Are J. Michael Evans’ Alibaba (BABA) restricted share units fully vested now?

Several RSU awards are stated as fully vested as of Apr 1, 2026, including awards vesting annually or in full on that date. Another award continues to vest in four equal annual installments beginning Apr 1, 2024, leaving an outstanding unvested portion according to the footnotes.

[Form 4] Alibaba Group Holding Ltd Insider Trading Activity

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Alibaba Group Holding Ltd president J. Michael Evans exercised restricted share units into ordinary shares on Apr 1, 2026. Multiple restricted share unit awards in the form of American Depositary Shares vested and settled, resulting in the acquisition of 748,000 ordinary shares. The filing shows no share sales, and Evans now directly holds 748,000 ordinary shares after these vestings. Footnotes state that several awards have fully vested as of Apr 1, 2026, while another award continues to vest in installments.

Insider Trade Summary

748,000 shares exercised/converted

Mixed 8 txns

Insider EVANS J. MICHAEL

Role President

Type	Security	Shares	Price	Value
Exercise	Restricted Share Units	12,000	$0.00	--
Exercise	Restricted Share Units	80,000	$0.00	--
Exercise	Restricted Share Units	640,000	$0.00	--
Exercise	Restricted Share Units	16,000	$0.00	--
Exercise	Ordinary Shares	12,000	$0.00	--
Exercise	Ordinary Shares	16,000	$0.00	--
Exercise	Ordinary Shares	640,000	$0.00	--
Exercise	Ordinary Shares	80,000	$0.00	--

Holdings After Transaction: Restricted Share Units — 0 shares (Direct); Ordinary Shares — 12,000 shares (Direct)

Footnotes (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. 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. The restricted share unit award granted in the form of ADSs that vests in four equal annual installments beginning on Apr 1, 2023, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Apr 1, 2026. This award has fully vested. The restricted share unit award granted in the form of ADSs that vests in full on Apr 1, 2026, subject to the terms and conditions of the underlying award agreement. This award has fully vested. The restricted share unit award granted in the form of ADSs, that vests in two equal annual installments beginning on Apr 1, 2025, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Apr 1, 2026. This award has fully vested. Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ADSs that vests in four equal annual installments beginning on Apr 1, 2024, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Apr 1, 2026.

Key Figures

Ordinary shares acquired: 748,000 shares Exercises reported: 4 derivative exercises Derivative shares exercised: 748,000 shares +3 more

6 metrics

Ordinary shares acquired 748,000 shares Total underlying ordinary shares from RSU exercises on Apr 1, 2026

Exercises reported 4 derivative exercises transactionSummary exerciseCount for restricted share units

Derivative shares exercised 748,000 shares transactionSummary exerciseShares from RSU vestings

Direct holdings after transactions 748,000 shares Total ordinary shares directly held following transactions

ADS to ordinary share ratio 1 ADS : 8 ordinary shares Footnotes describing ADS structure for Alibaba

Vesting reference date Apr 1, 2026 Date as of which vesting and settlement are reported

Key Terms

Restricted Share Units, American Depositary Shares, contingent right, vested, +1 more

5 terms

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.

contingent right financial

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

vested financial

"The vesting reported herein was as of Apr 1, 2026. This award has fully vested"

unvested portion financial

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

Form 4 Insider Transactions: What Each Field Means →

04/03/2026 - 06:48 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^*

EVANS J. MICHAEL

(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
X	Officer (give title below)	Other (specify below)
	President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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	04/01/2026		M		12,000	A	⁽¹⁾	12,000	D
Ordinary Shares	04/01/2026		M		16,000	A	⁽¹⁾	28,000	D
Ordinary Shares	04/01/2026		M		640,000	A	⁽¹⁾	668,000	D
Ordinary Shares	04/01/2026		M		80,000	A	⁽¹⁾	748,000	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	⁽²⁾	04/01/2026		M			12,000	⁽³⁾	⁽³⁾	Ordinary Shares⁽²⁾	12,000⁽²⁾	$0	0⁽³⁾	D
Restricted Share Units	⁽²⁾	04/01/2026		M			80,000	⁽⁴⁾	⁽⁴⁾	Ordinary Shares⁽²⁾	80,000⁽²⁾	$0	0⁽⁴⁾	D
Restricted Share Units	⁽²⁾	04/01/2026		M			640,000	⁽⁵⁾	⁽⁵⁾	Ordinary Shares⁽²⁾	640,000⁽²⁾	$0	0⁽⁵⁾	D
Restricted Share Units	⁽²⁾	04/01/2026		M			16,000	⁽⁶⁾	⁽⁶⁾	Ordinary Shares⁽²⁾	16,000⁽²⁾	$0	16,000⁽⁶⁾	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. 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.

3. The restricted share unit award granted in the form of ADSs that vests in four equal annual installments beginning on Apr 1, 2023, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Apr 1, 2026. This award has fully vested.

4. The restricted share unit award granted in the form of ADSs that vests in full on Apr 1, 2026, subject to the terms and conditions of the underlying award agreement. This award has fully vested.

5. The restricted share unit award granted in the form of ADSs, that vests in two equal annual installments beginning on Apr 1, 2025, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Apr 1, 2026. This award has fully vested.

6. Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ADSs that vests in four equal annual installments beginning on Apr 1, 2024, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Apr 1, 2026.

	/s/ Kevin Jinwei Zhang, as Attorney-in-Fact for J. Michael Evans	04/03/2026
	** 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

FAQ

What insider transaction did Alibaba (BABA) report for J. Michael Evans?

Alibaba reported that president J. Michael Evans exercised restricted share units into ordinary shares on Apr 1, 2026. Several RSU awards vested and settled, converting into ordinary shares with no open-market sales disclosed in this filing.

How many Alibaba (BABA) shares did J. Michael Evans acquire in this Form 4?

J. Michael Evans acquired 748,000 ordinary shares as a result of restricted share units vesting and settling on Apr 1, 2026. This reflects compensation-related equity vesting rather than open-market purchases or sales, and these shares are now held directly.

Were any Alibaba (BABA) shares sold in J. Michael Evans’ latest Form 4?

No. The Form 4 shows only derivative exercises of restricted share units into ordinary shares for J. Michael Evans. All eight reported transactions are classified as acquisitions, with no sell transactions, gifts, or tax-withholding dispositions recorded in this filing.

What do the Alibaba (BABA) RSU footnotes say about ADS and ordinary shares?

The footnotes explain each restricted share unit represents a contingent right to receive one American Depositary Share, and each ADS represents eight ordinary shares. The amounts in the filing reflect the ordinary shares underlying the vested ADSs acquired through these RSU vestings.