NIO president’s 300K RSUs vest; 150K ADS for taxes

NIO Inc. (NIO) reported that President and director Qin Lihong had 300,000 restricted share units vest and be converted into 300,000 American depositary shares on September 1, 2026.

Rhea-AI Filing Summary

NIO Inc. (NIO) reported that President and director Qin Lihong had 300,000 restricted share units vest and be converted into 300,000 American depositary shares on September 1, 2026. As part of a non-discretionary sell-to-cover arrangement, 150,000 ADSs are to be sold at an indicated price of $4.23 per ADS to satisfy income tax liabilities from this vesting, with the actual sale price potentially differing in the market. Following these transactions, Qin holds 900,000 restricted share units directly and has indirect ownership of 10,499,899 Class A ordinary shares through DX Mix Limited and 1 Class A ordinary share through Prime Hubs Limited.

Insider Trade Summary

300,000 shares exercised/converted

Exercise 5 txns

Insider Qin Lihong

Role President

Type	Security	Shares	Price	Value
Exercise	Restricted share units F4, F5	300,000	$0.00	$0.00
Exercise	American depositary shares F1	300,000	$0.00	$0.00
Tax Withholding	American depositary shares F1, F2, F3	150,000	$4.23	$635K
holding	Class A ordinary shares	--	--	--
holding	Class A ordinary shares	--	--	--

Holdings After Transaction: Restricted share units — 900,000 contracts (Direct); American depositary shares — 469,662 shares (Direct); Class A ordinary shares — 10,499,899 shares (Indirect, by DX Mix Limited); Class A ordinary shares — 1 shares (Indirect, by Prime Hubs Limited)

Footnotes (5)

1. F1. Each American depositary share represents one Class A ordinary share.
2. F2. Represents 150,000 shares to be sold pursuant to a non-discretionary sell-to-cover arrangement for the purpose of satisfying income tax liabilities incurred upon vesting of the 300,000 restricted share units.
3. F3. The closing price of the Issuer's American depositary shares on the last trading day before the reported transaction. The Issuer expects to sell these 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 vest in five equal annual installments beginning on September 1, 2025, with 20% vesting in each annual installment, subject to the terms and conditions of the underlying award agreement. The restricted share units do not have expiration dates. The vesting reported herein was as of September 1, 2026.

Key Figures

Restricted share units vested: 300,000 units American depositary shares acquired from vesting: 300,000 ADSs Shares for tax sell-to-cover: 150,000 ADSs +4 more

7 metrics

Restricted share units vested 300,000 units RSUs converted into American depositary shares on September 1, 2026

American depositary shares acquired from vesting 300,000 ADSs Received upon RSU vesting on September 1, 2026

Shares for tax sell-to-cover 150,000 ADSs To be sold to satisfy income tax liabilities on RSU vesting

Referenced closing price per ADS $4.23 per ADS Closing price on last trading day before the reported transaction

Restricted share units held after transaction 900,000 units Direct RSU holdings following the reported vesting event

Indirect Class A ordinary shares via DX Mix Limited 10,499,899 shares Indirect ownership position as of September 1, 2026

Indirect Class A ordinary shares via Prime Hubs Limited 1 share Indirect ownership position as of September 1, 2026

Key Terms

restricted share units, American depositary shares, non-discretionary sell-to-cover arrangement, income tax liabilities

4 terms

restricted share units financial

"The restricted share units evidence the contingent right to receive"

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.

non-discretionary sell-to-cover arrangement financial

"Represents 150,000 shares to be sold pursuant to a non-discretionary sell-to-cover"

income tax liabilities financial

"for the purpose of satisfying income tax liabilities incurred upon vesting"

FAQ

What did NIO (NIO) disclose about Qin Lihong’s recent equity vesting?

NIO disclosed that President Qin Lihong had 300,000 restricted share units vest and convert into 300,000 American depositary shares on September 1, 2026, as part of his equity compensation in Class A ordinary shares.

How many NIO (NIO) shares are being sold to cover taxes for Qin Lihong?

A total of 150,000 American depositary shares are to be sold under a non-discretionary sell-to-cover arrangement to satisfy income tax liabilities from the vesting of 300,000 restricted share units.

What price per share is referenced for the NIO (NIO) tax-related share sale?

The filing references a price of $4.23 per American depositary share, which is the closing price on the last trading day before the reported transaction. The actual sale price in the market may differ from this closing price.

How many restricted share units does Qin Lihong still hold in NIO (NIO)?

After the reported vesting, Qin Lihong holds 900,000 restricted share units directly. These units represent a contingent right to receive Class A ordinary shares upon future vesting under the award agreement.

What indirect holdings in NIO (NIO) does Qin Lihong have after the transaction?

Qin Lihong has indirect ownership of 10,499,899 Class A ordinary shares through DX Mix Limited and 1 Class A ordinary share through Prime Hubs Limited, as reported in the Form 4 holding entries.

How do NIO (NIO) American depositary shares relate to Class A ordinary shares?

Each American depositary share of NIO represents one Class A ordinary share, according to the filing footnote. The reported transactions in ADSs therefore correspond on a one-for-one basis to Class A ordinary shares.

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Available on EDGAR 09/01/2026 - 04:09 PM Accepted by SEC EDGAR 09/01/2026 - 04:07 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^*

Qin Lihong

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/01/2026

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)	09/01/2026		M		300,000	A	$0	619,662	D
American depositary shares(1)	09/01/2026		F		150,000(2)	D	$4.23(3)	469,662	D
Class A ordinary shares								10,499,899	I	by DX Mix Limited
Class A ordinary shares								1	I	by Prime Hubs Limited

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)	09/01/2026		M			300,000	(5)	(5)	Class A ordinary share	300,000	$0	900,000	D

Explanation of Responses:

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

2. Represents 150,000 shares to be sold pursuant to a non-discretionary sell-to-cover arrangement for the purpose of satisfying income tax liabilities incurred upon vesting of the 300,000 restricted share units.

3. The closing price of the Issuer's American depositary shares on the last trading day before the reported transaction. The Issuer expects to sell these 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 vest in five equal annual installments beginning on September 1, 2025, with 20% vesting in each annual installment, subject to the terms and conditions of the underlying award agreement. The restricted share units do not have expiration dates. The vesting reported herein was as of September 1, 2026.

	/s/ Eve Tang, Attorney-in-Fact for Lihong Qin	09/01/2026
	** 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)