NIO EVP Zhou Xin Exercises 200,000 RSUs

What Happened

• Zhou Xin, Executive Vice President of NIO (NIO), reported the vesting/conversion of 200,000 restricted share units into 200,000 Class A ordinary shares (ADS) on September 1, 2026. The Form 4 shows two “M” (exercise/conversion of derivative) entries: 200,000 shares acquired at $0.00 and a corresponding 200,000 derivative disposed at $0.00. No cash purchase or open-market sale of shares was reported.

Key Details

• Transaction date: 2026-09-01 (reported on the same date).
• Reported amounts: 200,000 shares acquired at $0.00; 200,000 derivative units disposed at $0.00 (both coded M).
• Shares owned after the transaction: not specified in the filing.
• Footnotes of note:
  • F1: Each American depositary share (ADS) represents one Class A ordinary share.
  • F2: The reported instruments were restricted share units (RSUs) giving the contingent right to receive Class A shares on vesting.
  • F3: RSUs vest in five equal annual installments starting Sept 1, 2025; the vesting shown here occurred Sept 1, 2026.
• Filing timeliness: Reported on the same date as the transaction (timely).

Context

• This was a routine vesting/conversion of RSUs (derivative conversion), not an open-market buy or sale. Code M denotes exercise or conversion of a derivative; the $0.00 price reflects vesting/conversion rather than a cash purchase. Such vesting events are typically part of compensation and do not by themselves indicate a buying or selling signal.