Alibaba grants millions in share awards to employees

Alibaba Group Holding Limited announced on September 4, 2025, a grant of awards involving 2,477,630 underlying shares to certain employees under its 2024 equity incentive plan. These awards represent approximately 0.01% of the total shares in issue (excluding treasury shares) as of the announcement date. The closing price of the shares on the grant date was HK$129.80 per share. This grant aims to attract and retain talent, provide incentives for contributions, and align employee interests with those of the group and shareholders.

The awards feature mixed vesting schedules, primarily ranging from two to four years, with some vesting within 12 months of the grant date. These awards were granted without specific performance targets for the grantees. The total value of the awards granted to any individual grantee in the 12-month period, including this grant, will not exceed 1% of the shares in issue (excluding treasury shares).

Following this grant, 411,031,928 shares remain available for future grants under the 2024 plan's scheme mandate limit. Additionally, 93,716,369 shares are available under the service provider sub-limit. The awards will be satisfied through the issuance of new shares within the existing scheme mandate limit.