Ni Li - 17 Mar 2026 Form 3 Insider Report for Bilibili Inc. (BILI)

Role: Vice Chairwoman and COO, Director
Signature: /s/ Ni Li
Issuer symbol: BILI
Transactions as of: 17 Mar 2026
Net transactions value: $0
Form type: 3
Filing time: 17 Mar 2026, 16:13:06 UTC
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Li Ni	Vice Chairwoman and COO, Director	C/O BILIBILI INC., BLDG. 3 GUOZHENG CNTR, NO. 485 ZHENGLI ROAD, YANGPU DISTRICT, SHANGHAI, CHINA	/s/ Ni Li	17 Mar 2026	0002011305

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	BILI	Class Z Ordinary Shares						1,000,000	17 Mar 2026	Direct	F1
holding	BILI	Class Y Ordinary Shares						7,200,000	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	Share Option (right to buy)							17 Mar 2026	Class Z Ordinary Shares	2,000,000	$0.000100	Direct	F3
holding	BILI	Performance-based Restricted Share Units							17 Mar 2026	Class Z Ordinary Shares	412,000		Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents restricted share units (the "RSUs") granted on March 31, 2023, the vesting period of which shall be 6 years. Each RSU represents a contingent right to receive one Class Z ordinary share of the Issuer.
F2	Represents securities held by Saber Lily Limited (the "Saber"). Saber is controlled by a trust established under the laws of Cayman Islands (the "Trust) and managed by TMF (Cayman) Ltd. as the trustee. Ms. Li is the settlor of the Trust, and Ms. Li and her family members are the Trust's beneficiaries. Under the terms of the Trust, Ms. Li may be deemed to have the voting and dispositive power over the Issuer's shares held by the Saber. The Reporting Person disclaims beneficial ownership of the securities held by the Saber except to the extent of her pecuniary interest therein.
F3	Represents a single option award grant with respect to 2,000,000 total shares initially. 1,670,000 of the total shares subject to the option have become vested and exercisable as of the date hereof, and 330,000 of the shares subject to the option shall become vested and exercisable on November 23, 2026.
F4	Represents performance based restricted share units (the "PSUs") granted on December 15, 2025, the vesting of which was conditional upon the achievement of the performance targets as determined by the board of directors of the Issuer. Each PSU represents a contingent right to receive one Class Z ordinary share of the Issuer.