Li Auto (LI) CTO Xie Yan reports ADS and RSU holdings

Rhea-AI Filing Summary

Li Auto Inc. Chief Technology Officer Xie Yan reported existing holdings rather than new trades. The filing shows direct ownership of 306,064 Class A ordinary shares in the form of ADSs and 400,000 restricted share units granted on January 1, 2023.

The remaining 400,000 restricted share units relate to Class A ordinary shares and are scheduled to vest in batches on June 15, 2026 and June 15, 2027, with no expiration date, highlighting a multi‑year equity incentive position tied to future service and performance.

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^*

Xie Yan

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Technology 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(1)	306,064	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
Restricted Share Units	(2)	(2)	Class A ordinary shares	400,000	$0.1	D

Explanation of Responses:

1. Represent 306,064 Class A ordinary shares in the form of ADSs.

2. These restricted share units were granted on January 1, 2023 and vest in batches and have no expiration date. The remaining 400,000 restricted share units will vest on June 15, 2026 and June 15, 2027, respectively.

	/s/ Yan Xie	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 did Li Auto CTO Xie Yan report on this Form 3?

Xie Yan reported existing equity holdings, not a new trade. The position includes 306,064 Li Auto Class A ordinary shares held as ADSs and 400,000 restricted share units linked to Class A ordinary shares, forming a sizeable long-term equity stake.

How many Li Auto Class A shares does CTO Xie Yan hold in ADS form?

The filing shows 306,064 Class A ordinary shares held in the form of ADSs. This figure reflects direct ownership of ordinary equity, providing immediate economic exposure alongside longer-term restricted share unit awards that vest over future years.

What restricted share units does Li Auto CTO Xie Yan hold?

Xie Yan holds restricted share units representing 400,000 underlying Class A ordinary shares. These units were granted on January 1, 2023 and are structured to vest in future batches, aligning compensation with the company’s longer-term performance and retention goals.

When will Xie Yan’s Li Auto restricted share units vest?

The remaining 400,000 restricted share units will vest on June 15, 2026 and June 15, 2027. This two-step vesting schedule extends over several years, encouraging continued service and tying a meaningful portion of compensation to future company outcomes.

Did Li Auto CTO Xie Yan buy or sell shares in this Form 3 filing?

The Form 3 records existing holdings, not a buy or sell transaction. It lists direct ownership of ADSs and unexpired restricted share units, establishing Xie Yan’s baseline equity position as a reporting insider at Li Auto as of the reported date.

What does the $0.10 figure on Li Auto’s restricted share units represent?

The derivative summary associates a conversion or exercise price of $0.10 with the restricted share units. The units correspond to 400,000 underlying Class A ordinary shares and have no expiration date, with value realized as they vest according to the specified schedule.