Alibaba Director Acquires 32,000 Shares in Award

The director's award was fully vested on its grant date, subject to the underlying award agreement; reported direct holdings were 165,600 ordinary shares.

Rhea-AI Filing Summary

Alibaba Group Holding Ltd (BABA) director Ng Kong Ping Albert acquired 32,000 ordinary shares through an award of restricted stock units in the form of American Depositary Shares (ADSs) on September 23, 2026. The RSUs were granted and fully vested that day, subject to the terms and conditions of the underlying award agreement; each ADS represents 8 ordinary shares. He directly held 165,600 ordinary shares after the transaction.

Insider Trade Summary

Grant/Award: 32,000 shares

Grant/Award 1 txn

Insider Ng Kong Ping Albert

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Ordinary Shares F1	32,000	$0.00	$0.00

Holdings After Transaction: Ordinary Shares — 165,600 shares (Direct)

Footnotes (1)

1. F1. Represents the acquisition of 32,000 ordinary shares pursuant to an award of restricted stock units in the form of American Depositary Shares ("ADSs"). Each ADS represents 8 ordinary shares. The RSUs were granted and fully vested on Sep 23, 2026, subject to the terms and conditions of the underlying award agreement.

Key Figures

Ordinary shares acquired: 32,000 shares Direct ordinary shares following transaction: 165,600 shares ADS ratio: 8 ordinary shares per ADS

3 metrics

Ordinary shares acquired 32,000 shares Restricted stock unit award on September 23, 2026

Direct ordinary shares following transaction 165,600 shares Reported after the September 23, 2026 transaction

ADS ratio 8 ordinary shares per ADS Ratio stated for the award's American Depositary Shares

Key Terms

restricted stock units, American Depositary Shares, award agreement

3 terms

restricted stock units financial

"award of restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

American Depositary Shares financial

"in the form of American Depositary 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.

award agreement financial

"terms and conditions of the underlying award agreement"

An award agreement is a legal contract that spells out the terms of a pay or equity grant—such as stock options, restricted shares, or cash bonuses—given to an employee, director or consultant. It describes what is being granted, any conditions for keeping it (for example, earning it over time or meeting performance targets), and what happens if the person leaves or breaks rules. Investors care because these agreements affect company costs, potential share dilution and how executives are motivated and rewarded.

FAQ

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

How many shares did the BABA director acquire?

Ng Kong Ping Albert, a director of Alibaba Group Holding Ltd, acquired 32,000 ordinary shares on September 23, 2026, through restricted stock units in the form of American Depositary Shares; each ADS represents 8 ordinary shares.

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

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Available on EDGAR 09/25/2026 - 06:02 AM Accepted by SEC EDGAR 09/25/2026 - 06:02 AM Learn about SEC filing dates

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^*

Ng Kong Ping Albert

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/23/2026

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)
			Code	V	Amount	(A) or (D)	Price
Ordinary Shares	09/23/2026		A(1)		32,000	A	$0	165,600	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents the acquisition of 32,000 ordinary shares pursuant to an award of restricted stock units in the form of American Depositary Shares ("ADSs"). Each ADS represents 8 ordinary shares. The RSUs were granted and fully vested on Sep 23, 2026, subject to the terms and conditions of the underlying award agreement.

	/s/ Kevin Jinwei Zhang, as Attorney-in-Fact for Albert Kong Ping Ng	09/25/2026
	** 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)