When do Li Tie’s restricted share units in Li Auto (LI) vest?

Li Tie’s restricted share units, representing 400,000 Li Auto Class A ordinary shares, are scheduled to vest on December 15, 2026. The footnote specifies these units have no expiration date, meaning they convert to shares upon vesting if standard conditions are satisfied.

What indirect Li Auto share ownership is reported through Sea Wave Overseas Limited?

The filing reports 14,373,299 Li Auto Class A ordinary shares held indirectly through Sea Wave Overseas Limited. This indicates a large block of shares associated with Li Tie via this entity, separate from his directly held options and restricted share units on Li Auto’s Class A shares.

Li Auto (LI) CFO Li Tie reports 24.8M share-linked holdings

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Li Auto Inc. Chief Financial Officer Li Tie filed an initial statement of beneficial ownership reporting significant equity interests in the company. He holds options exercisable for 10,000,000 Class A ordinary shares at an exercise price of $0.10 per share, expiring on December 1, 2029. Footnotes state these options were granted on December 1, 2019 and are now fully vested. He also holds restricted share units representing 400,000 Class A ordinary shares that will vest on December 15, 2026. In addition, 14,373,299 Class A ordinary shares are held indirectly through Sea Wave Overseas Limited.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Li Tie

Role Chief Financial Officer

Type	Security	Shares	Price	Value
holding	Options	--	--	--
holding	Restricted Share Units	--	--	--
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Options — 10,000,000 shares (Direct); Restricted Share Units — 400,000 shares (Direct); Class A ordinary shares — 14,373,299 shares (Indirect, By Sea Wave Overseas Limited)

Footnotes (1)

These options were granted on December 1, 2019 and vest in batches. As of the date hereof, the options are fully vested. These restricted share units will vest on December 15, 2026 and have no expiration date.

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Understanding Insider Trading Forms →

Accepted by SEC EDGAR 03/18/2026 - 08:14 AM

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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Li Tie

(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)
	Chief Financial Officer

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	14,373,299	I	By Sea Wave Overseas Limited

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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	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)
Options	⁽¹⁾	12/01/2029	Class A ordinary shares	10,000,000	$0.1	D
Restricted Share Units	⁽²⁾	⁽²⁾	Class A ordinary shares	400,000	$0.1	D

Explanation of Responses:

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

2. These restricted share units will vest on December 15, 2026 and have no expiration date.

	/s/ Tie Li	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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider holdings did Li Auto (LI) CFO Li Tie report on Form 3?

Li Tie reported substantial equity interests, including options for 10,000,000 Class A ordinary shares, 400,000 restricted share units, and 14,373,299 Class A ordinary shares held indirectly through Sea Wave Overseas Limited, reflecting both derivative and direct equity exposure to Li Auto Inc.’s Class A shares.

How many Li Auto Class A shares are covered by Li Tie’s options and at what price?

Li Tie’s options cover 10,000,000 Li Auto Class A ordinary shares at an exercise price of $0.10 per share. These options were granted on December 1, 2019, are fully vested as of the filing date, and expire on December 1, 2029.

Does Li Auto CFO Li Tie’s Form 3 show recent insider buying or selling?

The Form 3 does not show recent buying or selling activity. It is an initial statement of beneficial ownership listing existing holdings, including options, restricted share units, and indirectly held Class A ordinary shares, rather than reporting new purchase or sale transactions in Li Auto stock.