Jiang Fang 4
4 · Alibaba Group Holding Ltd · Filed Mar 26, 2026
Research Summary
AI-generated summary of this filing
Alibaba (BABA) Chief People Officer Jiang Fang Sells 16,848 Shares
What Happened
Jiang Fang, Chief People Officer of Alibaba Group (BABA), had restricted share units vest on March 25, 2026 that converted into ordinary shares/ADSs (derivative exercises). A total of 37,333 ordinary-share equivalents were recorded as acquired from those conversions. Simultaneously, the filing shows 37,333 shares were disposed at $0.00 (reflecting shares withheld/sold to cover tax withholding). In addition, Jiang sold 16,848 shares in the open market at an average price of $16.10 per share for total proceeds of $271,253. The Form 4 was filed on March 26, 2026 (timely).
Key Details
- Transaction date: 2026-03-25; Form 4 filed 2026-03-26 (timely).
- Open-market sale: 16,848 shares @ $16.10 = $271,253.
- Vesting/conversion: 37,333 ordinary-share equivalents acquired via derivative conversion (reported as "M" exercises).
- Disposals at $0.00: 37,333 shares — these reflect shares withheld/sold to satisfy tax withholding related to the RSU vesting (see footnote F3).
- Footnotes of note:
- F1/F5: Some awards were settled into ADSs (each ADS = 8 ordinary shares); amounts shown are ordinary-share equivalents.
- F3/F4: Tax-withholding shares were withheld and sold in the Hong Kong market; prices in HKD ranged HK$125–129 and were converted to USD at HK$7.8274 = US$1.00.
- F10–F13 and F6–F9: describe the vesting schedules of various RSU awards (some fully or partially vested as of Mar 25, 2026).
- Shares owned after the transaction: not specified in the provided filing data.
Context
- These derivative "M" entries reflect RSUs/awards that vested and converted into shares (or ADSs). The matching $0.00 disposals are typical of tax-withholding or net-settlement: shares are issued then immediately withheld/sold to cover taxes.
- The open-market sale produced cash proceeds (~$271k) and is commonly routine following vesting/withholding; it is not itself a direct purchase (which would be a stronger bullish signal).
- No indication in the filing that Jiang Fang is a 10% owner or that the filing was late.
If you want, I can map the individual vesting lot sizes to the specific footnotes (F1–F13) or estimate Jiang Fang’s net change in holdings assuming the $0 disposals fully satisfied tax withholding.
Insider Transaction Report
Form 4
Jiang Fang
Chief People Officer
Transactions
- Exercise/Conversion
Ordinary Shares
[F1]2026-03-25+2,672→ 5,536,840 total - Exercise/Conversion
Ordinary Shares
[F1]2026-03-25+7,464→ 5,544,304 total - Exercise/Conversion
Ordinary Shares
[F1]2026-03-25+10,528→ 5,554,832 total - Exercise/Conversion
Ordinary Shares
[F1]2026-03-25+10,672→ 5,565,504 total - Exercise/Conversion
Ordinary Shares
[F1]2026-03-25+1,664→ 5,567,168 total - Exercise/Conversion
Ordinary Shares
[F2]2026-03-25+1,667→ 5,568,835 total - Exercise/Conversion
Ordinary Shares
[F2]2026-03-25+2,666→ 5,571,501 total - Sale
Ordinary Shares
[F3][F4]2026-03-25$16.10/sh−16,848$271,253→ 5,554,653 total - Exercise/Conversion
Restricted Share Units
[F5][F6]2026-03-25−2,672→ 0 total→ Ordinary Shares (2,672 underlying) - Exercise/Conversion
Restricted Share Units
[F5][F7]2026-03-25−7,464→ 7,472 total→ Ordinary Shares (7,464 underlying) - Exercise/Conversion
Restricted Share Units
[F5][F8]2026-03-25−10,528→ 21,072 total→ Ordinary Shares (10,528 underlying) - Exercise/Conversion
Restricted Share Units
[F5][F9]2026-03-25−10,672→ 32,000 total→ Ordinary Shares (10,672 underlying) - Exercise/Conversion
Restricted Share Units
[F5][F10]2026-03-25−1,664→ 26,672 total→ Ordinary Shares (1,664 underlying) - Exercise/Conversion
Restricted Share Units
[F11][F12]2026-03-25−1,667→ 26,667 total→ Ordinary Shares (1,667 underlying) - Exercise/Conversion
Restricted Share Units
[F11][F13]2026-03-25−2,666→ 53,334 total→ Ordinary Shares (2,666 underlying)
Holdings
- 23,116,864(indirect: By Trust)
Ordinary Shares
Footnotes (13)
- [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]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.
- [F11]Each restricted share unit represents a contingent right to receive one ordinary share. This amount represents the number of vested ordinary shares.
- [F12]Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ordinary shares that vests in twenty-one quarterly installments, with 1/6 vesting on Jul 1, 2025 and 1/24 quarterly thereafter beginning on Oct 1, 2025, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Mar 25, 2026.
- [F13]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 129, 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, 2023, 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 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.
Signature
/s/ Fang Jiang|2026-03-26