,336→ 547,363 total - Exercise/Conversion
Ordinary Shares
[F2]2026-06-25+7,333→ 554,696 total - Exercise/Conversion
Ordinary Shares
[F2]2026-06-25+15,500→ 570,196 total - Sale
Ordinary Shares
[F3][F4]2026-06-25$12.10/sh−13,579$164,306→ 556,617 total - Exercise/Conversion
Restricted Share Units
[F5][F6]2026-06-25−7,336→ 110,000 total→ Ordinary Shares (7,336 underlying) - Exercise/Conversion
Restricted Share Units
[F7][F8]2026-06-25−7,333→ 139,334 total→ Ordinary Shares (7,333 underlying) - Exercise/Conversion
Restricted Share Units
[F7][F9]2026-06-25−15,500→ 232,500 total→ Ordinary Shares (15,500 underlying)
Footnotes (9)
- [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.
- [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 94.00 to 95.00 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-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.
- [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 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.