Xu Ran (NASDAQ: BIDU) details Baidu director share and restricted stock holdings

Rhea-AI Filing Summary

Baidu, Inc. director Xu Ran filed an initial ownership report showing equity holdings in the company. The filing lists 28,728 restricted shares tied to Class A ordinary shares, with an exercise price of 0.0000 per share, and 23,112 Class A ordinary shares held directly.

According to the notes, the restricted shares were granted on February 6, 2026 and vest annually in four equal installments over a 2-year period, beginning on the first anniversary of the grant date, subject to continued service. The Class A ordinary shares are held in the form of American depositary shares, each representing eight Class A ordinary shares.

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

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1. Name and Address of Reporting Person^*

Xu Ran

(Last) (First) (Middle)

NO. 10 SHANGDI 10TH STREET

(Street)

BEIJING CHINA 100085

(City) (State) (Zip)

CHINA

(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)

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

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)
Class A ordinary shares(1)	23,112	D

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
Restricted Shares	(2)	(2)	Class A ordinary shares	28,728	(2)	D

Explanation of Responses:

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.

2. Represents restricted shares granted on February 6, 2026. The restricted shares vest per annum in four equal installments over a 2-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/ Ran Xu	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 does Xu Ran's Form 3 filing for Baidu (BIDU) disclose?

The Form 3 shows Xu Ran’s initial ownership in Baidu, Inc. as a director. It reports 28,728 restricted shares linked to Class A ordinary shares and 23,112 Class A ordinary shares held directly, establishing a baseline of his equity position with the company.

How many Baidu (BIDU) restricted shares does Xu Ran report owning?

Xu Ran reports 28,728 restricted shares tied to Baidu Class A ordinary shares. These restricted shares were granted on February 6, 2026 and vest in four equal annual installments over a 2-year period, starting on the first anniversary of the grant date, contingent on continued service.

What direct Class A ordinary share holdings does Xu Ran report in Baidu (BIDU)?

The filing lists 23,112 Baidu Class A ordinary shares held directly by Xu Ran. The document also notes that the Class A ordinary shares are held in the form of American depositary shares, with each American depositary share representing eight Class A ordinary shares.

How do Xu Ran’s Baidu (BIDU) restricted shares vest over time?

The restricted shares granted to Xu Ran vest annually in four equal installments over a 2-year period. Vesting begins on the first anniversary of the February 6, 2026 grant date, and each installment requires his continued service with Baidu through the applicable vesting date.

What is the relationship between Baidu (BIDU) American depositary shares and Class A ordinary shares?

The filing explains that Baidu’s Class A ordinary shares are held in the form of American depositary shares. Each American depositary share represents eight Class A ordinary shares, providing a clear ratio between the ADSs traded and the underlying ordinary shares.