Alibaba (NYSE: BABA) CPO nets shares after RSU vesting and tax sale
Rhea-AI Filing Summary
Alibaba Group Holding Ltd’s Chief People Officer Jiang Fang reported compensation-related share activity tied to restricted share units vesting on Jun 25, 2026. Several RSU awards vested and settled into American Depositary Shares and ordinary shares, adding a total of 9,756 ordinary shares from derivative exercises.
To cover tax withholding obligations from this vesting, 4,898 ordinary shares were withheld and sold on the Hong Kong market at a weighted average price of $12.09 per share, based on prices in Hong Kong dollars converted at HK$7.8464 to US$1.00. After these transactions, Jiang Fang directly owns 5,559,511 ordinary shares and indirectly holds 23,116,864 ordinary shares through a trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
10 txns
Insider
Jiang Fang
Role
Chief People Officer
Sold
4,898 shs ($59K)
Approx. gross sale proceeds
$59K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 1,672 | $0.00 | $0.00 |
| Exercise | Restricted Share Units | 1,667 | $0.00 | $0.00 |
| Exercise | Restricted Share Units | 2,667 | $0.00 | $0.00 |
| Exercise | Restricted Share Units | 3,750 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 1,672 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 1,667 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 2,667 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 3,750 | $0.00 | $0.00 |
| Sale | Ordinary Shares | 4,898 | $12.09 | $59K |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units — 156,917 shares (Direct);
Ordinary Shares — 5,559,511 shares (Direct);
Ordinary Shares — 23,116,864 shares (Indirect, By trust)
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.
- 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 94.15 to 94.9 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$7.8464 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. 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 Jun 25, 2026.
- F7. Each restricted share unit represents a contingent right to receive one ordinary share. This amount represents the number of vested ordinary shares.
- F8. 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 Jun 25, 2026.
- F9. 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 Jun 25, 2026.
- 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 Jun 25, 2026, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Jun 25, 2026.
Key Figures
Shares sold for tax withholding: 4,898 ordinary shares
Weighted average sale price: $12.09 per share
Shares acquired from RSU vesting: 9,756 ordinary shares
+4 more
7 metrics
Shares sold for tax withholding
4,898 ordinary shares
Sold in Hong Kong to satisfy RSU-related tax obligations
Weighted average sale price
$12.09 per share
Converted from Hong Kong dollar prices between HK$94.15–HK$94.90
Shares acquired from RSU vesting
9,756 ordinary shares
Ordinary shares underlying vested restricted share units
Direct holdings after transactions
5,559,511 ordinary shares
Direct ownership by Jiang Fang as of Jun 25, 2026
Indirect holdings via trust
23,116,864 ordinary shares
Indirect ownership by trust associated with Jiang Fang
FX conversion rate
HK$7.8464 to US$1.00
Rate used to convert Hong Kong dollar sale prices to U.S. dollars
Sale price range in HKD
HK$94.15–HK$94.90
Range of Hong Kong dollar prices for tax-withholding share sales
Key Terms
Restricted Share Units, American Depositary Shares, weighted average price, tax withholding obligations, +2 more
6 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
tax withholding obligations financial
"sold in the open market in Hong Kong on behalf of the reporting person to satisfy tax withholding obligations"
contingent right to receive financial
"Each restricted share unit represents a contingent right to receive one ADS."
quarterly installments financial
"award granted in the form of ADSs that vests in twenty-four equal quarterly installments"
FAQ
What did Alibaba (BABA) executive Jiang Fang report in this Form 4?
Jiang Fang reported RSU vesting that converted into ordinary shares and ADS-linked shares. A portion of the resulting ordinary shares was sold to satisfy tax withholding obligations, and her updated direct and indirect shareholdings in Alibaba were disclosed.
Do Jiang Fang’s Alibaba (BABA) transactions indicate an open-market sale decision?
The filing states that shares were sold in Hong Kong to satisfy tax withholding obligations from RSU vesting. This indicates a compensation-driven, mechanistic sale rather than a discretionary open-market trade based on Jiang Fang’s independent investment decision.
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