Pony AI Inc: CEO Peng Jun received 3,000,000 shares

What happened Peng Jun, CEO, is the sole shareholder of MyKornucopia Limited, which on Sep 30, 2026 entered into a prepaid variable forward transaction obligating delivery of up to 3,000,000 Class A ordinary shares (or, at MyKornucopia's election, an equivalent amount of cash) to an unaffiliated buyer on specified dates in 2028. The Form 4 reports the transaction as "Other acquisition or disposition (J)" and states MyKornucopia received an aggregate cash payment; the filing does not state the payment amount.

Key details

• Transaction date: Sep 30, 2026; transaction code: J (other acquisition or disposition); price: N/A.
• Shares involved: up to 3,000,000 Class A ordinary shares, divided into 30 components of 100,000 shares each.
• Settlement mechanics: delivery for each component in 2028 depends on the volume weighted average Settlement Price relative to a Floor Price and a Cap Price, with formulas described in the footnotes.
• Security and rights: MyKornucopia granted security over 3,000,000 Class B ordinary shares (the Charged Class B Shares) to secure its obligations and retained dividend and voting rights, though it may owe cash payments for certain dividends declared prior to settlement.
• Beneficial ownership: Peng Jun is the sole shareholder of MyKornucopia and therefore may be deemed to beneficially own the securities held by MyKornucopia (footnote).
• Shares owned after the transaction: not stated in the filing.
• Filing timeliness: filed Oct 2, 2026; no late filing indicated in the report.

Why it may matter

• This report describes a derivative financing arrangement (a prepaid variable forward/collar) in which cash was received upfront in exchange for potential future delivery of shares or cash based on contract formulas.
• A filing does not show why the insider traded or why the company acted.