ZHANG NING 4

What Happened

• Zhang Ning, Vice President of Pony AI Inc. (PONY), received an award of 200,000 restricted stock units (RSUs) on April 14, 2026. The RSUs were granted at $0.00 (no cash purchase); each RSU represents the right to receive one Class A ordinary share upon vesting. The filing reports this as a derivative award (transaction code A).

Key Details

• Transaction date: April 14, 2026; grant price reported as $0.00.
• Shares/units awarded: 200,000 RSUs. No immediate shares were delivered — units convert to shares upon vesting.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes from the filing:
  • F1: Each RSU equals the right to one Class A ordinary share upon vesting.
  • F2: Vesting schedule — 25% of the RSUs vest on the first anniversary of March 25, 2026 (i.e., March 25, 2027). The remaining 75% vest in equal installments of 6.25% on the 25th day of the last month of each quarter thereafter.
  • F3: The grant has no expiration date.
• Filing timeliness: No indication in the provided data that the Form 4 was filed late.

Context

• This is an equity grant (compensation award), not an open-market purchase or sale; such grants are common for employee compensation and retention and do not, by themselves, signal a buy/sell decision.
• Because these are RSUs, Zhang will only receive shares if and when the units vest according to the schedule above; there is no immediate change in tradable share count from the grant.