Alibaba (BABA) CEO Jiang Fan Receives 670,162 Shares

What Happened Jiang Fan, Chief Executive Officer of Alibaba's E‑commerce Business Group, had restricted share units (RSUs) vest and convert into a total of 670,162 ordinary shares (underlying ADSs/ordinary-share awards) on September 25, 2026. The filings show the transactions as "exercise or conversion of derivative" (transaction code M) with $0.00 cash paid — these entries reflect settlement of awards into shares rather than a market sale.

Key Details

• Transaction date: September 25, 2026; Form 4 filed September 29, 2026 (timely within the SEC two‑business‑day window).
• Transaction type/code: M = exercise/conversion of derivative (vesting/settlement of RSUs/ADSs).
• Shares involved: 7,328 + 7,334 + 15,500 + 640,000 = 670,162 ordinary shares (counts reflect ordinary shares underlying ADSs where applicable).
• Price/consideration: $0.00 (no cash paid; reflects vesting/settlement, not a sale).
• Shares owned after transaction: Not disclosed in the provided excerpt.
• Notable footnotes: Some awards settled into ADSs; each ADS equals 8 ordinary shares per the filing footnotes. Vesting reported as part of scheduled award vesting (per underlying award terms).
• No 10b5‑1 plan, open‑market sale, or tax‑withholding detail is shown in the excerpt.

Context These entries represent RSU/ADS awards vesting and converting into shares (a common compensation event), not an open‑market sale. Because no shares were sold for cash, this filing does not indicate a liquidity or selling signal — it simply records the settlement of compensation awards into equity.