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

Reporting relationship: Vice Chairwoman and COO, Director
Issuer ticker: BILI
Reported as of: 17 Mar 2026
Net transaction value: $0
SEC form: 3
Accepted by SEC: 17 Mar 2026, 16:13:06 UTC
Source filing: View source filing
Reporting owner signature: /s/ Ni Li

Key filing fact

Ni Li filed Form 3 for Bilibili Inc. (BILI) on 17 Mar 2026.

Key facts

This page summarizes Ni Li's Form 3 filing for Bilibili Inc. (BILI).
0 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 17 Mar 2026, 16:13.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Official SEC source

Ownership activity is grounded in SEC Form 3 disclosures.

View source filing

Reporting Owners (1)

CIK 0002011305 Primary reporting owner

Li Ni

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

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

BILI holding

Class Z Ordinary Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,000,000
Date: 17 Mar 2026
Ownership: Direct
Footnotes: F1

BILI holding

Class Y Ordinary Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 7,200,000
Date: 17 Mar 2026
Ownership: See footnote
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

BILI holding Derivative

Share Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date: 17 Mar 2026
Ownership: Direct
Underlying class: Class Z Ordinary Shares
Underlying amount: 2,000,000
Exercise price: $0.000100
Footnotes: F3

BILI holding Derivative

Performance-based Restricted Share Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date: 17 Mar 2026
Ownership: Direct
Underlying class: Class Z Ordinary Shares
Underlying amount: 412,000
Exercise price
Footnotes: F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.