Alibaba (BABA) General Counsel Yu Siying Exercises RSUs, Sells Shares

What Happened

• Yu Siying, General Counsel of Alibaba Group (BABA), had restricted share units (RSUs) vest and converted/exercised into underlying ordinary shares/ADSs on Sep 25, 2026 (multiple awards totaling 13,495 ordinary shares: 3,328 + 2,667 + 7,500).
• Following the vesting/conversion, 6,764 shares were sold in the open market at a weighted average price of $13.58 per share, generating approximately $91,855. Several related derivative entries show $0 proceeds, reflecting settlement/conversion of the RSUs rather than a paid cash exercise.
• The sale appears to be routine tax-withholding/sale following vesting (not an independent trading decision to reduce a position).

Key Details

• Transaction date: Sep 25, 2026; Form 4 filed Sep 29, 2026 (timely within required reporting window).
• Vested/converted shares: 13,495 ordinary shares (breakdown: 3,328; 2,667; 7,500).
• Open-market sale: 6,764 shares @ weighted avg $13.58 = ~$91,855 (price converted from HKD; conversion rate HK$7.8503 = US$1.00 per filing).
• Notable footnotes: F3 indicates shares were withheld/sold in the open market to satisfy tax withholding on vested RSUs; F1/F5 note some awards were denominated as ADSs (each ADS = 8 ordinary shares) and reported counts represent the underlying ordinary shares.
• Shares owned after transaction: not provided in the supplied filing excerpt.

Context

• These transactions reflect RSU vesting and settlement (derivative exercise/conversion), with a portion of shares sold to cover tax obligations — effectively a cashless settlement/withholding event, common for executives receiving equity awards.
• Such sales tied to tax withholding are routine and do not, by themselves, indicate bullish or bearish insider sentiment.