Bilibili CFO Fan Xin Receives 400,000 RSUs

What Happened

• Fan Xin, Chief Financial Officer of Bilibili Inc. (BILI), received a grant of 400,000 restricted share units (RSUs) on September 16, 2026. The Form 4 shows an acquisition (code A) at $0.00 per unit (reported cash value $0). Each RSU is a contingent right to receive one Class Z ordinary share upon vesting; the RSUs vest over six years.

Key Details

• Transaction date: 2026-09-16; Form 4 filed: 2026-09-18 (timely filing).
• Grant: 400,000 RSUs; reported price: $0.00; reported cash consideration: $0.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: F1 — 400,000 RSUs granted on 9/16/2026; six-year vesting; each RSU converts to one Class Z ordinary share upon vesting.
• Transaction type code: A = Award/Grant. No 10b5-1 plan, tax-withholding sale, or sale/purchase reported for this grant.

Context

• RSUs are compensation awards that convert into shares only as they vest, so this is not an immediate open-market purchase or sale. Vesting over six years indicates a multi-year retention schedule; the grant increases potential future share count if vested and settled, which may have dilution implications when/if converted. This filing reports the award only and does not by itself indicate the insider’s market view.