Li Yanhong Robin, Chairman and Chief Executive Officer of Baidu, Inc. (NASDAQ: BIDU), filed a Form 4 on August 10, 2026, disclosing changes in beneficial ownership stemming from transactions dated August 6 and August 7, 2026.

Key Highlights

  • Restricted shares acquired: 1,966,824 restricted Class A ordinary shares were acquired on August 6, 2026, at a price of $0, vesting in four equal annual installments beginning August 6, 2027.
  • Vested shares converted: 527,200 restricted Class A ordinary shares held indirectly through Handsome Reward Limited were converted (transaction code M) on August 7, 2026, at a price of $0.
  • Shares disposed: Two separate disposals of Class A ordinary shares were reported: 3,530,768 shares and 3,013,200 shares.
  • Post-transaction Class A holding: Handsome Reward Limited indirectly holds 9,141,616 Class A ordinary shares following the reported transactions.
  • Class B shares: 439,200,000 Class B ordinary shares are held indirectly through Handsome Reward Limited.
  • Handsome Reward Limited: The filing identifies Handsome Reward Limited as a British Virgin Islands company wholly owned by Mr. Robin Yanhong Li.

Baidu Chairman and CEO Li Yanhong Robin's August 2026 Ownership Changes

According to the filing, Li Yanhong Robin, serving as Chairman of the Board of Directors and Chief Executive Officer, reported two categories of activity. On August 6, 2026, 1,966,824 restricted Class A ordinary shares were acquired at $0 as a derivative security. These shares are scheduled to vest in four equal annual installments over a four-year period beginning August 6, 2027, contingent on the reporting person's continued service through each applicable vesting date, and the filing states the restricted shares do not have an expiration date.

On August 7, 2026, 527,200 restricted Class A ordinary shares previously held indirectly through Handsome Reward Limited underwent an M-coded transaction (conversion) at $0, resulting in those shares being reflected as Class A ordinary shares in Table I. The filing also reports disposals of 3,530,768 and 3,013,200 Class A ordinary shares. Following all reported transactions, Handsome Reward Limited indirectly holds 9,141,616 Class A ordinary shares and 439,200,000 Class B ordinary shares. The filing notes that Class A ordinary shares are held in the form of American depositary shares, with each American depositary share representing eight Class A ordinary shares.

The filing's Remarks section discloses that Ms. Melissa Ma, Mr. Robin Yanhong Li's wife, holds in her personal capacity 2,031,768 Class A ordinary shares, including in the form of American depositary shares, and 84,720,000 Class B ordinary shares as of the filing date. The filing states that Mr. Robin Yanhong Li disclaims beneficial ownership of all such shares.

What Was Disclosed

The Form 4 disclosed restricted share grants, a vesting conversion, and disposals of Class A ordinary shares by Baidu's Chairman and CEO, Li Yanhong Robin, through his wholly owned entity Handsome Reward Limited, with transactions dated August 6 and August 7, 2026.