NIO director receives 131,869 ADSs from RSUs

NIO director Lee Denny Ting Bun converted vested RSUs into 131,869 ADSs, bringing direct holdings to 492,634 ADSs.

Rhea-AI Filing Summary

NIO Inc. (NIO) reported that director Lee Denny Ting Bun exercised previously granted restricted share units that vested on September 12, 2026, receiving 131,869 American depositary shares, each representing one Class A ordinary share. Following this conversion, the director holds 492,634 ADSs directly and no remaining RSUs from this grant. No Rule 10b5-1 trading plan is indicated.

Insider Trade Summary

131,869 shares exercised/converted

Exercise 2 txns

Insider Lee Denny Ting Bun

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted share units F2, F3	131,869	$0.00	$0.00
Exercise	American depositary shares F1	131,869	$0.00	$0.00

Holdings After Transaction: Restricted share units — 0 contracts (Direct); American depositary shares — 492,634 shares (Direct)

Footnotes (3)

1. F1. Each American depositary share represents one Class A ordinary share.
2. F2. The restricted share units evidence the contingent right to receive Class A ordinary shares upon vesting.
3. F3. The restricted share units vested on September 12, 2026 and do not have expiration dates.

Key Figures

RSUs converted: 131,869 units ADSs received: 131,869 ADSs Holdings after transaction: 492,634 ADSs +2 more

5 metrics

RSUs converted 131,869 units Restricted share units vested and converted on September 12, 2026

ADSs received 131,869 ADSs ADSs issued to the director upon RSU vesting and conversion

Holdings after transaction 492,634 ADSs Directly held by Lee Denny Ting Bun after the September 12, 2026 transaction

Exercise price per share $0.00 Reported per-share price for the RSU conversion on September 12, 2026

Derivative exercises 1 transaction, 131,869 shares Summary of derivative security exercise/conversion activity in this Form 4

Key Terms

restricted share units, American depositary shares, Class A ordinary shares, vested

4 terms

restricted share units financial

"The restricted share units evidence the contingent right to receive Class A ordinary shares"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

American depositary shares financial

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

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

Class A ordinary shares financial

"The restricted share units evidence the contingent right to receive Class A ordinary shares"

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

vested financial

"The restricted share units vested on September 12, 2026 and do not have expiration dates."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did NIO (NIO) disclose for Lee Denny Ting Bun?

NIO disclosed that director Lee Denny Ting Bun converted 131,869 restricted share units into 131,869 American depositary shares when the RSUs vested on September 12, 2026, increasing his directly held ADS position.

How many NIO (NIO) shares does the director hold after this Form 4 transaction?

After the reported transaction, Lee Denny Ting Bun directly holds 492,634 American depositary shares of NIO. The RSUs involved in this filing were fully converted, leaving zero shares under that RSU award outstanding.

What happened to the restricted share units reported in this NIO (NIO) Form 4?

The restricted share units, representing a right to receive Class A ordinary shares upon vesting, vested on September 12, 2026 and were converted into 131,869 ADSs. After this vesting, those RSUs have no expiration dates because they are fully settled.

Does this NIO (NIO) insider transaction involve a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 checkbox is not marked as affirmative, indicating that the reported RSU vesting and ADS issuance were not disclosed as being made under a Rule 10b5-1 trading plan.

What is the relationship between NIO’s ADSs and Class A ordinary shares in this filing?

Each American depositary share represents one Class A ordinary share of NIO. The 131,869 ADSs received by the director therefore correspond to 131,869 Class A ordinary shares underlying the vested restricted share units.

Was there any cash sale or purchase of NIO (NIO) shares in this Form 4?

No cash sale or open-market purchase is reported. The transactions reflect an exercise/conversion of restricted share units into 131,869 ADSs at a stated price of $0.00 per share, consistent with settlement of an equity award.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/14/2026 - 04:07 PM Accepted by SEC EDGAR 09/14/2026 - 04:05 PM Learn about SEC filing dates

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^*

Lee Denny Ting Bun

(Last) (First) (Middle)

NO. 4 DIANTHUS ROAD,

YAU YAT CHUEN, KOWLOON

(Street)

HONG KONG 00000

(City) (State) (Zip)

HONG KONG

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/12/2026

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
American depositary shares(1)	09/12/2026		M		131,869	A	$0	492,634	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	(2)	09/12/2026		M			131,869	(3)	(3)	Class A ordinary shares	131,869	$0	0	D

Explanation of Responses:

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

2. The restricted share units evidence the contingent right to receive Class A ordinary shares upon vesting.

3. The restricted share units vested on September 12, 2026 and do not have expiration dates.

	/s/ Eve Tang, Attorney-in-Fact for Denny Ting Bun Lee	09/14/2026
	** 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)