Alibaba (NYSE: BABA) CFO vests RSUs and sells shares for taxes

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

Net Seller: 175,054 shares ($2,126,906)

Net Sell 10 txns

Insider Xu Hong

Role Chief Financial Officer

Sold 175,054 shs ($2.13M)

Type	Security	Shares	Price	Value
Exercise	Restricted Share Units	10,000	$0.00	--
Exercise	Restricted Share Units	360,000	$0.00	--
Exercise	Restricted Share Units	9,000	$0.00	--
Exercise	Restricted Share Units	10,000	$0.00	--
Exercise	Ordinary Shares	10,000	$0.00	--
Exercise	Ordinary Shares	360,000	$0.00	--
Exercise	Ordinary Shares	9,000	$0.00	--
Exercise	Ordinary Shares	10,000	$0.00	--
Sale	Ordinary Shares	175,054	$12.15	$2.13M
holding	Ordinary Shares	--	--	--

Holdings After Transaction: Restricted Share Units — 70,000 shares (Direct, null); Ordinary Shares — 76,550 shares (Direct, null); Ordinary Shares — 657,570 shares (Indirect, By trust)

Footnotes (1)

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. Reflects restricted share units that vested and settled into ordinary shares. 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. 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. 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. 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. 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. Each restricted share unit represents a contingent right to receive one ordinary share. This amount represents the number of vested ordinary shares. 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. 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

restricted share units financial

"Reflects restricted share units that vested and settled into American Depositary 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 Depositary Shares financial

"vested and settled into American Depositary Shares ("ADSs"). 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.

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"

unvested portion of a restricted share unit award financial

"Reflects the outstanding unvested portion of a restricted share unit award granted"

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/29/2026 - 06:05 AM Accepted by SEC EDGAR 06/29/2026 - 06:04 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^*

Xu Hong

(Last) (First) (Middle)

26/F TOWER ONE, TIMES SQUARE

1 MATHESON STREET, CAUSEWAY BAY

(Street)

HONG KONG 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)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/25/2026

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)
			Code	V	Amount	(A) or (D)	Price
Ordinary Shares	06/25/2026		M		10,000	A	(1)	76,550	D
Ordinary Shares	06/25/2026		M		360,000	A	(1)	436,550	D
Ordinary Shares	06/25/2026		M		9,000	A	(2)	445,550	D
Ordinary Shares	06/25/2026		M		10,000	A	(2)	455,550	D
Ordinary Shares	06/25/2026		S(3)		175,054	D	$12.15(4)	280,496	D
Ordinary Shares								657,570	I	By trust

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
Restricted Share Units	(5)	06/25/2026		M			10,000	(6)	(6)	Ordinary Shares(5)	10,000(5)	$0	70,000(6)	D
Restricted Share Units	(5)	06/25/2026		M			360,000	(7)	(7)	Ordinary Shares(5)	360,000(5)	$0	864,000(7)	D
Restricted Share Units	(8)	06/25/2026		M			9,000	(9)	(9)	Ordinary Shares(8)	9,000(8)	$0	99,000(9)	D
Restricted Share Units	(8)	06/25/2026		M			10,000	(10)	(10)	Ordinary Shares(8)	10,000(8)	$0	150,000(10)	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. 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.

4. 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.

5. 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.

6. 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.

7. 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.

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

9. 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.

10. 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.

	/s/ Kevin Jinwei Zhang, as Attorney-in-Fact for Toby Hong Xu	06/29/2026
	** 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)

FAQ

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.

How many Alibaba (BABA) shares did Xu Hong sell, and at what price?

Xu Hong reported selling 175,054 ordinary shares in open-market transactions. The weighted average sale price was $12.15 per share, with individual trades executed in Hong Kong dollars and then converted into U.S. dollars for reporting.

Were Xu Hong’s Alibaba (BABA) share sales related to tax withholding?

Yes. The filing explains that ordinary shares were withheld and sold in the Hong Kong market to satisfy tax withholding obligations. These obligations arose from the vesting of restricted share units reported in the same Form 4 filing.

How many Alibaba (BABA) shares does Xu Hong hold after these transactions?

After the reported vesting and tax-related sale, Xu Hong directly holds 280,496 ordinary shares. He also has an indirect position of 657,570 ordinary shares held through a trust, reflecting both direct and indirect ownership in Alibaba.

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.

How are Alibaba (BABA) ADSs and ordinary shares related in Xu Hong’s filing?

The filing states that each Alibaba American Depositary Share (ADS) represents 8 ordinary shares. Some restricted share units vested into ADSs, and the disclosed amounts in the report reflect the corresponding number of underlying ordinary shares associated with those ADSs.