PONY (PONY) affiliate to sell 1.03M Class A shares converted from Series B

Rhea-AI Filing Summary

PONY affiliate filed a Form 144 reporting an intent to sell 1,031,880 Class A ordinary shares.

The filing states these shares were originally pre-IPO purchases of Series B preferred shares that converted into Class A ordinary shares on 10/09/2020. Shares outstanding were 352,452,783 as of 03/30/2026.

Insights

Securities Attorney

Form 144 notifies the market of an affiliate's planned resale of converted pre-IPO shares.

Form 144 is a regulatory notice required when affiliates propose to sell restricted or control securities in reliance on Rule 144. The filing lists 1,031,880 Class A ordinary shares converted from Series B preferred stock on 10/09/2020.

Cash-flow treatment is stated as Cash for the original purchase; the filing does not specify sale method or timing. Subsequent trade details will appear in market transaction filings if and when sales occur.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Ordinary Shares	UBS AG 52/F, Two International Finance Centre, Central K3 000000	500000	5540831.84	352452783	03/30/2026	HKEX

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Ordinary Shares	10/09/2020	Pre-IPO purchases of Series B preferred shares, which preferred shares automatically converted into Class A ordinary shares in connection with the Issuer IPO	Pre-IPO shareholders			1031880	10/09/2020	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does PONY's Form 144 report?

The Form 144 reports an affiliate's plan to sell 1,031,880 Class A ordinary shares, converted from Series B preferred stock on 10/09/2020. It is a notice of intent; actual sales will be reported separately when executed.

Were the shares originally purchased pre-IPO for PONY?

Yes. The filing states these were pre-IPO purchases of Series B preferred shares that automatically converted into Class A ordinary shares in connection with the issuer IPO on 10/09/2020, paid in Cash.

How large is the outstanding share base noted in the filing?

The filing shows 352,452,783 shares outstanding as of 03/30/2026

Does the Form 144 indicate when the shares will be sold?

No specific sale timing or method is provided in the excerpt. The Form 144 serves as a regulatory notice of intent; any actual transactions would be reported later in transaction filings if executed.