XPENG INC.: Vice chairman & co-president Gu Brian Hongdi exercised 250,000 shares

What happened

• The filing reports that Gu Brian Hongdi, vice chairman & co-president, had 250,000 shares issued to him on Oct 2, 2026, upon vesting of restricted share units (RSUs) and that 250,000 shares were also reported as disposed that same day. Both transactions show a price of $0 and total value of $0.

Key details

• Transaction date and price: Oct 2, 2026; price $0 for both the acquisition (exercise/conversion of derivative, code M) and the disposition (code M).
• Shares owned after the transaction: not reported in the provided filing excerpt.
• Relevant footnotes:
  • F1: The issuer's Class A ordinary shares were issued to the reporting person upon vesting of RSUs on Oct 2, 2026.
  • F2: The reporting person was granted 1,000,000 RSUs on Oct 1, 2025 under the 2025 Share Incentive Scheme. RSUs vest in four equal annual installments; 250,000 RSUs vested on Oct 1, 2026 and the remaining 750,000 RSUs are scheduled to vest on Oct 1, 2027, Oct 1, 2028 and Oct 1, 2029. Vested RSUs convert to Class A ordinary shares with nil purchase price.
• Filing timeliness: the filing date is Oct 6, 2026; the filing is not marked as late in the provided information.

Why it may matter

• The filing shows RSU vesting and share issuance at a nil purchase price, and it also shows a same-day disposition of 250,000 shares; the filing does not state the reason for the disposition (for example, sale to cover taxes or other purposes).
• The filing does not show why the insider traded or why the company acted.