WeRide CEO Tony Xu Receives 493,434 RSU Award

What Happened

• Han Tony Xu, Chairman, CEO and Director of WeRide Inc. (WRD), was granted 493,434 restricted share units (RSUs) on 2026-09-23. The grant is reported at $0.00 per share (total reported value $0) because these are contingent RSUs that will only convert to shares if specified revenue targets are met. This was an award/grant (Form 4 transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-23; Form 4 filed: 2026-09-25 (timely filing).
• Price reported: $0.00 per share; total reported acquisition value: $0.
• Number of RSUs: 493,434.
• Shares owned after transaction: not specified in the provided filing details.
• Footnote: F1 — RSUs will vest in full only upon achievement of certain revenue targets.
• Accession number for the filing: 0002056390-26-000005.

Context

• RSUs are a conditional award that become shares only if vesting conditions are satisfied; until vesting they do not represent tradable shares. Because this is a performance-contingent grant rather than a market purchase or sale, it does not by itself indicate immediate buying or selling pressure.