Zhou Xin 4

What Happened

• Zhou Xin, Executive Vice President of NIO (NIO), had 200,000 restricted share units (RSUs) vest on June 1, 2026 and those RSUs converted into 200,000 American depositary shares (ADSs). The filing shows conversion/exercise entries (code M) for 200,000 shares at $0.00.
• To satisfy tax withholding (code F), 100,000 of the newly issued shares were withheld at an indicated closing price of $5.60 per ADS, equal to $560,000. The net result is roughly 100,000 ADS credited to Zhou after withholding. The company expects to sell the withheld shares on Zhou’s behalf (per footnote).

Key Details

• Transaction date: June 1, 2026.
• Conversion/exercise (code M): 200,000 RSUs → 200,000 ADSs at $0.00 (RSU vesting/conversion).
• Tax withholding (code F): 100,000 ADSs withheld at $5.60 = $560,000 used to cover taxes.
• ADS conversion note: Each ADS represents one Class A ordinary share (footnote F1).
• RSU specifics: RSUs vested on June 1, 2026 and have no expiration (footnotes F4, F5).
• Company expects to sell the withheld shares on behalf of the reporting person; actual sale price may differ from the $5.60 closing price used for withholding (footnote F3).
• Shares owned after transaction: not disclosed in the filing.
• Timeliness: Filing dated June 1, 2026 (same-day report), not indicated as late.

Context

• This was an equity compensation event (RSU vesting/conversion), not an open-market purchase or voluntary sale. The withholding of shares to cover taxes is a routine, administrative step (a cashless-like settlement) and does not by itself indicate insider buying or selling sentiment.
• Derivative code M here reflects conversion of award units into shares; code F denotes shares withheld to satisfy tax obligations.