ALIBABA GROUP HOLDING LTD filed this 4 on 03/26/2026
Alibaba Group Holding Ltd (Form: 4, Received: 03/26/2026 11:07:36)
FORM 4
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 that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Jiang Fang
2. Issuer Name and Ticker or Trading Symbol

Alibaba Group Holding Ltd [BABA]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Chief People Officer
(Last)          (First)          (Middle)

26/F TOWER ONE, TIMES SQUARE
1 MATHESON STREET, CAUSEWAY BAY
3. Date of Earliest Transaction (MM/DD/YYYY)

3/25/2026
(Street)

HONG KONG HONG KONG 00000
4. If Amendment, Date Original Filed (MM/DD/YYYY)

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

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)        (State)        (Zip/Postal Code)
HONG KONG
(Country)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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
Ordinary Shares 3/25/2026  M  2,672 A (1)5,536,840 D  
Ordinary Shares 3/25/2026  M  7,464 A (1)5,544,304 D  
Ordinary Shares 3/25/2026  M  10,528 A (1)5,554,832 D  
Ordinary Shares 3/25/2026  M  10,672 A (1)5,565,504 D  
Ordinary Shares 3/25/2026  M  1,664 A (1)5,567,168 D  
Ordinary Shares 3/25/2026  M  1,667 A (2)5,568,835 D  
Ordinary Shares 3/25/2026  M  2,666 A (2)5,571,501 D  
Ordinary Shares 3/25/2026  S(3)  16,848 D$16.1 (4)5,554,653 D  
Ordinary Shares         23,116,864 I By trust 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. 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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Share Units  (5)3/25/2026  M     2,672   (6) (6)Ordinary Shares (5)2,672 (5)$0 0 (6)D  
Restricted Share Units  (5)3/25/2026  M     7,464   (7) (7)Ordinary Shares (5)7,464 (5)$0 7,472 (7)D  
Restricted Share Units  (5)3/25/2026  M     10,528   (8) (8)Ordinary Shares (5)10,528 (5)$0 21,072 (8)D  
Restricted Share Units  (5)3/25/2026  M     10,672   (9) (9)Ordinary Shares (5)10,672 (5)$0 32,000 (9)D  
Restricted Share Units  (5)3/25/2026  M     1,664   (10) (10)Ordinary Shares (5)1,664 (5)$0 26,672 (10)D  
Restricted Share Units  (11)3/25/2026  M     1,667   (12) (12)Ordinary Shares (11)1,667 (11)$0 26,667 (12)D  
Restricted Share Units  (11)3/25/2026  M     2,666   (13) (13)Ordinary Shares (11)2,666 (11)$0 53,334 (13)D  

Explanation of Responses:
(1) Reflects restricted share units that vested and settled into American Depositary Shares ("ADSs"). Each ADS represents 8 ordinary shares. This amount represents the ordinary shares underlying the ADSs acquired in connection with such vesting.
(2) Reflects restricted share units that vested and settled into ordinary shares.
(3) Pursuant to the issuer's equity plan, these shares of ordinary shares were withheld and sold in the open market in Hong Kong on behalf of the reporting person to satisfy tax withholding obligations related to the reporting person's vesting of restricted shares units reported herein.
(4) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging denominated in Hong Kong dollars ranging from 125 to 129, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The sales prices reported herein were converted from Hong Kong dollars to United States dollars at a conversion price of HK$7.8274 to US$1.00.
(5) Each restricted share unit represents a contingent right to receive one ADS. Each ADS represents 8 ordinary shares. This amount represents the ordinary shares underlying the vested ADSs in this award.
(6) The restricted share unit award granted in the form of ADSs that vests in six equal annual installments beginning on Apr 1, 2021, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Mar 25, 2026. This award has fully vested.
(7) Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ADSs that vests in six equal annual installments beginning on Apr 1, 2022, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Mar 25, 2026.
(8) Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ADSs that vests in six equal annual installments beginning on Apr 1, 2023, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Mar 25, 2026.
(9) Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ADSs that vests in six equal annual installments beginning on Apr 1, 2024, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Mar 25, 2026.
(10) Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ADSs that vests in twenty-four equal quarterly installments beginning on Jul 1, 2024, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Mar 25, 2026.
(11) Each restricted share unit represents a contingent right to receive one ordinary share. This amount represents the number of vested ordinary shares.
(12) Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ordinary shares that vests in twenty-one quarterly installments, with 1/6 vesting on Jul 1, 2025 and 1/24 quarterly thereafter beginning on Oct 1, 2025, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Mar 25, 2026.
(13) Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ordinary shares that vests in twenty-four equal quarterly installments on beginning on Jul 1, 2025, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Mar 25, 2026.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Jiang Fang
26/F TOWER ONE, TIMES SQUARE
1 MATHESON STREET, CAUSEWAY BAY
HONG KONG
HONG KONG
00000
HONG KONG


Chief People Officer

Signatures
/s/ Fang Jiang3/26/2026
**Signature of Reporting PersonDate


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* Form 4: SEC 1474 (03-26).