Baidu, Inc. Chief Financial Officer He Haijian filed a Form 4 on August 10, 2026, disclosing the vesting of 151,536 Class A ordinary shares and the grant of 122,792 new restricted shares on August 6, 2026.

Key Highlights

  • Vesting event: 151,536 Class A ordinary shares were acquired by He Haijian on August 7, 2026, via transaction code M (exercise/conversion), at a price of $0.000.
  • New restricted share grant: 122,792 restricted shares were granted on August 6, 2026, with a four-year vesting schedule: 25% on August 6, 2027, 25% on August 6, 2028, and 50% on August 6, 2030.
  • Post-transaction ownership: Following the reported transactions, He Haijian directly holds 151,536 Class A ordinary shares and 454,624 derivative securities (restricted shares).
  • ADS structure: According to the filing, the Class A ordinary shares are held in the form of American depositary shares, with each ADS representing eight Class A ordinary shares.
  • Reporting person role: He Haijian is identified in the filing as Chief Financial Officer of Baidu, Inc. (BIDU).

Baidu CFO's August 2026 Share Transactions: Vesting and New Award Details

According to the Form 4 filed with the SEC on August 10, 2026, He Haijian, Chief Financial Officer of Baidu, Inc. (BIDU), reported two distinct transactions. On August 7, 2026, 151,536 Class A ordinary shares were acquired through the vesting of restricted shares originally granted on August 7, 2025. The filing notes these shares vest in four equal annual installments over a four-year period starting from the first anniversary of the grant date, subject to the reporting person's continued service through each applicable vesting date.

Separately, the filing discloses a new restricted share grant of 122,792 shares made on August 6, 2026. These shares are subject to a structured vesting schedule: 25% vest on August 6, 2027, 25% on August 6, 2028, and the remaining 50% on August 6, 2030, contingent on continued service. The filing states that these restricted shares do not have an expiration date. Both grants carry a conversion or exercise price of $0.000.

Following the reported transactions, the filing states He Haijian directly holds 151,536 Class A ordinary shares and 454,624 restricted shares (derivative securities). The filing clarifies that the Class A ordinary shares are held in the form of American depositary shares, each representing eight Class A ordinary shares. The form was signed by Haijian He on August 10, 2026.

What Was Disclosed

The filing reports a vesting of 151,536 Class A ordinary shares and a new restricted share grant of 122,792 shares to Baidu's CFO, along with resulting beneficial ownership totals, vesting schedules, and the ADS conversion structure.