WeRide (WRD) CEO Han Tony Xu details option and Class B stakes
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
WeRide Inc. Chairman and CEO Han Tony Xu reported his initial equity holdings. He holds share options over 4,933,001 Class A Ordinary Shares at an exercise price of $3.89 per share, which are fully vested and exercisable, and options over 22,662,519 Class A Ordinary Shares at $1.24 per share, vesting over time. He also has indirect ownership of 16,399,590 Class B Ordinary Shares through Tonyhan Limited and 24,850,000 Class B Ordinary Shares through Xu Han Limited. Each Class B Ordinary Share is convertible at any time into one Class A Ordinary Share. The filing records existing positions and does not show any new buy or sell transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Han Tony Xu
Role
Chairman and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Share Option (right to buy) | -- | -- | -- |
| holding | Share Option (right to buy) | -- | -- | -- |
| holding | Class B Ordinary Shares | -- | -- | -- |
| holding | Class B Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Share Option (right to buy) — 4,933,001 shares (Direct);
Class B Ordinary Shares — 16,399,590 shares (Indirect, By Tonyhan Limited)
Footnotes (1)
- Fully vested and exercisable. This option vested 25% on October 29, 2023 and the remainder vested or vests in 36 equal monthly installments thereafter, subject to the Reporting Person's continued service to the Issuer. Each Class B Ordinary Share is convertible at any time at the option of the Reporting Person into one Class A Ordinary Share. The Reporting Person holds 51% equity interests in Tonyhan Limited through Xu Han Limited, which is in turn 100% owned by the Reporting Person. The Reporting Person is also the sole director of Tonyhan Limited.
FAQ
What does Han Tony Xu’s Form 3 filing for WeRide (WRD) show?
The Form 3 shows Han Tony Xu’s existing equity holdings in WeRide, including large option grants and indirect Class B Ordinary Share interests, but does not report any new purchases, sales, or option exercises. It establishes his starting ownership position as a director and executive.
What are the vesting terms on Han Tony Xu’s WeRide (WRD) options?
One option grant is fully vested and exercisable. Another vested 25% on October 29, 2023, with the remaining portion vesting in 36 equal monthly installments, subject to his continued service with WeRide. This creates a multi-year vesting schedule for that larger award.