Xu Hong 4
4 · Alibaba Group Holding Ltd · Filed Mar 26, 2026
Research Summary
AI-generated summary of this filing
Alibaba (BABA) CFO Xu Hong Sells 54,450 Shares After RSU Vesting
What Happened
Xu Hong, Chief Financial Officer of Alibaba Group (BABA), had multiple restricted share units (RSUs) vest on March 25, 2026 and those awards converted/settled into ordinary shares and ADSs. On the same day she sold 54,450 shares in the open market at a weighted-average price of $16.07 per share for proceeds of $875,012. The Form 4 also records conversion/exercise-type entries for 62,000; 40,000; 10,000; and 9,000 shares showing $0.00 price, which reflect settlement of RSUs (no cash paid) into shares.
Key Details
- Transaction date: March 25, 2026 (filed March 26, 2026). Filing appears timely.
- Open-market sale: 54,450 shares at $16.07 (weighted avg) — proceeds $875,012.
- RSU settlements/exercises shown: 62,000; 40,000; 10,000; 9,000 shares (recorded with $0.00 price indicating conversion/settlement).
- Shares owned after transaction: Not specified in the provided excerpt; see the full Form 4 for total holdings.
- Notable footnotes: withholding/sale to satisfy tax obligations is reported (footnote F3); sales prices were converted from HKD to USD at HK$7.8274 = US$1 (footnote F4). Some vested awards settled into ADSs (each ADS = 8 ordinary shares) per related footnotes (F1, F5).
- Transaction type notes: “M” entries are exercise/conversion of derivatives (RSU settlements); the open-market sale is coded as “S.” No 10b5-1 plan or late filing flags are indicated in the provided data.
Context
The zero-price derivative entries represent RSU/award settlements (not cash purchases) and the subsequent open-market sale appears to include shares sold to satisfy tax-withholding obligations — a routine practice for many executives. That type of withholding sale is common and does not in itself indicate insider sentiment about the stock.
Insider Transaction Report
Form 4
Xu Hong
Chief Financial Officer
Transactions
- Exercise/Conversion
Ordinary Shares
[F1]2026-03-25+62,000→ 62,000 total - Exercise/Conversion
Ordinary Shares
[F1]2026-03-25+40,000→ 102,000 total - Exercise/Conversion
Ordinary Shares
[F1]2026-03-25+10,000→ 112,000 total - Exercise/Conversion
Ordinary Shares
[F2]2026-03-25+9,000→ 121,000 total - Sale
Ordinary Shares
[F3][F4]2026-03-25$16.07/sh−54,450$875,012→ 66,550 total - Exercise/Conversion
Restricted Share Units
[F5][F6]2026-03-25−62,000→ 0 total→ Ordinary Shares (62,000 underlying) - Exercise/Conversion
Restricted Share Units
[F5][F7]2026-03-25−40,000→ 40,000 total→ Ordinary Shares (40,000 underlying) - Exercise/Conversion
Restricted Share Units
[F5][F8]2026-03-25−10,000→ 80,000 total→ Ordinary Shares (10,000 underlying) - Exercise/Conversion
Restricted Share Units
[F9][F10]2026-03-25−9,000→ 108,000 total→ Ordinary Shares (9,000 underlying)
Holdings
- 657,570(indirect: By Trust)
Ordinary Shares
Footnotes (10)
- [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 ordinary shares that vests in sixteen 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 denominated in Hong Kong dollars ranging from 125.75 to 126.29 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 four 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. 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 four 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.
- [F8]Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ADSs that vests in sixteen equal annual 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.
- [F9]Each restricted share unit represents a contingent right to receive one ordinary share. This amount represents the number of vested ordinary shares.
Signature
/s/ Toby Hong Xu|2026-03-26