Bilibili reports share capital shifts, option exercises in September

Bilibili Inc. reported a series of movements in its securities for the month ended September 30, 2025. The total authorized/registered share capital at month-end stands at $1,000,000. Class Y WVR ordinary shares maintained an authorized/registered share capital of $10,000 based on 100,000,000 shares at a par value of $0.0001 per share. For Class Z WVR ordinary shares, the authorized/registered share capital remained at $980,000 from 9,800,000,000 shares at a par value of $0.0001 per share.

In terms of issued shares, Class Y WVR ordinary shares decreased by 400,000 to 80,700,010 shares. Conversely, Class Z WVR ordinary shares saw an increase of 1,178,713, bringing the total to 332,973,005 shares, excluding 7,161,095 Class Z shares reserved for future issuance under incentive plans. The company also raised $48.37 from the exercise of share options. These movements included 483,708 new Class Z WVR ordinary shares issued from share option exercises and 295,005 new Class Z WVR ordinary shares from vested restricted share units.

Notable conversions also occurred, with 400,000 Class Y ordinary shares converting into Class Z ordinary shares on September 25, 2025. The company also granted 2,077,820 restricted share units under the Second Amended and Restated 2018 Share Incentive Plan. These changes reflect ongoing adjustments to Bilibili's capital structure and employee incentive programs.