XPENG (XPEV) Director Yang Donghao Receives 9,072 Shares

What Happened

• Yang Donghao, a director of XPENG Inc. (XPEV), had 9,072 restricted share units (RSUs) convert into 9,072 Class A ordinary shares on July 14, 2026. The Form 4 reports an exercise/conversion of a derivative (code M) acquiring 9,072 shares at $0.00; the derivative instrument was correspondingly converted/terminated.
• No cash was paid (reported price $0.00). This was not a sale — it was the vesting and issuance of shares from an existing RSU award.

Key Details

• Transaction date: July 14, 2026 (Form 4 filed July 16, 2026 — timely).
• Transaction type/code: M (exercise/conversion of derivative related to RSU vesting).
• Shares involved: 9,072 shares issued to the reporting person at $0.00.
• Shares owned after transaction: not disclosed in the filing.
• Footnotes: The RSUs were granted under the 2019 Equity Incentive Plan on July 12, 2024 (total grant 27,216 RSUs). They vest in three equal annual installments; 9,072 vested in 2026, 9,072 remain scheduled to vest on July 12, 2027. The issuer issued the Class A shares upon vesting (per filing).
• Filing timeliness: Filed within the usual Form 4 reporting window (not marked late).

Context

• This transaction represents routine RSU vesting and conversion into shares (a non-cash award event), not an open-market purchase or sale. Such award vestings reflect compensation being settled in stock rather than indicating a directional insider trade.
• For investors, vested RSUs add to insider shareholdings but do not by themselves signal buying or selling intent; no proceeds were received by the reporting person in this action.