Li Auto Inc. (LAAOF) president discloses 9M options and ADS stake

Rhea-AI Filing Summary

Li Auto Inc. president and director Ma Donghui has reported his existing equity interests as an insider. He holds options over 8,000,000 Class A ordinary shares at an exercise price of $0.10 per share expiring on December 1, 2029, and options over 1,000,000 Class A ordinary shares at $0.10 per share expiring on January 1, 2031. Footnotes state these option grants, made in 2019 and 2021, are now fully vested. He also directly owns 407,680 Class A ordinary shares in the form of ADSs.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Ma Donghui

(Last) (First) (Middle)

11 WENLIANG STREET, SHUNYI DISTRICT

(Street)

BEIJING 101399

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Li Auto Inc. [ LI ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A ordinary shares(1)	407,680	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Options	(2)	12/01/2029	Class A ordinary shares	8,000,000	$0.1	D
Options	(3)	01/01/2031	Class A ordinary shares	1,000,000	$0.1	D

Explanation of Responses:

1. Represent 407,680 Class A ordinary shares in the form of ADSs.

2. These options were granted on December 1, 2019 and vest in batches. As of the date hereof, the options are fully vested.

3. These options were granted on January 1, 2021 and vest in batches. As of the date hereof, the options are fully vested.

	/s/ Donghui Ma	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What insider position does Ma Donghui hold at Li Auto Inc. (LAAOF)?

Ma Donghui is identified as both a director and President of Li Auto Inc. The filing records his current equity holdings, including options and ordinary shares, as part of his initial insider ownership disclosure.

How many stock options does Li Auto’s president hold according to this Form 3?

Ma Donghui holds options over 8,000,000 Class A ordinary shares and an additional 1,000,000 Class A ordinary shares. Both sets of options carry a $0.10 exercise price and are reported as fully vested as of the filing date.

What are the expiration dates of the Li Auto (LAAOF) options held by Ma Donghui?

The filing reports options expiring on December 1, 2029 for 8,000,000 underlying Class A shares, and options expiring on January 1, 2031 for 1,000,000 underlying Class A shares, both with a $0.10 exercise price.

Are the Li Auto stock options held by Ma Donghui fully vested?

Yes, footnotes explain both option grants, awarded on December 1, 2019 and January 1, 2021, were structured to vest in batches and are fully vested as of the reporting date in this insider statement.

How many Li Auto (LAAOF) Class A ordinary shares does Ma Donghui own directly?

The filing shows direct ownership of 407,680 Class A ordinary shares, held in the form of ADSs. This share position is separate from his option grants and represents his current direct equity stake in the company.

Does this Li Auto Form 3 show any insider buying or selling activity?

No new buying or selling is indicated. The entries are classified as holdings with unknown transaction codes, meaning the document serves as an initial statement of existing ownership rather than reporting recent trades.