Baidu (BIDU) CFO He Haijian discloses options and restricted shares

Rhea-AI Filing Summary

Baidu, Inc. Chief Financial Officer He Haijian has reported his initial equity holdings as an insider. He holds stock options covering 501,360 Class A ordinary shares with an exercise price of $10.9340 per share, expiring on August 7, 2035. These options were granted on August 7, 2025 and vest in four equal annual installments starting from the first anniversary of the grant date, subject to his continued service.

He also holds 606,160 restricted Class A ordinary shares granted on August 7, 2025, which vest in four equal annual installments beginning on the first anniversary of the grant date, again contingent on continued service. The restricted shares do not have an expiration date. The filing reflects holdings and vesting terms rather than any open-market purchases or sales.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider He Haijian

Role Chief Financial Officer

Type	Security	Shares	Price	Value
holding	Stock Option (Right to Buy)	--	--	--
holding	Restricted Shares	--	--	--

Holdings After Transaction: Stock Option (Right to Buy) — 501,360 shares (Direct); Restricted Shares — 606,160 shares (Direct)

Footnotes (1)

1. Represents stock options to purchase 501,360 Class A ordinary shares granted on August 7, 2025. The stock options vest per annum in four equal installments over a 4-year period, starting from the first anniversary of the grant date, subject to the reporting person's continued service through the applicable vesting date. Represents restricted shares granted on August 7, 2025. The restricted shares vest per annum in four equal installments over a 4-year period, starting from the first anniversary of the grant date, 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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SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
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hours per response:			0.5

1. Name and Address of Reporting Person^*

He Haijian

(Last) (First) (Middle)

NO. 10 SHANGDI 10TH STREET

(Street)

BEIJING 100085

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Baidu, Inc. [ BIDU ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	(1)	08/07/2035	Class A ordinary shares	501,360	$10.934	D
Restricted Shares	(2)	(2)	Class A ordinary shares	606,160	(2)	D

Explanation of Responses:

1. Represents stock options to purchase 501,360 Class A ordinary shares granted on August 7, 2025. The stock options vest per annum in four equal installments over a 4-year period, starting from the first anniversary of the grant date, subject to the reporting person's continued service through the applicable vesting date.

2. Represents restricted shares granted on August 7, 2025. The restricted shares vest per annum in four equal installments over a 4-year period, starting from the first anniversary of the grant date, subject to the reporting person's continued service through the applicable vesting date. The restricted shares do not have an expiration date.

	/s/ Haijian He	03/18/2026
	** 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 5 (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 3: SEC 1473 (03-26)

FAQ

What insider holdings did Baidu (BAIDF) CFO He Haijian report?

He Haijian reported stock options and restricted shares in Baidu. The options cover 501,360 Class A ordinary shares, and he also holds 606,160 restricted Class A ordinary shares, all subject to multi-year vesting tied to his continued service at the company.

How many Baidu Class A shares are covered by He Haijian’s stock options?

The reported stock options cover 501,360 Baidu Class A ordinary shares. They were granted on August 7, 2025 and vest in four equal annual installments starting from the first anniversary of that grant date, contingent on He Haijian’s continued service with Baidu.

What are the key terms of Baidu CFO He Haijian’s stock options?

His options have an exercise price of $10.9340 per Class A ordinary share and expire on August 7, 2035. They vest in four equal annual installments beginning on the first anniversary of the August 7, 2025 grant date, subject to continued service requirements.

What restricted shares did Baidu CFO He Haijian disclose holding?

He disclosed 606,160 restricted Class A ordinary shares of Baidu. These restricted shares were granted on August 7, 2025 and vest in four equal annual installments starting from the first anniversary of the grant date, provided he continues to serve at Baidu; they have no expiration date.

Does Baidu CFO He Haijian’s Form 3 show any stock purchases or sales?

The Form 3 shows holdings and grant-based awards, not open-market trades. It reports stock options and restricted shares with specified vesting schedules, but no transactions classified as purchases or sales, making this a baseline disclosure of his beneficial ownership in Baidu.

Why is Baidu CFO He Haijian’s Form 3 filing important for investors?

The filing establishes a baseline of He Haijian’s equity-based compensation and ownership in Baidu. Knowing his stock options and restricted share grants helps investors understand how his incentives are aligned with company performance through long-term, service-based vesting conditions on substantial equity awards.