Li Auto Officer's $1.4M Stock Sale Signals First Insider Trade After Vesting Period

Rhea-AI Filing Summary

Li Auto officer Zou Liangjun filed Form 144 indicating intent to sell 100,000 Class A Ordinary Shares with an aggregate market value of $1,400,500 through Futu Securities International. The planned sale is scheduled for June 30, 2025 on the Nasdaq exchange.

Key details of the transaction:

• Shares were acquired on December 15, 2024 through an Employee Incentive Plan
• The sale represents approximately 0.056% of total outstanding shares (1,785,070,188 shares)
• No other securities were sold by the officer in the past 3 months
• The seller has certified no knowledge of undisclosed material adverse information

This planned sale appears to be a routine liquidation of vested shares obtained through employee compensation, rather than a significant insider transaction that might signal changes in company outlook.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0002071185
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Li Auto Inc.
SEC File Number	001-39407
Address of Issuer	11 WENLIANG STREET SHUNYI DISTRICT BEIJING CHINA 101399
Phone	861087427209
Name of Person for Whose Account the Securities are To Be Sold	Zou Liangjun
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Ordinary Shares	Futu Securities International (Hong Kong) Limited 34/F, United Centre, No. 95 Queensway Admiralty Hong Kong F4 000000	100000	1400500.00	1785070188	06/30/2025	Nasdaq

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Ordinary Shares	12/15/2024	Acquired under Employee Incentive Plan as employee of the Securities Issuer	Li Auto Inc.			100000	12/15/2024	NA

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks	Sale of vested shares under employee share incentive plan
Date of Notice	06/27/2025
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	Zou Liangjun
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many Li Auto (LI) shares is insider Zou Liangjun selling on June 30, 2025?

According to the Form 144 filing, Zou Liangjun, an officer at Li Auto, plans to sell 100,000 Class A Ordinary Shares through Futu Securities International on June 30, 2025.

What is the market value of LI shares being sold by Zou Liangjun?

The aggregate market value of the shares to be sold is $1,400,500.00, based on the Form 144 filing dated June 28, 2025.

How did Zou Liangjun acquire the LI shares being sold?

Zou Liangjun acquired the shares on December 15, 2024, through Li Auto's Employee Incentive Plan as an employee of the company. These are vested shares being sold under the employee share incentive plan.

What percentage of LI's outstanding shares is being sold in this transaction?

The 100,000 shares being sold represent approximately 0.006% of Li Auto's total outstanding shares, as the filing indicates there are 1,785,070,188 shares outstanding.

Has Zou Liangjun sold any other LI shares in the past 3 months?

According to the Form 144 filing, Zou Liangjun has not sold any other Li Auto securities during the past 3 months prior to this planned sale.