Qu Yu 4

What Happened

• Qu Yu, Chief Financial Officer of NIO Inc. (NIO), had 200,000 restricted share units (RSUs) vest on June 1, 2026 and converted them into 200,000 American depositary shares (ADSs). The RSUs converted at an exercise/conversion price of $0.00 (no cash exercise price). To satisfy tax withholding obligations, 100,000 ADSs were withheld/disposed at $5.60 per ADS, totaling $560,000. Net to the reporting person: 100,000 ADSs retained.

Key Details

• Transaction date: June 1, 2026.
• Primary entries: 200,000 ADSs acquired on conversion of RSUs (reported at $0.00); 100,000 ADSs withheld/disposed for tax payment at $5.60 each = $560,000.
• Each ADS equals one Class A ordinary share (footnote F1).
• The RSUs vested on June 1, 2026 and do not expire (F4, F5). The withholding was applied to 100,000 of the 200,000 vested RSUs to cover taxes (F2).
• The filing notes the issuer expects to sell the withheld shares on the reporting person's behalf and that the actual sales price may differ from the closing price used ($5.60) (F3).
• Shares owned after the transaction are not specified in the provided excerpt.
• Filing date: June 1, 2026 — the report covers transactions on the same date (no late-filing indication in the excerpt).

Context

• This was not a market buy or open-market sale for investment reasons; it was the typical conversion/settlement of RSUs with a tax-withholding disposition (transaction codes M for conversion/exercise and F for tax withholding). Such withholding is routine and reflects tax payment, not necessarily a signal about the insider’s view of the stock.