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
- None.
Negative
- None.
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 (1)
- The Class A ordinary shares are held in the form of American depositary shares. Each American depositary share represents eight Class A ordinary shares. Handsome Reward Limited is a British Virgin Islands company wholly owned by Mr. Robin Yanhong Li. 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. 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. 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. 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. 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.
