Wang Haojun 4

What Happened

• Wang Haojun, Chief Financial Officer of Pony AI (PONY), had RSUs vest and convert into a total of 34,713 Class A ordinary shares on March 25, 2026 (963 + 10,000 + 23,750). The filing shows these as derivative conversions/exercises (code M). The report also records matching dispositions of the same share amounts at $0.00, consistent with internal settlement or withholding rather than an open-market sale.
• No cash purchase price was reported for the acquired shares (N/A) and the dispositions show $0.00 proceeds; the filing does not report any open-market sale proceeds.

Key Details

• Transaction date: 2026-03-25; Form 4 filed: 2026-03-27 (timely).
• Shares reported acquired (vested/converted): 34,713 total (963; 10,000; 23,750).
• Matching dispositions: same share counts reported at $0.00 each (likely withholding/settlement).
• Shares owned after transaction: not disclosed in the supplied data.
• Footnotes: these transactions reflect RSU awards that vested and settled into Class A ordinary shares (each RSU = 1 share). Grants and vesting schedules referenced:
  • Grant May 15, 2023 — vesting schedule: 25% on 4/1/2024, remainder quarterly (footnote F3).
  • Grant Dec 10, 2023 — 25% on 11/1/2024, remainder quarterly (F4).
  • Grant Dec 4, 2024 — 25% on 10/31/2025, remainder quarterly (F5).
  • The filing notes these RSUs convert to shares on vesting (F1, F2); one grant has no expiration (F6).

Context

• These entries are derivative/RSU settlements (code M) rather than open-market buys or sells. The matching $0.00 dispositions typically indicate shares withheld or surrendered to satisfy tax withholding or internal settlement mechanics — not a sale to the public—so this is not evidence of a market sale by the CFO.
• For retail investors, vested RSUs that are retained can be a non-price-sensitive event; withheld shares reduce the net new shares received. The filing appears routine and was filed on time.