NIO CFO vests 200K RSUs, 100K shares withheld

NIO Inc.’s Chief Financial Officer Qu Yu reported routine equity compensation activity involving restricted share units (RSUs).

Rhea-AI Filing Summary

NIO Inc.’s Chief Financial Officer Qu Yu reported routine equity compensation activity involving restricted share units (RSUs). On June 1, 2026, 200,000 RSUs vested and were exercised into American depositary shares, each representing one Class A ordinary share.

Of these, 100,000 shares were withheld at a reference price of $5.60 per share to cover associated tax obligations. The issuer expects to sell the withheld shares in the open market on the reporting person’s behalf, so the actual sale price may differ from this reference. Following these transactions, Qu Yu directly holds 315,088 American depositary shares.

Insights

Equity compensation analyst

NIO’s CFO completed routine RSU vesting with tax withholding, not a discretionary stock sale.

The filing shows 200,000 restricted share units vesting into American depositary shares on June 1, 2026. This is a standard compensation event where the RSUs convert into Class A ordinary shares represented by ADSs.

To cover associated taxes, 100,000 shares were withheld at a reference price of $5.60 per share. The issuer expects to sell these withheld shares in the open market on the CFO’s behalf, so the timing and actual sale price may differ. After the transactions, the CFO holds 415,088 ADSs directly, indicating a continued substantial equity position.

Insider Trade Summary

200,000 shares exercised/converted

Exercise 3 txns

Insider Qu Yu

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise	Restricted share units	200,000	$0.00	$0.00
Exercise	American depositary shares	200,000	$0.00	$0.00
Exercise Price or Tax Liability	American depositary shares	100,000	$5.60	$560K

Holdings After Transaction: Restricted share units — 0 contracts (Direct); American depositary shares — 315,088 shares (Direct)

Footnotes (5)

1. F1. Each American depositary share represents one Class A ordinary share.
2. F2. The reported transaction involved the withholding of 100,000 shares upon the vesting of the 200,000 restricted share units in order to pay associated taxes.
3. F3. The closing price of the Issuer's American depositary shares on the last trading day before the withholding. The Issuer expects to sell the withheld shares on behalf of the Reporting Person in the open market, and the actual sales price may differ from the closing price reported herein.
4. F4. The restricted share units evidence the contingent right to receive Class A ordinary shares upon vesting.
5. F5. The restricted share units vested on June 1, 2026, and do not have expiration dates.

Key Figures

RSUs vested: 200,000 units Shares withheld for taxes: 100,000 ADSs Reference price for withholding: $5.60 per share +3 more

6 metrics

RSUs vested 200,000 units Restricted share units vested on June 1, 2026

Shares withheld for taxes 100,000 ADSs Withholding upon vesting of RSUs

Reference price for withholding $5.60 per share Closing price before withholding

Shares held after transaction 415,088 ADSs Direct holdings following Form 4 transactions

Tax-withholding shares in summary 100,000 shares taxWithholdingShares in transactionSummary

Exercise shares in summary 200,000 shares exerciseShares in transactionSummary

Key Terms

restricted share units, American depositary shares, tax-withholding disposition, derivative exercise/conversion, +1 more

5 terms

restricted share units financial

"The restricted share units vested on June 1, 2026, and do not have expiration dates."

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.

tax-withholding disposition financial

"The reported transaction involved the withholding of 100,000 shares upon the vesting of the 200,000 restricted share units in order to pay associated taxes."

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

derivative exercise/conversion financial

"Exercise or conversion of derivative security"

contingent right financial

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

FAQ

What insider transaction did NIO (NIO) CFO Qu Yu report?

NIO’s CFO Qu Yu reported the vesting of 200,000 restricted share units into American depositary shares on June 1, 2026. This routine equity compensation event increased his direct ADS holdings while triggering related tax-withholding activity.

How many NIO (NIO) shares were withheld for taxes in this Form 4?

The filing shows 100,000 American depositary shares were withheld to pay taxes upon vesting of 200,000 restricted share units. These withheld shares use a reference price of $5.60 per share for calculating the tax obligation.

Did NIO’s CFO sell shares in the open market in this Form 4?

The Form 4 reports a tax-withholding disposition of 100,000 shares, not a discretionary market sale. The issuer expects to sell the withheld shares in the open market on the CFO’s behalf, and the eventual sale price may differ from the reference price.

How many NIO (NIO) ADSs does CFO Qu Yu hold after these transactions?

After the reported RSU vesting and tax withholding, CFO Qu Yu directly holds 415,088 American depositary shares. This figure reflects his updated equity position following conversion of 200,000 restricted share units and withholding of 100,000 shares for taxes.

What do the vested NIO restricted share units represent for Qu Yu?

The vested restricted share units give Qu Yu a contingent right that became actual Class A ordinary shares upon vesting. Each American depositary share he received represents one Class A ordinary share, aligning his compensation more directly with NIO’s equity performance.

At what price were the NIO shares valued for tax withholding in this filing?

The 100,000 withheld American depositary shares were valued using the closing price of $5.60 per share on the last trading day before withholding. The issuer notes actual sale prices for these shares may differ when sold in the open market.

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

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Accepted by SEC EDGAR 06/01/2026 - 04:17 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^*

Qu Yu

(Last) (First) (Middle)

BUILDING 19, NO. 1355, CAOBAO ROAD

MINHANG DISTRICT

(Street)

SHANGHAI 200233

(City) (State) (Zip)

CHINA

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

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)	06/01/2026		M		200,000	A	$0	415,088	D
American depositary shares(1)	06/01/2026		F		100,000(2)	D	$5.6(3)	315,088	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	(4)	06/01/2026		M			200,000	(5)	(5)	Class A ordinary share	200,000	$0	0	D

Explanation of Responses:

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

2. The reported transaction involved the withholding of 100,000 shares upon the vesting of the 200,000 restricted share units in order to pay associated taxes.

3. The closing price of the Issuer's American depositary shares on the last trading day before the withholding. The Issuer expects to sell the withheld shares on behalf of the Reporting Person in the open market, and the actual sales price may differ from the closing price reported herein.

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

5. The restricted share units vested on June 1, 2026, and do not have expiration dates.

	/s/ Eve Tang, Attorney-in-Fact for Yu Qu	06/01/2026
	** 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)