Bilibili grants CFO 400,000 RSUs over 6 years

Bilibili’s CFO was granted 400,000 RSUs that vest over six years into Class Z ordinary shares.

Available on EDGAR 09/18/2026 - 06:08 AM EDT Accepted by SEC EDGAR 09/18/2026 - 06:08 AM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Bilibili Inc. (symbol: BILI) is the issuer of record for a Form 4 filing submitted to the SEC. Fan Xin reported acquisition or exercise transactions in this Form 4 filing.

Bilibili Inc. (BILI) reported that its Chief Financial Officer, Fan Xin, received a grant of 400,000 restricted share units (RSUs) on September 16, 2026. Each RSU represents a contingent right to receive one Class Z ordinary share of Bilibili after vesting over a six-year period.

Insider Trade Summary

Grant/Award: 400,000 shares

Grant/Award 1 txn

Insider Fan Xin

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Class Z ordinary shares F1	400,000	$0.00	$0.00

Holdings After Transaction: Class Z ordinary shares — 400,000 shares (Direct)

Footnotes (1)

1. F1. Represents 400,000 restricted share units (RSUs) granted on September 16, 2026, the vesting period of which is six years. Each RSU represents a contingent right to receive one Class Z ordinary share of the Issuer.

Key Figures

RSUs granted: 400,000 units Grant price per RSU: $0.00 per unit Shares following transaction: 400,000 Class Z ordinary shares +2 more

5 metrics

RSUs granted 400,000 units Restricted share units granted to CFO on September 16, 2026

Grant price per RSU $0.00 per unit Reported transaction price for RSU grant

Shares following transaction 400,000 Class Z ordinary shares Direct holdings reported after RSU grant

Vesting period 6 years Vesting period for the 400,000 RSUs granted September 16, 2026

Transaction date September 16, 2026 Date of RSU grant to CFO

Key Terms

restricted share units (RSUs), Class Z ordinary shares, contingent right

3 terms

restricted share units (RSUs) financial

"Represents 400,000 restricted share units (RSUs) granted on September 16, 2026"

Restricted share units (RSUs) are a form of employee pay where a company promises to give shares (or their cash value) to workers after certain conditions, usually time or performance, are met. For investors, RSUs matter because they can increase the number of shares outstanding and signal how management is being paid and incentivized—think of them as delayed bonuses that convert into ownership when vesting conditions are satisfied.

Class Z ordinary shares financial

"Each RSU represents a contingent right to receive one Class Z ordinary share"

Class Z ordinary shares are a labeled category of common stock whose specific rights—such as voting power, dividend claims, transfer rules or conversion features—are set by the issuing company’s governing documents. For investors, the label alone doesn’t guarantee particular privileges: the exact economic and control effects depend on the company’s rules, so understanding those terms is like checking which keys on a key ring open which doors before deciding which key to buy.

contingent right financial

"Each RSU represents a contingent right to receive one Class Z ordinary share"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Bilibili Inc. (BILI) disclose for Fan Xin?

Fan Xin, Chief Financial Officer of Bilibili Inc., reported a grant of 400,000 restricted share units (RSUs) on September 16, 2026. The award was reported at $0.00 per unit, consistent with a compensation grant rather than an open-market purchase.

How many BILI-related RSUs were granted to the CFO and what do they convert into?

The CFO received 400,000 RSUs. Each RSU represents a contingent right to receive one Class Z ordinary share of Bilibili Inc., subject to the vesting conditions described in the grant.

Over what period do the newly granted BILI RSUs to the CFO vest?

The 400,000 RSUs granted to Bilibili’s CFO have a six-year vesting period. The RSUs convert into Class Z ordinary shares of Bilibili as they vest over that time, according to the terms of the award.

What is Fan Xin’s reported BILI Class Z ordinary share position after this transaction?

Following the grant, Fan Xin is reported as holding 400,000 Class Z ordinary shares on a direct basis, reflecting the full amount of the RSU award reported in this Form 4 filing.

Was the Bilibili (BILI) CFO’s RSU grant made under a Rule 10b5-1 trading plan?

The filing indicates the Rule 10b5-1 checkbox is not marked, and there is no footnote stating that this RSU grant was made pursuant to a Rule 10b5-1 trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Fan Xin

(Last) (First) (Middle)

C/O BILIBILI INC., BLDG. 3 GUOZHENG CNTR

NO. 485 ZHENGLI ROAD, YANGPU DISTRICT

(Street)

SHANGHAI 200433

(City) (State) (Zip)

CHINA

(Country)

2. Issuer Name and Ticker or Trading Symbol
Bilibili Inc. [ BILI ]

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

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

2a. Foreign Trading Symbol
[HKEX: 9626]

3. Date of Earliest Transaction (Month/Day/Year)
09/16/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class Z ordinary shares(1)	09/16/2026		A		400,000	A	$0	400,000	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents 400,000 restricted share units (RSUs) granted on September 16, 2026, the vesting period of which is six years. Each RSU represents a contingent right to receive one Class Z ordinary share of the Issuer.

	/s/ Xin Fan	09/18/2026
	** 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 4 (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 4: SEC 1474 (03-26)