Bilibili (BILI) Vice Chair Li Ni Receives 4,000,000 RSU Award

What Happened

Li Ni, Vice Chairwoman, Chief Operating Officer and a director of Bilibili Inc. (BILI), received a grant of 4,000,000 restricted share units (RSUs) on September 16, 2026. The Form 4 reports an acquisition price of $0.00 (award), so the reported acquisition value is $0. This grant is compensation rather than an open-market purchase or sale.

Key Details

• Transaction date: September 16, 2026 (Form 4 filed September 18, 2026).
• Transaction type/code: Award/Grant (A).
• Number of RSUs granted: 4,000,000.
• Reported acquisition price/value: $0.00 ($0 total recorded for the grant).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: The 4,000,000 RSUs vest over four years; each RSU is a contingent right to receive one Class Z ordinary share upon vesting (see footnote F1).
• Filing timeliness: Form 4 was filed two days after the grant (within the SEC’s typical two-business-day reporting window).

Context

RSUs are a form of equity compensation that convert to actual shares only if vesting conditions are met; they do not represent an immediate cash purchase or sale. Because this is an award, it is a routine compensation action and does not by itself indicate buying or selling sentiment. Tax withholding or net share settlement may apply at vesting, but those details are not specified in this filing.