Qin Lihong 4

What Happened Qin Lihong, President and director of NIO Inc. (NIO), had 300,000 restricted share units (RSUs) vest on June 1, 2026. The RSUs converted into 300,000 American depositary shares (ADSs) (reported acquisition at $0.00). To satisfy tax withholding, 150,000 of those ADSs were withheld/disposed at a reported price of $5.60 per ADS, totaling approximately $840,000.

Key Details

• Transaction date: June 1, 2026.
• Conversion: 300,000 RSUs converted to 300,000 ADSs (reported acquisition price $0.00).
• Tax withholding: 150,000 ADSs withheld/disposed at $5.60 = $840,000 (using the closing price on the last trading day before withholding).
• Footnotes: F1—1 ADS = 1 Class A ordinary share; F2—150,000 shares withheld to pay taxes; F3—the issuer expects to sell the withheld shares on behalf of the reporting person and actual sale price may differ; F4—RSUs represent contingent rights to receive shares upon vesting; F5—these RSUs vested on June 1, 2026 and have no expiration.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Filing timeliness: Reported on June 1, 2026 (no late filing indicated).

Context This was not a market purchase or sale expressing an investment view but a routine vesting event: RSUs converted to shares and a portion was withheld to cover tax obligations (a common cashless-withholding method). The issuer may sell the withheld shares on behalf of the insider; the actual sale proceeds could differ from the closing price used to calculate the withholding.