Yu Siying 4
4 · Alibaba Group Holding Ltd · Filed Mar 26, 2026
Research Summary
AI-generated summary of this filing
Alibaba (BABA) GC Yu Siying Exercises RSUs and Sells Shares
What Happened
Yu Siying, General Counsel of Alibaba Group Holding Ltd (BABA), had restricted share units (RSUs) vest and settle into a total of 47,610 ordinary shares (reported Mar 25, 2026). On the same day she sold 21,472 shares in an open-market transaction at a weighted average price of $16.06 per share, generating proceeds of approximately $344,840. The filing also shows corresponding derivative/settlement disposals at $0, which reflect shares withheld or settled as part of the RSU vesting/settlement process.
Key Details
- Transaction date: March 25, 2026. Form 4 filed March 26, 2026 (timely filing).
- Acquisitions: 47,610 ordinary shares reported as the result of exercise/conversion/vesting (multiple RSU awards).
- Sale: 21,472 shares sold in the open market at $16.06 (total ≈ $344,840).
- Derivative disposals: Matching entries at $0.00 accompany the vesting entries — these represent shares withheld/settled in connection with the RSU vestings (tax withholding/settlement).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Notable footnotes: Vesting/settlement involved both ADSs and ordinary shares (some awards settled into ADSs; each ADS represents 8 ordinary shares per footnotes). Footnote F3 confirms shares were withheld and sold in Hong Kong to satisfy tax withholding; F4 explains the HKD-to-USD price conversion used for reporting.
Context
These transactions reflect routine equity compensation activity: RSU vesting/settlement (derivative code M) and an open-market sale. The $0 disposals tied to the vesting normally indicate withholding or in-kind settlement to cover taxes rather than a market sale by the insider for investment reasons. This is common and not necessarily a directional signal about the insider’s view of the company.
Insider Transaction Report
Form 4
Yu Siying
General Counsel
Transactions
- Exercise/Conversion
Ordinary Shares
[F1]2026-03-25+25,336→ 599,701 total - Exercise/Conversion
Ordinary Shares
[F1]2026-03-25+5,600→ 605,301 total - Exercise/Conversion
Ordinary Shares
[F1]2026-03-25+10,672→ 615,973 total - Exercise/Conversion
Ordinary Shares
[F1]2026-03-25+3,336→ 619,309 total - Exercise/Conversion
Ordinary Shares
[F2]2026-03-25+2,666→ 621,975 total - Sale
Ordinary Shares
[F3][F4]2026-03-25$16.06/sh−21,472$344,840→ 600,503 total - Exercise/Conversion
Restricted Share Units
[F5][F6]2026-03-25−25,336→ 0 total→ Ordinary Shares (25,336 underlying) - Exercise/Conversion
Restricted Share Units
[F5][F7]2026-03-25−5,600→ 5,600 total→ Ordinary Shares (5,600 underlying) - Exercise/Conversion
Restricted Share Units
[F5][F8]2026-03-25−10,672→ 32,000 total→ Ordinary Shares (10,672 underlying) - Exercise/Conversion
Restricted Share Units
[F5][F9]2026-03-25−3,336→ 53,336 total→ Ordinary Shares (3,336 underlying) - Exercise/Conversion
Restricted Share Units
[F10][F11]2026-03-25−2,666→ 53,334 total→ Ordinary Shares (2,666 underlying)
Holdings
- 3,809,664(indirect: By Trust)
Ordinary Shares
Footnotes (11)
- [F1]Reflects restricted share units that vested and settled into American Depositary Shares ("ADSs"). Each ADS represents 8 ordinary shares. This amount represents the ordinary shares underlying the ADSs acquired in connection with such vesting.
- [F10]Each restricted share unit represents a contingent right to receive one ordinary share. This amount represents the number of vested ordinary shares.
- [F11]Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ordinary shares that vests in twenty-four equal quarterly installments on beginning on Jul 1, 2025, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Mar 25, 2026.
- [F2]Reflects restricted share units that vested and settled into ordinary shares.
- [F3]Pursuant to the issuer's equity plan, these shares of ordinary shares were withheld and sold in the open market in Hong Kong on behalf of the reporting person to satisfy tax withholding obligations related to the reporting person's vesting of restricted shares units reported herein.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging denominated in Hong Kong dollars ranging from 125 to 128.7, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The sales prices reported herein were converted from Hong Kong dollars to United States dollars at a conversion price of HK$7.8274 to US$1.00.
- [F5]Each restricted share unit represents a contingent right to receive one ADS. Each ADS represents 8 ordinary shares. This amount represents the ordinary shares underlying the vested ADSs in this award.
- [F6]The restricted share unit award granted in the form of ADSs that vests in six equal annual installments beginning on Apr 1, 2021, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Mar 25, 2026. This award has fully vested.
- [F7]Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ADSs that vests in six equal annual installments beginning on Apr 1, 2022, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Mar 25, 2026.
- [F8]Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ADSs that vests in six equal annual installments beginning on Apr 1, 2024, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Mar 25, 2026.
- [F9]Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ADSs that vests in twenty-four equal quarterly installments beginning on Jul 1, 2024, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Mar 25, 2026.
Signature
/s/ Siying Yu|2026-03-26