According to the latest SEC Form 4 filing, Baidu Inc. (BIDU) director Foo Jixun sold 122,584 Class A ordinary shares on May 21, 2026 via a transaction coded “S” at an average price of approximately $16.317 per share. Following this sale, his reported beneficial ownership in this class of shares decreased to 0, effectively representing an exit from the reported position. The filing notes that these Class A ordinary shares are held in the form of American Depositary Shares (ADSs), with each ADS representing eight Class A ordinary shares. Such a sizable, near‑full disposal by a board member is generally viewed as a mildly bearish signal and may weigh on short‑term market sentiment toward Baidu’s stock, though investors should balance this against the company’s fundamental outlook and other disclosures.