NIO (NIO) director Wen Yonggang discloses ADS and RSU holdings

Rhea-AI Filing Summary

NIO Inc. director Wen Yonggang reported his equity holdings in a Form 3. The filing lists 120,000 American depositary shares, with each ADS representing one Class A ordinary share. It also shows two grants of restricted share units for 78,003 and 78,004 underlying Class A ordinary shares at an exercise price of 0.0000. These RSUs were granted under NIO’s share incentive plans and will vest on 11/06/2026 and 11/06/2027, respectively. The document reflects holdings only and does not show any buy or sell transactions.

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^*

Wen Yonggang

(Last) (First) (Middle)

N4-02C-95, NANYANG AVENUE

(Street)

SINGAPORE 639798

(City) (State) (Zip)

SINGAPORE

(Country)

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

3. Issuer Name and Ticker or Trading Symbol
NIO Inc. [ NIO ]

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
	Officer (give title below)		Other (specify below)

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)
American depositary shares(1)	120,000	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	78,003	(2)	D
Restricted share units	(3)	(3)	Class A ordinary shares	78,004	(3)	D

Explanation of Responses:

1. Each American depositary share represents one Class A ordinary share.

2. Represents restricted share units granted to the reporting person pursuant to the issuer's share incentive plans, which do not have expiration dates. The restricted share units evidence the contingent right to receive Class A ordinary shares upon vesting, and will vest on 11/06/2026.

3. Represents restricted share units granted to the reporting person pursuant to the issuer's share incentive plans, which do not have expiration dates. The restricted share units evidence the contingent right to receive Class A ordinary shares upon vesting, and will vest on 11/06/2027.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Eve Tang, Attorney-in-Fact for Yonggang Wen	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 does NIO (NIO) director Wen Yonggang report in this Form 3?

The Form 3 shows Wen Yonggang’s existing equity holdings in NIO Inc., including 120,000 American depositary shares and two restricted share unit grants. These RSUs cover 78,003 and 78,004 Class A ordinary shares and were granted under NIO’s share incentive plans.

How many American depositary shares does Wen Yonggang hold in NIO (NIO)?

Wen Yonggang reports holding 120,000 American depositary shares of NIO Inc. Each ADS represents one Class A ordinary share, giving direct exposure to the company’s equity. This position reflects reported ownership rather than a new purchase or sale event.

What restricted share units are reported for Wen Yonggang at NIO (NIO)?

The filing lists two restricted share unit grants tied to NIO’s Class A ordinary shares. They cover 78,003 and 78,004 underlying shares, respectively. Both RSU awards were granted under NIO’s share incentive plans and carry an exercise price of 0.0000 per share.

When will Wen Yonggang’s NIO (NIO) restricted share units vest?

The reported restricted share units vest in two future tranches. One RSU grant will vest on November 6, 2026, and the second will vest on November 6, 2027. Vesting is contingent on meeting the terms of NIO’s share incentive plans.

Does this NIO (NIO) Form 3 show insider buying or selling activity?

This Form 3 does not report any insider buying or selling transactions. Instead, it establishes Wen Yonggang’s initial reportable holdings in NIO, including American depositary shares and restricted share units that vest on specified future dates.

What is the relationship between NIO (NIO) ADS and Class A ordinary shares?

Each NIO American depositary share represents one Class A ordinary share. This means Wen Yonggang’s 120,000 ADS correspond to 120,000 Class A ordinary shares, providing a straightforward one-to-one linkage between his ADS holdings and the underlying equity.