Wu Jiaming 4
4 · XPENG INC. · Filed Jul 6, 2026
Research Summary
AI-generated summary of this filing
XPENG VP Finance Wu Jiaming Receives 43,558 Shares (RSU Vest)
What Happened
Wu Jiaming, Vice President of Finance & Accounting at XPENG Inc. (XPEV), received 43,558 Class A ordinary shares when restricted share units (RSUs) vested. The Form 4 reports a derivative conversion/exercise (code M) on July 2, 2026: 43,558 shares acquired at $0.00 (issued upon vesting). This was an issuance from compensation (not an open‑market purchase or sale).
Key Details
- Transaction date: July 2, 2026 (Form 4 filed July 6, 2026). Reported as exercise/conversion of a derivative (code M).
- Shares and price: 43,558 shares issued/converted at $0.00 (nil purchase price).
- Ownership after transaction: Not specified in the supplied filing details.
- Footnotes: RSUs were granted on July 14, 2023 (total grant 174,232 RSUs). RSUs vest in four equal annual installments from July 1, 2023; 43,558 RSUs vested on July 1, 2026 (shares issued July 2, 2026), with another 43,558 scheduled to vest July 1, 2027.
- Timeliness: Filed July 6, 2026 — within the SEC’s two-business-day window given July 3 was an observed holiday.
Context
This transaction reflects routine compensation vesting (RSU conversion to shares), not a market sale or purchase. The filing shows issuance of shares with no cash outlay by the insider; such awards are common for employee compensation and do not necessarily indicate an insider trading signal.
Insider Transaction Report
- Exercise/Conversion
Class A ordinary shares
[F1]2026-07-02+43,558→ 124,674 total - Exercise/Conversion
Restricted Share Units
[F2]2026-07-02−43,558→ 43,558 totalExercise: $0.00→ Class A ordinary shares (43,558 underlying)
Footnotes (2)
- [F1]The Issuer's Class A ordinary shares were issued to the reporting person upon vesting of Restricted Share Units (RSUs) on July 2, 2026.
- [F2]The reporting person was granted an aggregate of 174,232 RSUs under the 2019 Equity Incentive Plan on July 14, 2023. Upon vesting of the applicable RSUs, the grantee shall be entitled to receive the same amount of Class A ordinary shares of the Company with nil purchase price. The RSUs subject to the award shall vest in four equal annual installments on each anniversary of the vesting commencement date, July 1, 2023, subject to the reporting person's continued service and the achievement of individual performance targets. Therefore, 43,558 RSUs subject to this award vested on July 1, 2026, and the remaining 43,558 RSUs subject to this award are scheduled to vest on July 1, 2027.