Bilibili reports share changes from options and class Y to Z conversion

Bilibili Inc. disclosed multiple changes to its issued share capital in its Next Day Disclosure Return submitted on September 26, 2025. The company's Class Z ordinary shares, listed on the exchange, saw an increase from an opening balance of 332,104,069 shares as of September 15, 2025, to a closing balance of 332,615,891 shares as of September 25, 2025. This rise is attributed to new share issuances from the exercise of share options by eligible participants under the 2018 Share Incentive Plan.

Throughout the period from September 16 to September 25, 2025, Bilibili issued shares in multiple tranches, including 48,467, 20,419, 9,599, 1,276, 5,300, 3,532, 5,000, 8,067, and 10,162 Class Z ordinary shares, all at an issue price of $0.0001 per share. These issuances represent cumulative percentage changes relative to the existing number of issued shares before each event.

Additionally, Bilibili reported a significant conversion of 400,000 Class Y ordinary shares to Class Z ordinary shares on September 25, 2025. This conversion reduced the number of Class Y ordinary shares from an opening balance of 81,100,010 to a closing balance of 80,700,010 shares as of September 25, 2025, impacting the overall share structure. The company confirmed that all new issuances complied with relevant listing rules and regulatory requirements.