Wang Fengying 4

What Happened Wang Fengying, President of XPeng Inc., had 600,000 Class A ordinary shares issued on April 1, 2026 upon vesting of restricted share units (RSUs). The Form 4 reports an acquisition of 600,000 shares at $0.00 (SEC code M — exercise/conversion of a derivative) and a matching 600,000 “disposed” entry at $0.00 that reflects the conversion of the derivative instrument, not an open‑market sale. No cash was paid for the shares.

Key Details

• Transaction date: April 1, 2026; Form filed April 3, 2026 (appears timely under the 2‑business‑day Form 4 rule).
• Reported transaction codes: M (exercise/conversion of derivative).
• Shares acquired: 600,000 Class A ordinary shares @ $0.00 (total cash paid $0).
• “Disposed” line: 600,000 @ $0.00 — represents conversion/termination of the derivative award, not a sale.
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: The shares were issued upon RSU vesting (F1). The RSUs stem from a 2,400,000 RSU award granted Mar 24, 2023 under the 2019 Equity Incentive Plan; vesting occurs in four equal annual installments beginning Apr 1, 2023. Therefore 600,000 RSUs vested Apr 1, 2026, and another 600,000 are scheduled to vest Apr 1, 2027 (F2).

Context This was a routine RSU vesting/derivative conversion (compensation being settled in shares), not an open‑market purchase or sale. Such issuances reflect previously granted compensation and do not by themselves indicate the insider’s market view. The remaining RSU installment from the same grant is due to vest on April 1, 2027.