A Form 4 filed on September 23, 2026 disclosed that Carol Yun Yau Li, a director of JD.com, Inc. (NASDAQ:JD), acquired 9,329 American depositary shares upon the vesting and settlement of restricted share units on that same date.

Key Highlights

  • Reporting person: Carol Yun Yau Li, listed as a Director of JD.com, Inc.
  • Transaction date: September 23, 2026, with 18,658 restricted share units vested on that date.
  • ADSs acquired: 9,329 American depositary shares received at a price of $0, via transaction code M (exercise or conversion).
  • Resulting ADS ownership: 27,413 American depositary shares held directly following the transaction.
  • RSU settlement: The 18,658 restricted share units, each representing the contingent right to receive one Class A ordinary share, were fully settled and reduced to 0 remaining derivative securities.
  • ADS structure: According to the filing, each ADS represents two Class A ordinary shares.

JD.com Director Li Receives ADS Grant Through RSU Vesting Settlement

According to the filing, Carol Yun Yau Li, a director of JD.com, Inc., reported changes in her beneficial ownership resulting from the vesting of restricted share units. On September 23, 2026, 18,658 restricted share units vested. The filing states these units "do not have an expiration date" and that they vested on September 23, 2026. Each restricted share unit represented the contingent right to receive one Class A ordinary share.

The vesting and settlement resulted in the acquisition of 9,329 American depositary shares, each representing two Class A ordinary shares, at a price of $0. The transaction was recorded under code M, indicating an exercise or conversion. Following this transaction, Li directly holds 27,413 American depositary shares, according to Table I of the filing. The filing also notes a foreign trading symbol of HKEX: 9618 for the issuer.

All derivative securities reported in Table II were disposed of through the M-coded conversion, leaving Li with 0 restricted share units remaining. The filing was made by one reporting person and signed by Carol Yun Yau Li on September 23, 2026.

What Was Disclosed

The filing reported the September 23, 2026 vesting of 18,658 restricted share units held by JD.com director Carol Yun Yau Li, resulting in the acquisition of 9,329 ADSs at $0 and a post-transaction direct holding of 27,413 ADSs.