NIO CFO Qu Yu Vests 245,000 RSUs; Sells 122,500 to Cover Taxes

What Happened

• Qu Yu, Chief Financial Officer of NIO Inc. (NIO), had restricted share units (RSUs) convert to 245,000 American depositary shares (ADSs) on September 1, 2026 (acquired at $0.00 per share).
• To satisfy tax liabilities, 122,500 ADSs were sold under non-discretionary sell-to-cover arrangements at $4.23 per share, generating roughly $518,175. The remaining 122,500 ADSs were retained, so the net increase to his holdings from this vesting event is 122,500 shares. This is a routine vesting and tax-withholding transaction rather than a market-directional purchase.

Key Details

• Transaction date: September 1, 2026. Filing date: September 1, 2026 (timely). Accession: 0001104659-26-104296.
• Acquisitions (conversion/vesting, code M): 45,000 ADSs and 200,000 ADSs acquired at $0.00 each (total 245,000).
• Disposals (tax withholding, code F): 22,500 ADSs sold from the 45,000 vesting (proceeds $95,175) and 100,000 ADSs sold from the 200,000 vesting (proceeds $423,000); total proceeds ~$518,175 at $4.23/share. The price reported is the issuer's closing ADS price the prior trading day; actual execution price may differ. (Footnotes indicate these were non-discretionary sell-to-cover sales.)
• Each ADS represents one Class A ordinary share. The RSUs vesting and their schedules are described in the footnotes: the 45,000 award follows a 5-year staggered vesting schedule beginning Sept 1, 2022; the 200,000 award vests in five equal annual installments beginning Sept 1, 2025. Vesting reported as of Sept 1, 2026.
• Shares owned after the transaction: not specified in the filing.

Context

• This was a vesting event (RSUs converting to shares) with a routine sell-to-cover to satisfy tax withholding — common for executives receiving equity awards. The derivative code and footnotes indicate these were restricted share units that vested (no exercise price). Because part of the vested shares were sold only to cover taxes, the transaction does not by itself indicate a bullish or bearish signal; it results in a net increase of 122,500 ADSs to the insider's holdings.