▲ 11 r/baba
Alibaba Group Holding Limited President J. Michael Evansrecently executed a major stock sale...
Not a good look for Alibaba... what do we make of this?
According to a Securities and Exchange Commission (SEC) Form 144 filing submitted on June 29, 2026, Evans sold 720,000 ordinary shares of Alibaba stock. [1, 2]
Transaction Breakdown
- Total Transaction Value: The sale generated $68,360,495.
- Average Selling Price: The shares were liquidated in blocks at weighted average prices ranging from $94.92 to $95.59 per share.
- Impact on Holdings: This transaction represented a 96.26% reduction in his direct share ownership.
- Remaining Stake: Following the completion of the sale, Evans retains direct ownership of 28,000 ordinary shares. [1, 2]
This follows previous planned or proposed sales by Evans under Rule 144, including a filing in mid-2025 for over 1 million shares. [1, 2]
u/WaitWaitIHaveIt — 5 days ago