EVANS J. MICHAEL 4
4 · Alibaba Group Holding Ltd · Filed Jul 1, 2026
Research Summary
AI-generated summary of this filing
Alibaba (BABA) President Evans J. Michael Sells 720,000 Shares
What Happened
Evans J. Michael, President and Director of Alibaba Group Holding Ltd (BABA), sold a total of 720,000 shares on June 29, 2026. The sales were reported as two open-market/Rule 144 transactions: 692,992 shares at a weighted average price of $94.92 (≈ $65.78M) and 27,008 shares at a weighted average price of $95.59 (≈ $2.58M), for an aggregate proceeds of about $68.36 million. These were sales (not purchases), which are generally routine dispositions rather than bullish buying signals.
Key Details
- Transaction date: June 29, 2026 (filed July 1, 2026) — filing appears timely under Form 4 rules.
- Trades and prices:
- 692,992 shares sold at weighted avg $94.92 (prices in range $94.455–$95.45) — Footnote F2.
- 27,008 shares sold at weighted avg $95.59 (prices in range $95.455–$95.905) — Footnote F3.
- Total shares sold: 720,000; total reported proceeds ≈ $68,360,496.
- Method/footnote: Footnote F1 states the sales were pursuant to Rule 144 through a broker-dealer.
- Shares owned after transaction: Not specified in the information provided in this summary.
- Transaction code: S = Sale.
Context
Rule 144 sales typically indicate the sale of shares subject to resale restrictions (e.g., restricted stock or control-person holdings) after applicable holding periods; the filing notes the sales were handled through a broker-dealer. The Form 4 shows dispositions only — no purchases, option exercises, or awards in this filing. As always, insider sales are factual signals of selling activity but do not, by themselves, explain the insider’s motivation.
Insider Transaction Report
- Sale
Ordinary Shares
[F1][F2]2026-06-29$94.92/sh−692,992$65,778,801→ 55,008 total - Sale
Ordinary Shares
[F1][F3]2026-06-29$95.59/sh−27,008$2,581,695→ 28,000 total
Footnotes (3)
- [F1]This transaction is in connection with a sale pursuant to Rule 144 of the Securities Act of 1933, as amended, through a broker-dealer.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices denominated in US dollars ranging from 94.455 to 95.45 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.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices denominated in US dollars ranging from 95.455 to 95.905 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.