Yi Xu - 17 Mar 2026 Form 3 Insider Report for Bilibili Inc. (BILI)

Role
President, Director
Signature
/s/ Yi Xu
Issuer symbol
BILI
Transactions as of
17 Mar 2026
Net transactions value
$0
Form type
3
Filing time
17 Mar 2026, 16:15:08 UTC
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Xu Yi President, Director C/O BILIBILI INC., BLDG. 3 GUOZHENG CNTR, NO. 485 ZHENGLI ROAD, YANGPU DISTRICT, SHANGHAI, CHINA /s/ Yi Xu 17 Mar 2026 0001765539

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BILI Class Z Ordinary Shares 45,000 17 Mar 2026 Direct F1
holding BILI Class Y Ordinary Shares 24,467,208 17 Mar 2026 See footnote F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding BILI Forward Sale Contract (obligation to sell) 17 Mar 2026 Class Z Ordinary Shares See footnote F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Class Z Ordinary Shares are held in the form of American Depositary Shares ("ADSs"). Each ADS represents one (1) Class Z Ordinary Share.
F2 Represents securities held by Kami Sama Limited (the "Kami Sama"). Kami Sama is controlled by The Homur Trust, a trust established under the laws of Cayman Islands (the "Trust") and managed by TMF (Cayman) Ltd. as the trustee. Mr. Xu is the settlor of the Trust, and Mr. Xu and his family members are the Trust's beneficiaries.
F3 On each of March 26, 2025, September 26, 2025 and December 11, 2025, Kami Sama entered into a prepaid variable forward sale contract with an unaffiliated third party buyer (the "Buyer"). Each of these contracts obligates Kami Sama to deliver to the Buyer up to 1,500,000, 400,000 and 1,000,000 ADSs of the Issuer (the "Underlying ADSs"), respectively (or, at Kami Sama's election, an equivalent amount of cash based on the volume weighted average price of the ADS on the relevant valuation date(s) (the "Settlement Price")). Half of the first contract will mature on March 31, 2027, with the remaining half maturing on May 31, 2027, and the remaining two contracts will mature on, September 29, 2027 and December 17, 2027, respectively. Kami Sama pledged the Underlying ADSs to secure its obligations under the contracts. Each contract specifies the "Forward Floor Price" and "Forward Cap Price," [footnote continued]
F4 [Continued from footnote] which are based on the volume-weighted average price at which the Buyer established its hedge position during the initial hedge period. The number of ADSs to be delivered by Kami Sama to the Buyer on the maturity date is determined as follows: (a) if the Settlement Price is equal to less than the Forward Floor Price, the Underlying ADSs for such contract; (b) if the Settlement Price is between the Forward Floor Price and the Floor Cap Price, a number of ADSs equal to the product of (i) the Underlying ADSs and (ii) a percentage obtained by dividing the Forward Floor Price by the Settlement Price; and (c) if the Settlement Price is greater than the Forward Cap Price, a number of ADSs equal to the product of (i) the Underlying ADSs multiplied by (ii) a percentage obtained by dividing (1) the Forward Floor Price plus the difference between the Settlement Price and the Forward Cap Price by (2) the Settlement Price.