Alibaba CFO Xu Hong sells shares for tax withholding
Alibaba Group Holding Ltd Chief Financial Officer Xu Hong reported compensation-related equity activity and a related share sale.
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Form Type
4
Rhea-AI Filing Summary
Alibaba Group Holding Ltd Chief Financial Officer Xu Hong reported compensation-related equity activity and a related share sale. Restricted share units vested and were settled into American Depositary Shares and ordinary shares, resulting in the acquisition of ordinary shares underlying 389,000 vested units. To satisfy tax withholding obligations from this vesting, 175,054 ordinary shares were sold in open-market transactions in Hong Kong at a weighted average price of $12.15 per share. Following these transactions, Xu Hong holds 280,496 ordinary shares directly and 657,570 ordinary shares indirectly through a trust.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
10 txns
Insider
Xu Hong
Role
Chief Financial Officer
Sold
175,054 shs ($2.13M)
Approx. gross sale proceeds
$2.13M
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 10,000 | $0.00 | $0.00 |
| Exercise | Restricted Share Units | 360,000 | $0.00 | $0.00 |
| Exercise | Restricted Share Units | 9,000 | $0.00 | $0.00 |
| Exercise | Restricted Share Units | 10,000 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 10,000 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 360,000 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 9,000 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 10,000 | $0.00 | $0.00 |
| Sale | Ordinary Shares | 175,054 | $12.15 | $2.13M |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units — 1,183,000 contracts (Direct);
Ordinary Shares — 280,496 shares (Direct);
Ordinary Shares — 657,570 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 94.35 to 95.80 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 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 Jun 25, 2026.
- F7. Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ADSs that vests in annual installments of 15%, 25%, 30% and 30% beginning on Aug 14, 2025, subject to the terms and conditions of theunderlying award agreement. The vesting reported herein was as of Jun 25, 2026.
- F8. Each restricted share unit represents a contingent right to receive one ordinary share. This amount represents the number of vested ordinary shares.
- F9. 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 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: 175,054 ordinary shares
Sale price: $12.15 per share
Shares from vested RSUs: 389,000 ordinary shares
+5 more
8 metrics
Shares sold
175,054 ordinary shares
Open-market sale to satisfy tax withholding obligations
Sale price
$12.15 per share
Weighted average sale price for ordinary shares
Shares from vested RSUs
389,000 ordinary shares
Ordinary shares underlying vested restricted share units
Direct holdings post-transaction
280,496 ordinary shares
Shares directly owned after reported transactions
Indirect holdings via trust
657,570 ordinary shares
Shares indirectly held through a trust
RSU vesting schedule 1
16 equal annual installments
ADS-based RSU award beginning on Jul 1, 2024
HKD to USD rate
HK$7.8464 to US$1.00
Conversion rate used for reporting sale prices
RSU vesting schedule 2
15%, 25%, 30%, 30%
Annual vesting percentages beginning on Aug 14, 2025
Key Terms
restricted share units, American Depositary Shares, tax withholding obligations, weighted average price, +2 more
6 terms
tax withholding obligations financial
"sold in the open market in Hong Kong on behalf of the reporting person to satisfy tax withholding obligations"
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.
contingent right to receive one ADS 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.
What did Alibaba (BABA) CFO Xu Hong report in this Form 4 filing?
Alibaba CFO Xu Hong reported vesting of restricted share units and a related share sale. Vested units converted into ordinary shares, and some of those shares were sold to cover tax withholding obligations tied to the equity compensation event.
What equity awards vested for Alibaba (BABA) CFO Xu Hong in this report?
The report shows vesting of restricted share units that settled into American Depositary Shares and ordinary shares. In total, the vesting covered ordinary shares underlying 389,000 restricted share units, increasing Xu Hong’s equity holdings before the tax-related sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.
