WeRide (WRD) CTO Li Yan Receives RSU Award — 493,434 Shares

What Happened
Li Yan, Chief Technology Officer and director of WeRide Inc. (WRD), was granted 493,434 restricted share units (RSUs) on 2026-09-23. The Form 4 reports the acquisition as an award at a reported price of $0.00 (total reported value $0). These RSUs are an award/compensation grant rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-23; Form 4 filed: 2026-09-25 (appears timely — within typical 2-business-day filing window).
• Security/amount: 493,434 RSUs; reported price: $0.00.
• Shares owned after transaction: Not specified in the supplied filing details.
• Footnote F1: RSUs vest in full only upon achievement of certain revenue targets.
• Footnote F2: Reporting person has complex related-party ownership — Li Yan and Trident (trustee of the Li Family Trust) control Humber Partners Limited, which together with Trident control Yanli Holdings Limited; Li Yan is protector of the trust and sole director of Yanli Holdings Limited.

Context
RSUs are a promise to receive shares if/when vesting conditions are met; they do not represent immediately transferable shares until vested. This award appears to be a compensation/retention grant tied to revenue milestones (per footnote), not an open-market purchase or sale. The filing does not indicate any immediate sale, exercise, or tax-withholding disposition related to this grant.