STOCK TITAN
  1. Home
  2. Sec-filings
  3. BABA
  4. [Form 3] Alibaba Group Holding Ltd Initial Statement of Beneficial Ownership

Alibaba (NYSE: BABA) executive details ordinary share and RSU holdings

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

Alibaba Group Holding Ltd executive Jiang Fan (CEO of a Business Group) filed an initial ownership report showing direct holdings of 540,027 ordinary shares. He also holds multiple restricted share unit awards that together are linked to several million ordinary shares, with vesting schedules stretching from 2024 to 2026 and beyond.

Positive

  • None.

Negative

  • None.
Insider Jiang Fan (FJ)
Role CEO of Business Group
Type Security Shares Price Value
holding Restricted Share Units -- -- --
holding Restricted Share Units -- -- --
holding Restricted Share Units -- -- --
holding Restricted Share Units -- -- --
holding Restricted Share Units -- -- --
holding Ordinary Shares -- -- --
Holdings After Transaction: Restricted Share Units — 36,000 shares (Direct, null); Ordinary Shares — 540,027 shares (Direct, null)
Footnotes (1)
  1. Reflects the outstanding unvested portion of a restricted share unit award granted in the form of American Depository Shares ("ADSs") that vests in four equal annual installments beginning on Apr 1, 2024, subject to the terms and conditions of the underlying award agreement. 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 ADSs in this award. Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ADSs that vests in ten equal annual installments beginning on Jun 19, 2024, subject to the terms and conditions of the underlying award agreement. 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. 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. Each restricted share unit represents a contingent right to receive one ordinary share. Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ordinary shares that vests in three equal annually installments on beginning on Sep 25, 2026, subject to the terms and conditions of the underlying award agreement.
Direct ordinary share holdings 540,027 ordinary shares Direct ownership reported by Jiang Fan
RSU underlying shares (award 1) 1,920,000 ordinary shares Unvested portion of ADS-based RSU award
RSU underlying shares (award 2) 146,667 ordinary shares Unvested portion of ADS-based RSU award
RSU underlying shares (award 3) 117,336 ordinary shares Unvested portion of ADS-based RSU award
RSU underlying shares (award 4) 2,240,000 ordinary shares Unvested portion of ordinary-share RSU award
RSU underlying shares (award 5) 36,000 ordinary shares Unvested portion of ordinary-share RSU award
ADS to ordinary share ratio 1 ADS = 8 ordinary shares Conversion ratio for ADS-based RSU awards
Restricted Share Units financial
"Reflects the outstanding unvested portion of a restricted share unit award granted in the form of American Depository Shares"
Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.
American Depository Shares financial
"restricted share unit award granted in the form of American Depository Shares ("ADSs") that vests in four equal annual installments"
American depository shares are U.S.-listed securities that stand in for a foreign company’s ordinary shares, held by a U.S. bank which issues the ADS so investors can trade the foreign stock in U.S. dollars and on U.S. exchanges. Think of them like a locally wrapped version of a foreign product—easier to buy and sell at home—but they still carry risks from currency differences, foreign rules and potential limits on voting rights, so they affect access, liquidity and investment risk.
contingent right financial
"Each restricted share unit represents a contingent right to receive one ADS."
unvested portion financial
"Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ordinary shares"
installments financial
"vests in twenty-four equal quarterly installments beginning on Jul 1, 2024, subject to the terms and conditions"
Installments are a series of scheduled partial payments that together cover a larger amount owed or due, like paying for a purchase or loan in weekly or monthly pieces rather than all at once. For investors, installments matter because they change when cash moves between parties, affect a company’s or counterparty’s short-term cash flow and risk of missed payments, and can influence valuation or perceived financial stability much like spreading the cost of a car over monthly payments.
Understanding Insider Trading Forms →
SEC Form 3
FORM 3UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0104
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
Jiang Fan (FJ)
(Last)(First)(Middle)
26/F TOWER ONE, TIMES SQUARE
1 MATHESON STREET, CAUSEWAY BAY
(Street)
HONG KONGHONG KONG00000
(City)(State)(Zip)
HONG KONG
(Country)		2. Date of Event Requiring Statement (Month/Day/Year)
05/20/2026		3. Issuer Name and Ticker or Trading Symbol
Alibaba Group Holding Ltd [ BABA ]
3a. Foreign Trading Symbol
5. If Amendment, Date of Original Filed (Month/Day/Year)
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
CEO of Business Group
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary Shares540,027D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year)3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Share Units (1) (1)Ordinary Shares(2)36,000(1)(2)(2)D
Restricted Share Units (3) (3)Ordinary Shares(2)2,240,000(2)(3)(2)D
Restricted Share Units (4) (4)Ordinary Shares(2)117,336(2)(4)(2)D
Restricted Share Units (5) (5)Ordinary Shares(6)146,667(5)(6)(6)D
Restricted Share Units (7) (7)Ordinary Shares(6)1,920,000(6)(7)(6)D
Explanation of Responses:
1. Reflects the outstanding unvested portion of a restricted share unit award granted in the form of American Depository Shares ("ADSs") that vests in four equal annual installments beginning on Apr 1, 2024, subject to the terms and conditions of the underlying award agreement.
2. 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 ADSs in this award.
3. Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ADSs that vests in ten equal annual installments beginning on Jun 19, 2024, subject to the terms and conditions of the underlying award agreement.
4. 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.
5. 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.
6. Each restricted share unit represents a contingent right to receive one ordinary share.
7. Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ordinary shares that vests in three equal annually installments on beginning on Sep 25, 2026, subject to the terms and conditions of the underlying award agreement.
Remarks:
Title: Chief Executive Officer, Alibaba E-commerce Business Group
/s/ Kevin Jinwei Zhang, as Attorney-in-Fact for Fan Jiang05/20/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What does Alibaba (BABA) executive Jiang Fan report in this Form 3?

Jiang Fan reports his initial ownership position in Alibaba securities. The filing shows 540,027 ordinary shares held directly, plus several large restricted share unit awards that convert into ordinary shares over time under specific vesting schedules.

How many Alibaba ordinary shares does Jiang Fan directly hold?

He directly holds 540,027 ordinary shares of Alibaba. This figure represents his reported direct ownership, separate from his restricted share unit awards that may convert into additional ordinary shares as they vest over future periods.

What restricted share unit awards are disclosed for Jiang Fan in Alibaba (BABA)?

The filing discloses several restricted share unit awards tied to Alibaba shares. These include awards linked to 1,920,000, 2,240,000, 146,667, 117,336 and 36,000 ordinary shares, each subject to vesting conditions described in their underlying award agreements.

How do Jiang Fan’s Alibaba restricted share units convert into shares?

Each restricted share unit represents a contingent right to receive either one American Depository Share or one ordinary share. For ADS-denominated awards, each ADS represents 8 ordinary shares, and the reported amounts reflect the underlying ordinary shares available on vesting.

What are the vesting terms of Jiang Fan’s Alibaba RSU awards?

The awards vest over different schedules, including four equal annual installments starting April 1, 2024, ten equal annual installments from June 19, 2024, and twenty-four quarterly installments beginning July 1, 2024 and July 1, 2025, plus another award vesting in three annual installments from September 25, 2026.

Does this Alibaba Form 3 indicate Jiang Fan bought or sold shares?

The Form 3 is an initial ownership statement, not a trade report. It lists Jiang Fan’s existing holdings in ordinary shares and restricted share units, without identifying any specific purchases or sales on the reported date.