Alibaba (BABA) CFO Xu Hong Sells 103,046 Shares

What Happened

• Xu Hong, Chief Financial Officer of Alibaba Group (BABA), recorded vesting/conversion of restricted share units into ordinary shares/ADSs on Sep 25, 2026 and sold shares to cover tax obligations and for cash. The filing shows an open-market sale of 103,046 shares at a weighted average price of $13.68 for total proceeds of $1,409,669. Multiple derivative conversions/settlements (RSUs/ADSs) also appear in the report (see footnotes).

Key Details

• Transaction date: Sep 25, 2026; Form 4 filed Sep 29, 2026 (timely).
• Open-market sale: 103,046 shares at a weighted average $13.68 — proceeds $1,409,669.
• Vesting/conversion entries: multiple RSU/derivative conversions totaling 229,000 underlying ordinary shares (10,000 + 9,000 + 10,000 + 200,000) were reported as acquired and then disposed in connection with settlement/withholding.
• Zero-dollar dispositions reflect net settlement/withholding of vested shares (derivative/RSU settlement), not cash sales.
• Footnotes of note:
  • Some RSUs vested and settled into ADSs; 1 ADS = 8 ordinary shares (F1, F5).
  • A portion of vested ordinary shares were withheld and sold in the open market in Hong Kong to satisfy tax withholding (F3).
  • Reported sale prices in HKD ranged HK$105.60–108.40; converted to USD at HK$7.8503 = US$1.00 (weighted avg $13.68) (F4).
• Shares owned after the transactions are not specified in the provided filing excerpt.

Context

• The derivative/RSU activity represents vested awards being converted into shares; some or all of those vested shares were withheld/sold to cover tax withholding (a common practice) and an additional 103,046 shares were sold in the open market for roughly $1.41M. These actions are routine settlement and tax-withholding events rather than an outright market purchase or a standalone sale driven solely by investment intent.