Alibaba

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-09-25 10b5-1 Pre-arranged Plan: No --- Issuer --- Name: Alibaba Group Holding Ltd (BABA) CIK: 0001577552 --- Reporting Owner --- Name: Jiang Fan (FJ) CIK: 0002115804 Role: Officer (CEO of Business Group) --- Non-Derivative Transactions --- [Transaction #1] Security: Ordinary Shares Date: 2026-09-25 | Code: M (Exercise of derivative) Shares: +7,328 Shares Owned After: 563,945 | Ownership: D (Direct) Footnotes: [F1] 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. [Transaction #2] Security: Ordinary Shares Date: 2026-09-25 | Code: M (Exercise of derivative) Shares: +7,334 Shares Owned After: 571,279 | Ownership: D (Direct) Footnotes: [F2] Reflects restricted share units that vested and settled into ordinary shares. [Transaction #3] Security: Ordinary Shares Date: 2026-09-25 | Code: M (Exercise of derivative) Shares: +15,500 Shares Owned After: 586,779 | Ownership: D (Direct) Footnotes: [F2] Reflects restricted share units that vested and settled into ordinary shares. [Transaction #4] Security: Ordinary Shares Date: 2026-09-25 | Code: M (Exercise of derivative) Shares: +640,000 Shares Owned After: 1,226,779 | Ownership: D (Direct) Footnotes: [F2] Reflects restricted share units that vested and settled into ordinary shares. --- Derivative Transactions --- [Transaction #1] Security: Restricted Share Units Date: 2026-09-25 | Code: M (Exercise of derivative) Shares: -7,328 | Price: $0.00 Shares Owned After: 102,672 | Ownership: D (Direct) Footnotes: [F3] 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. [F4] 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 Sep 25, 2026. [F4] 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 Sep 25, 2026. [F3] 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. [F3] 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. [F4] 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 Sep 25, 2026. [Transaction #2] Security: Restricted Share Units Date: 2026-09-25 | Code: M (Exercise of derivative) Shares: -7,334 | Price: $0.00 Shares Owned After: 132,000 | Ownership: D (Direct) Footnotes: [F5] Each restricted share unit represents a contingent right to receive one ordinary share. This amount represents the number of vested ordinary shares. [F6] 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 beginning on Jul 1, 2025, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Sep 25, 2026. [F6] 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 beginning on Jul 1, 2025, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Sep 25, 2026. [F5] Each restricted share unit represents a contingent right to receive one ordinary share. This amount represents the number of vested ordinary shares. [F5] Each restricted share unit represents a contingent right to receive one ordinary share. This amount represents the number of vested ordinary shares. [F6] 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 beginning on Jul 1, 2025, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Sep 25, 2026. [Transaction #3] Security: Restricted Share Units Date: 2026-09-25 | Code: M (Exercise of derivative) Shares: -15,500 | Price: $0.00 Shares Owned After: 217,000 | Ownership: D (Direct) Footnotes: [F5] Each restricted share unit represents a contingent right to receive one ordinary share. This amount represents the number of vested ordinary shares. [F7] Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ordinary shares that vests in sixteen equal quarterly installments beginning on Jun 25, 2026, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Sep 25, 2026. [F7] Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ordinary shares that vests in sixteen equal quarterly installments beginning on Jun 25, 2026, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Sep 25, 2026. [F5] Each restricted share unit represents a contingent right to receive one ordinary share. This amount represents the number of vested ordinary shares. [F5] Each restricted share unit represents a contingent right to receive one ordinary share. This amount represents the number of vested ordinary shares. [F7] Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ordinary shares that vests in sixteen equal quarterly installments beginning on Jun 25, 2026, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Sep 25, 2026. [Transaction #4] Security: Restricted Share Units Date: 2026-09-25 | Code: M (Exercise of derivative) Shares: -640,000 | Price: $0.00 Shares Owned After: 1,280,000 | Ownership: D (Direct) Footnotes: [F5] Each restricted share unit represents a contingent right to receive one ordinary share. This amount represents the number of vested ordinary shares. [F8] Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ordinary shares that vests in three equal annual installments beginning on Sep 25, 2026, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Sep 25, 2026. [F8] Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ordinary shares that vests in three equal annual installments beginning on Sep 25, 2026, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Sep 25, 2026. [F5] Each restricted share unit represents a contingent right to receive one ordinary share. This amount represents the number of vested ordinary shares. [F5] Each restricted share unit represents a contingent right to receive one ordinary share. This amount represents the number of vested ordinary shares. [F8] Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ordinary shares that vests in three equal annual installments beginning on Sep 25, 2026, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Sep 25, 2026. --- Footnotes (Complete Index) --- F1: 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. F2: Reflects restricted share units that vested and settled into ordinary shares. F3: 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. F4: 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 Sep 25, 2026. F5: Each restricted share unit represents a contingent right to receive one ordinary share. This amount represents the number of vested ordinary shares. F6: 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 beginning on Jul 1, 2025, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Sep 25, 2026. F7: Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ordinary shares that vests in sixteen equal quarterly installments beginning on Jun 25, 2026, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Sep 25, 2026. F8: Reflects the outstanding unvested portion of a restricted share unit award granted in the form of ordinary shares that vests in three equal annual installments beginning on Sep 25, 2026, subject to the terms and conditions of the underlying award agreement. The vesting reported herein was as of Sep 25, 2026. --- Signature --- /s/ /s/ Kevin Jinwei Zhang, as Attorney-in-Fact for Fan Jiang (2026-09-29)