Wang Haojun 4

What Happened Wang Haojun, Pony AI’s Chief Financial Officer, had 34,712 restricted stock units (RSUs) vest and settle into Class A ordinary shares on June 25, 2026 (962 + 10,000 + 23,750). Following settlement, 13,751 of those shares were sold on June 26, 2026 at $6.86 per share for total proceeds of $94,326 under a mandatory sell-to-cover arrangement to satisfy income tax withholding. The remaining 20,961 shares from these vested awards were retained (based on this vesting event).

Key Details

• Transaction dates: RSU settlement/exercise (conversion) on 2026-06-25; sale on 2026-06-26. Filing date: 2026-06-29 (Form 4).
• Sale details: 13,751 shares sold at $6.86 per share = $94,326 (open market/private sale code; footnote indicates mandatory non-discretionary sell-to-cover).
• RSUs settled: 962 + 10,000 + 23,750 = 34,712 RSUs vested and settled into Class A shares (per footnotes F1, F3, F4–F6).
• Shares remaining from this settlement: 20,961 (34,712 settled minus 13,751 sold). Total beneficial ownership after this transaction is not specified in the provided excerpt.
• Footnotes: F1–F3 explain RSU settlement and that each RSU equals one share; F2 confirms sell-to-cover for tax withholding; F4–F6 describe grant dates and vesting schedules; F7 notes no expiration date for the grant.
• Timeliness: Form 4 filed June 29, 2026 for transactions on June 25–26, 2026 — appears timely.

Context The filings show RSUs vesting and being settled into shares (conversion/exercise coded “M”), with a portion immediately sold via a mandatory sell-to-cover to satisfy tax liabilities. This is a routine tax-related disposition rather than an opportunistic or discretionary sale; such sell-to-cover transactions are common when equity awards vest. No indication of a 10b5-1 plan, gifts, or discretionary trading was provided in the excerpt.