Alibaba e-commerce CEO acquires 670,162 vested shares

Q: How many Alibaba (BABA) ordinary shares did Fan (FJ) Jiang acquire?

Fan (FJ) Jiang acquired 670,162 ordinary shares through restricted share unit vesting and settlement on September 25, 2026.

Q: How were Alibaba (BABA) RSUs settled?

The reported RSUs settled into American Depositary Shares or ordinary shares; each ADS represents 8 ordinary shares.

The Alibaba E-commerce Business Group chief executive's awards included RSUs settled into ADSs and RSUs settled directly into ordinary shares.

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Rhea-AI Filing Summary

Alibaba Group Holding Ltd executive Fan (FJ) Jiang, Chief Executive Officer of Alibaba E-commerce Business Group, reported restricted share unit vesting and settlement on September 25, 2026, resulting in the acquisition of 670,162 ordinary shares. The awards included units settled into American Depositary Shares and units settled into ordinary shares; each ADS represents 8 ordinary shares.

Insider Trade Summary

670,162 shares exercised/converted

Exercise 8 txns

Insider Jiang Fan (FJ)

Role CEO of Business Group

Type	Security	Shares	Price	Value
Exercise	Restricted Share Units ^{F3, F4}	7,328	$0.00	$0.00
Exercise	Restricted Share Units ^{F5, F6}	7,334	$0.00	$0.00
Exercise	Restricted Share Units ^{F5, F7}	15,500	$0.00	$0.00
Exercise	Restricted Share Units ^{F5, F8}	640,000	$0.00	$0.00
Exercise	Ordinary Shares ^F1	7,328	--	--
Exercise	Ordinary Shares ^F2	7,334	--	--
Exercise	Ordinary Shares ^F2	15,500	--	--
Exercise	Ordinary Shares ^F2	640,000	--	--

Holdings After Transaction: Restricted Share Units — 1,731,672 contracts (Direct); Ordinary Shares — 1,226,779 shares (Direct)

Footnotes (8)

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.
F2. Reflects restricted share units that vested and settled into ordinary shares.
F3. 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.
F4. 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 Sep 25, 2026.
F5. Each restricted share unit represents a contingent right to receive one ordinary share. This amount represents the number of vested ordinary shares.
F6. 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 beginning on Jul 1, 2025, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Sep 25, 2026.
F7. 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 beginning on Jun 25, 2026, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Sep 25, 2026.
F8. Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ordinary shares that vests in three equal annual installments beginning on Sep 25, 2026, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Sep 25, 2026.

Key Figures

Ordinary shares acquired: 670,162 shares Ordinary shares from ADS-settled award: 7,328 shares Ordinary shares from vested award: 7,334 shares +2 more

5 metrics

Ordinary shares acquired 670,162 shares Restricted share unit vesting and settlement on September 25, 2026

Ordinary shares from ADS-settled award 7,328 shares Vesting and settlement on September 25, 2026

Ordinary shares from vested award 7,334 shares Vesting and settlement on September 25, 2026

Ordinary shares from vested award 15,500 shares Vesting and settlement on September 25, 2026

Ordinary shares from vested award 640,000 shares Vesting and settlement on September 25, 2026

Key Terms

restricted share units, American Depositary Shares, contingent right

3 terms

American Depositary Shares financial

"Each ADS represents 8 ordinary shares"

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

contingent right financial

"Each restricted share unit represents a contingent right to receive one ADS"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many Alibaba (BABA) ordinary shares did Fan (FJ) Jiang acquire?

Fan (FJ) Jiang acquired 670,162 ordinary shares through restricted share unit vesting and settlement on September 25, 2026.

How were Alibaba (BABA) RSUs settled?

The reported RSUs settled into American Depositary Shares or ordinary shares; each ADS represents 8 ordinary shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 09/29/2026 - 06:06 AM Accepted by SEC EDGAR 09/29/2026 - 06:06 AM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

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 KONG

00000

(City)

(State)

(Zip)

HONG KONG

(Country)

2. Issuer Name and Ticker or Trading Symbol
Alibaba Group Holding Ltd [ BABA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	CEO of Business Group

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/25/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Ordinary Shares	09/25/2026		M		7,328	A	⁽¹⁾	563,945	D
Ordinary Shares	09/25/2026		M		7,334	A	⁽²⁾	571,279	D
Ordinary Shares	09/25/2026		M		15,500	A	⁽²⁾	586,779	D
Ordinary Shares	09/25/2026		M		640,000	A	⁽²⁾	1,226,779	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Share Units	⁽³⁾	09/25/2026		M			7,328	⁽⁴⁾	⁽⁴⁾	Ordinary Shares⁽³⁾	7,328⁽³⁾	$0	102,672⁽⁴⁾	D
Restricted Share Units	⁽⁵⁾	09/25/2026		M			7,334	⁽⁶⁾	⁽⁶⁾	Ordinary Shares⁽⁵⁾	7,334⁽⁵⁾	$0	132,000⁽⁶⁾	D
Restricted Share Units	⁽⁵⁾	09/25/2026		M			15,500	⁽⁷⁾	⁽⁷⁾	Ordinary Shares⁽⁵⁾	15,500⁽⁵⁾	$0	217,000⁽⁷⁾	D
Restricted Share Units	⁽⁵⁾	09/25/2026		M			640,000	⁽⁸⁾	⁽⁸⁾	Ordinary Shares⁽⁵⁾	640,000⁽⁵⁾	$0	1,280,000⁽⁸⁾	D

Explanation of Responses:

1. 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.

2. Reflects restricted share units that vested and settled into ordinary shares.

3. 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.

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. The vesting reported herein was as of Sep 25, 2026.

5. Each restricted share unit represents a contingent right to receive one ordinary share. This amount represents the number of vested ordinary shares.

6. 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 beginning on Jul 1, 2025, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Sep 25, 2026.

7. 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 beginning on Jun 25, 2026, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Sep 25, 2026.

8. Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ordinary shares that vests in three equal annual installments beginning on Sep 25, 2026, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Sep 25, 2026.

Remarks:

Title: Chief Executive Officer, Alibaba E-commerce Business Group

	/s/ Kevin Jinwei Zhang, as Attorney-in-Fact for Fan Jiang	09/29/2026
	** Signature of Reporting Person	Date
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 4 (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 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR