[Form 4] Li Auto Inc. Insider Trading Activity

Rhea-AI Filing Summary

Li Auto Inc. Chief Technology Officer Xie Yan reported several equity compensation moves involving the company’s Class A ordinary shares. On June 15, 2026, 200,000 shares were acquired upon vesting and settlement of restricted share units, each unit delivering one Class A share.

To cover income tax liabilities from this vesting, 96,588 Class A shares (in the form of ADSs) were disposed of under a sell-to-cover arrangement at $7.21 per share. After these transactions, Xie directly held 506,064 Class A shares. Xie was also granted 5,000,000 share options over American depositary shares with a $14.38 exercise price, which will vest upon achieving certain tiered targets.

Insider Trade Summary

200,000 shares exercised/converted

Mixed 4 txns

Insider Xie Yan

Role Chief Technology Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Share Units	200,000	$0.10	$20K
Grant/Award	Share Options (right to buy)	5,000,000	$0.00	--
Exercise	Class A ordinary shares	200,000	$0.00	--
Tax Withholding	Class A ordinary shares	96,588	$7.21	$696K

Holdings After Transaction: Restricted Share Units — 200,000 shares (Direct, null); Share Options (right to buy) — 5,000,000 shares (Direct, null); Class A ordinary shares — 506,064 shares (Direct, null)

Footnotes (1)

1. Acquired upon vesting and settlement of restricted share units. Represents Class A ordinary shares (in the form of ADSs) sold pursuant to a sell-to-cover arrangement for the purpose of satisfying income tax liabilities incurred upon vesting of restricted share units. Each restricted share unit represents the contingent right to receive one Class A ordinary share. These restricted shares units were vested on June 15, 2026 and do not have an expiration date. The options will vest upon the first achievement of certain tiered targets. See Exhibit 99.1 to the issuer's current report on Form 6-K dated June 16, 2026 for further details. Each American depositary share represents two Class A ordinary shares.

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Xie Yan

(Last) (First) (Middle)

11 WENLIANG STREET, SHUNYI DISTRICT

(Street)

BEIJING 101399

(City) (State) (Zip)

CHINA

(Country)

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

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

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

2a. Foreign Trading Symbol
[HKEX: 2015]

3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A ordinary shares(1)	06/15/2026		M		200,000	A	$0	506,064	D
Class A ordinary shares(2)	06/15/2026		F		96,588	D	$7.21	409,476	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Share Units	(3)	06/15/2026		M			200,000	(4)	(4)	Class A ordinary shares	200,000	$0.1	200,000	D
Share Options (right to buy)	$14.38	06/15/2026		A		5,000,000		(5)	(5)	American depositary shares(6)	5,000,000	$0	5,000,000	D

Explanation of Responses:

1. Acquired upon vesting and settlement of restricted share units.

2. Represents Class A ordinary shares (in the form of ADSs) sold pursuant to a sell-to-cover arrangement for the purpose of satisfying income tax liabilities incurred upon vesting of restricted share units.

3. Each restricted share unit represents the contingent right to receive one Class A ordinary share.

4. These restricted shares units were vested on June 15, 2026 and do not have an expiration date.

5. The options will vest upon the first achievement of certain tiered targets. See Exhibit 99.1 to the issuer's current report on Form 6-K dated June 16, 2026 for further details.

6. Each American depositary share represents two Class A ordinary shares.

	/s/ Xie Yan	06/17/2026
	** 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 4 (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 4: SEC 1474 (03-26)