Ma Donghui 4

What Happened

• Ma Donghui, President and Director of Li Auto Inc. (LI), was granted 7,500,000 derivative awards on June 15, 2026. The filing reports the acquisition price as $0.00 (total reported value $0). The award is reported as a derivative instrument rather than an open-market purchase or sale.

Key Details

• Transaction date: June 15, 2026; Form 4 filed June 17, 2026 (appears timely).
• Security: 7,500,000 derivative securities (reported acquisition at $0.00).
• Vesting/conditions: Footnote indicates these are options that will vest upon first achievement of certain tiered performance targets (see Exhibit 99.1 to the issuer’s Form 6‑K dated June 16, 2026).
• ADS note: Each American depositary share (ADS) represents two Class A ordinary shares per the filing.
• Shares owned after transaction: not specified in the provided excerpt.

Context

• This was a grant/award of equity-linked instruments tied to performance milestones, not an open-market buy or sell. Such awards typically vest only if preset targets are met; they do not represent immediate transferable shares unless and until vested/exercised per the plan terms. See the referenced Form 6‑K exhibit for full vesting and instrument details.