Mo Luyi 4

What Happened Mo Luyi, Vice President of Pony AI (PONY), had multiple restricted stock units (RSUs) vest and convert into Class A ordinary shares on June 25, 2026 (total converted: 29,090 shares). Following the vesting, 14,460 shares were sold in an open-market sell-to-cover transaction on June 26, 2026 at $6.86 per share, yielding $99,190. The remaining shares from the vesting (29,090 − 14,460 = 14,630) appear to have been retained based on these entries.

Key Details

• Primary transaction dates: June 25, 2026 (RSU conversion/settlement) and June 26, 2026 (open-market sale).
• Sale details: 14,460 shares sold at $6.86 each for proceeds of $99,190.
• RSU conversion entries: 3,667; 417; 944; 9,062; and 15,000 shares converted on 6/25 (total 29,090).
• The filing shows derivative entries with $0.00 disposition price reflecting conversion/settlement of RSUs into shares (code M = exercise/conversion).
• Purpose of sale: mandatory non-discretionary sell-to-cover to satisfy income tax withholding on vested RSUs (footnote F2).
• Shares owned after transaction: not explicitly disclosed in the provided entries (net retained from these vesting events ≈14,630 shares).
• Filing date: June 29, 2026; report covers transactions on June 25–26, 2026. Filing appears timely (not marked late).

Context

• These transactions are RSU vesting and settlement events (each RSU represents one Class A ordinary share, footnote F3). Several RSU grants from 2021–2024 are noted with standard initial-year vesting followed by quarterly vesting schedules (see footnotes F4–F8).
• The pattern—conversion of RSUs followed by a sell-to-cover— is a routine tax-withholding mechanism and does not by itself signal insider buying or selling for investment reasons. The net effect here was that roughly half the vested shares were sold to cover taxes and the rest were retained.