Robin Li details Baidu (BAIDF) holdings, options and Class B stake
Rhea-AI Filing Summary
Baidu, Inc. filed a Form 3 showing Robin Yanhong Li’s initial ownership position, including direct holdings of Class A ordinary shares and substantial indirect holdings through Handsome Reward Limited, a British Virgin Islands company wholly owned by him. Certain Class A shares are held in the form of American depositary shares, with each ADS representing eight Class A ordinary shares.
The filing lists stock options held indirectly that are fully vested and exercisable for 724,800 Class A shares at an exercise price of US$21.888 per share and 469,120 Class A shares at US$23.251 per share. It also discloses several blocks of restricted Class A shares held indirectly that vest in equal annual installments over 2-, 3- and 4‑year periods starting on August 9, 2026, August 8, 2026 and August 7, 2026, contingent on continued service. In addition, Handsome Reward Limited holds 439,200,000 Class B ordinary shares, highlighting Li’s significant indirect stake and voting influence.
Positive
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Restricted Shares | -- | -- | -- |
| holding | Restricted Shares | -- | -- | -- |
| holding | Restricted Shares | -- | -- | -- |
| holding | Class A ordinary shares | -- | -- | -- |
| holding | Class B ordinary shares | -- | -- | -- |
| holding | Class A ordinary shares | -- | -- | -- |
| holding | Class A ordinary shares | -- | -- | -- |
Footnotes (7)
- F1. The Class A ordinary shares are held in the form of American depositary shares. Each American depositary share represents eight Class A ordinary shares.
- F2. Handsome Reward Limited is a British Virgin Islands company wholly owned by Mr. Robin Yanhong Li.
- F3. Represents stock options to purchase 724,800 Class A ordinary shares at an exercise price of US$21.888 per Class A ordinary share (equivalent to US$175.1 per ADS). The stock options are fully vested and exercisable as of the date of this form.
- F4. Represents stock options to purchase 469,120 Class A ordinary shares at an exercise price of US$23.251 per Class A ordinary share (equivalent to US$186.01 per ADS). The stock options are fully vested and exercisable as of the date of this form.
- F5. The restricted shares vest per annum in two equal installments over a 2-year period, starting from August 9, 2026, subject to the reporting person's continued service through the applicable vesting date. The restricted shares do not have an expiration date.
- F6. The restricted shares vest per annum in three equal installments over a 3-year period, starting from August 8, 2026, subject to the reporting person's continued service through the applicable vesting date. The restricted shares do not have an expiration date.
- F7. The restricted shares vest per annum in four equal installments over a 4-year period, starting from August 7, 2026, subject to the reporting person's continued service through the applicable vesting date. The restricted shares do not have an expiration date.
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