Pony AI (PONY) CFO Wang Haojun Exercises RSUs, Sells 13,751 Shares

What Happened

• Wang Haojun, Pony AI’s Chief Financial Officer, had restricted stock units (RSUs) vest and settle into 34,713 Class A ordinary shares on 2026-09-25 (963 + 10,000 + 23,750).
• Following vesting, 13,751 of those shares were sold in an open-market transaction on 2026-09-28 at $7.10 per share, producing proceeds of $97,684. Footnotes indicate the sale was a mandatory, non‑discretionary sell-to-cover to satisfy income tax liabilities arising on vesting. This is a routine tax-withholding sale rather than a discretionary market sell.

Key Details

• Transaction dates and prices: RSU vest/settlement on 2026-09-25 (no cash paid on conversion); sale of 13,751 shares on 2026-09-28 at $7.10/share (total $97,684).
• Net shares from these events: 34,713 shares vested minus 13,751 sold = ~20,962 shares retained from this vesting. Total shares owned after these transactions is not specified in the supplied filing.
• Important footnotes: F1–F3 confirm these were RSUs that converted 1:1 into Class A shares; F2 states the 13,751-share sale was a mandatory sell-to-cover for taxes; F4–F6 summarize grant dates and vesting schedules for the RSU awards; F7 notes the grant has no expiration date.
• Filing: Report filed 2026-09-29 covering transactions on 9/25 and 9/28; filing date is within the typical two-business-day reporting window and appears timely.

Context

• These were RSU vesting events (derivative conversion), not option exercises requiring cash—RSUs converted to shares and some were sold solely to cover tax obligations. Such sell-to-cover transactions are routine and do not necessarily signal the insider’s view on the company’s share price.