NIO Director Lee Denny Ting Bun Receives 131,869 Shares

What Happened

• Director Lee Denny Ting Bun reported the vesting and conversion of 131,869 restricted share units (RSUs) into 131,869 American Depositary Shares (ADS) on September 12, 2026. The Form 4 shows an exercise/conversion transaction at $0.00 per share (no cash paid). A corresponding derivative disposal line reflects cancellation/settlement of the RSU derivative instrument, not a market sale of shares.

Key Details

• Transaction date: September 12, 2026; Form 4 filed September 14, 2026 (timely).
• Transaction type/code: "M" — exercise or conversion of a derivative (RSU vesting and settlement).
• Shares acquired: 131,869 ADS; Price reported: $0.00 (conversion of RSUs, not a purchase).
• Derivative disposed: 131,869 (reflects cancellation/settlement of the RSUs upon vesting).
• Footnotes: F1 — each ADS represents one Class A ordinary share; F2 — RSUs represent a contingent right to receive Class A shares on vesting; F3 — the RSUs vested on Sept 12, 2026 and have no expiration.
• Shares owned after the transaction: not specified in the provided filing.

Context

• RSU vesting/conversion is not a cash purchase or an open-market sale; it reflects compensation settlement. No immediate sale of the underlying shares was reported in this Form 4, so this should not be interpreted as a buy or sell signal by itself.
• For retail investors: vested RSUs increase insider-held shares but do not necessarily indicate the insider’s market view; tax withholding or later sales (if any) would appear in separate filings.