Baidu, Inc. (BIDU) CEO logs 852,904 restricted share conversions and major Class B stake
Rhea-AI Filing Summary
Baidu, Inc. Chairman and CEO Li Yanhong Robin, through his wholly owned British Virgin Islands company Handsome Reward Limited, reported derivative transactions on restricted shares that correspond to 510,808 and 342,096 Class A ordinary shares on August 8 and 9, 2026. These restricted shares vest annually in equal installments over three years and two years, respectively, starting in 2026, and do not have expiration dates. Handsome Reward Limited holds 439,200,000 Class B ordinary shares, and certain Class A ordinary shares are held in the form of American depositary shares, each representing eight Class A ordinary shares. The reporting person’s spouse separately holds Class A and Class B shares in her personal capacity, which he disclaims beneficial ownership of.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 852,904 shares
Net Buy
7 txns
Insider
Li Yanhong Robin
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Shares F4, F2 | 342,096 | $0.00 | $0.00 |
| Exercise | Class A ordinary shares F1, F2 | 342,096 | $0.00 | $0.00 |
| Exercise | Restricted Shares F3, F2 | 510,808 | $0.00 | $0.00 |
| Exercise | Class A ordinary shares F1, F2 | 510,808 | $0.00 | $0.00 |
| holding | Class A ordinary shares F1 | -- | -- | -- |
| holding | Class B ordinary shares F2 | -- | -- | -- |
| holding | Class A ordinary shares | -- | -- | -- |
Holdings After Transaction:
Restricted Shares — 1,363,728 shares (Indirect, By Handsome Reward Limited);
Class A ordinary shares — 9,994,520 shares (Indirect, By Handsome Reward Limited);
Class A ordinary shares — 6,543,968 shares (Direct);
Class B ordinary shares — 439,200,000 shares (Indirect, By Handsome Reward Limited)
Footnotes (4)
- 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. 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.
- F4. 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.
Key Figures
Restricted shares linked to Class A (Aug 8, 2026): 510,808 shares
Restricted shares linked to Class A (Aug 9, 2026): 342,096 shares
Total shares in derivative exercises: 852,904 shares
+5 more
8 metrics
Restricted shares linked to Class A (Aug 8, 2026)
510,808 shares
Restricted shares corresponding to Class A ordinary shares, vesting over 3 years from August 8, 2026
Restricted shares linked to Class A (Aug 9, 2026)
342,096 shares
Restricted shares corresponding to Class A ordinary shares, vesting over 2 years from August 9, 2026
Total shares in derivative exercises
852,904 shares
Exercise or conversion of derivative securities reported in the transaction summary
Exercise price per share
$0.00 per share
Per-share exercise or conversion price for the reported restricted share transactions
Class B ordinary shares held
439,200,000 shares
Class B ordinary shares indirectly held by Handsome Reward Limited after reported transactions
Spouse Class A holdings
2,031,768 shares
Class A ordinary shares held personally by Ms. Melissa Ma; beneficial ownership disclaimed
Spouse Class B holdings
84,720,000 shares
Class B ordinary shares held personally by Ms. Melissa Ma; beneficial ownership disclaimed
ADS to Class A ratio
1 ADS : 8 Class A shares
Each American depositary share represents eight Class A ordinary shares
Key Terms
American depositary shares, Restricted Shares, beneficial ownership, vest per annum, +1 more
5 terms
beneficial ownership financial
"Mr. Robin Yanhong Li disclaims beneficial ownership of all of such shares."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
vest per annum financial
"The restricted shares vest per annum in two equal installments over a 2-year period"
indirect ownership financial
"Handsome Reward Limited is a British Virgin Islands company wholly owned by Mr. Robin Yanhong Li."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transactions did Baidu (BIDU) CEO Li Yanhong Robin report on August 8–9, 2026?
Li Yanhong Robin reported derivative transactions through Handsome Reward Limited involving 510,808 and 342,096 restricted shares tied to Class A ordinary shares, reflecting exercise or conversion activity with $0.00 per-share exercise prices.