Pony AI (PONY) CFO’s 18,283-share sale tied to tax sell-to-cover

Rhea-AI Filing Summary

Pony AI Inc. Chief Financial Officer Wang Haojun reported an open-market sale of 18,283 Class A Ordinary Shares on March 30, 2026 at an average price of $8.6875 per share. A footnote explains the sale was made under a mandatory, non-discretionary sell-to-cover arrangement to pay income taxes triggered by vesting of previously reported restricted stock units. After this transaction, Wang directly holds 1,421,543 Class A Ordinary Shares, indicating he retained a large equity position in Pony AI following the tax-related sale.

Insider Trade Summary

Net Seller: 18,283 shares ($158,834)

Net Sell 1 txn

Insider Wang Haojun

Role Chief Financial Officer

Sold 18,283 shs ($159K)

Type	Security	Shares	Price	Value
Sale	Class A Ordinary Shares	18,283	$8.6875	$159K

Holdings After Transaction: Class A Ordinary Shares — 1,421,543 shares (Direct)

Footnotes (1)

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Key Figures

Shares sold: 18,283 shares Sale price: $8.6875 per share Shares held after sale: 1,421,543 shares +1 more

4 metrics

Shares sold 18,283 shares Class A Ordinary Shares sold on March 30, 2026

Sale price $8.6875 per share Average price for the 18,283 shares sold

Shares held after sale 1,421,543 shares Direct Class A Ordinary Shares owned after the transaction

Net share change -18,283 shares Net selling activity reported in the Form 4

Key Terms

mandatory non-discretionary sell-to-cover arrangement, restricted stock units, open-market sale, Class A Ordinary Shares

4 terms

mandatory non-discretionary sell-to-cover arrangement financial

"pursuant to a mandatory non-discretionary sell-to-cover arrangement for the purpose of satisfying income tax liabilities"

restricted stock units financial

"income tax liabilities incurred upon vesting of previously reported restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

open-market sale financial

"transaction_action": "open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Class A Ordinary Shares financial

"security_title": "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.

Form 4 Insider Transactions: What Each Field Means →

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^*

Wang Haojun

(Last) (First) (Middle)

1301 PEARL DEVELOPMENT BLDG, 1 MINGZHU

1ST STREET, HENGLI TOWN, NANSHA DISTRICT

(Street)

GUANGZHOU 511458

(City) (State) (Zip)

CHINA

(Country)

2. Issuer Name and Ticker or Trading Symbol
Pony AI Inc. [ PONY ]

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)
03/30/2026

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
Class A Ordinary Shares	03/30/2026		S(1)		18,283	D	$8.6875	1,421,543	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

Explanation of Responses:

1. Represents the number of shares sold by the Reporting Person pursuant to a mandatory non-discretionary sell-to-cover arrangement for the purpose of satisfying income tax liabilities incurred upon vesting of previously reported restricted stock units.

	/s/ Tian Gao, Attorney-in-Fact for Haojun Wang	03/31/2026
	** 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)

FAQ

What insider transaction did Pony AI (PONY) report for CFO Wang Haojun?

Pony AI reported that CFO Wang Haojun sold 18,283 Class A Ordinary Shares at $8.6875 per share. The transaction was described as an open-market sale and was tied to a mandatory sell-to-cover arrangement for income taxes on vested restricted stock units.

Why did Pony AI (PONY) CFO Wang Haojun sell 18,283 shares?

The 18,283-share sale by CFO Wang Haojun was to cover income tax liabilities from vesting of previously reported restricted stock units. A footnote states it was a mandatory, non-discretionary sell-to-cover arrangement rather than a discretionary decision to reduce his investment.

What price did Pony AI (PONY) CFO receive for the shares sold?

The reported average sale price was $8.6875 per Class A Ordinary Share. This price reflects the consideration received in the open-market transaction associated with the tax-related sell-to-cover, as disclosed in the Form 4 filing for the March 30, 2026 transaction date.

How many Pony AI (PONY) shares does CFO Wang Haojun hold after the sale?

After the transaction, CFO Wang Haojun directly holds 1,421,543 Class A Ordinary Shares of Pony AI Inc. The Form 4 shows this post-transaction ownership, indicating he maintains a substantial stake in the company despite the tax-driven share sale.

Was the Pony AI (PONY) CFO’s share sale discretionary or pre-arranged?

According to the footnote, the sale was executed under a mandatory non-discretionary sell-to-cover arrangement. It was specifically used to satisfy income tax liabilities from vesting restricted stock units, rather than a voluntary decision to trade shares in the open market.