XPENG (NYSE: XPEV) President details 2.4M-RSU grant and share holdings

Rhea-AI Filing Summary

XPENG INC. President Wang Fengying filed an initial ownership report showing both share and equity award positions. She directly holds 1,050,000 Class A ordinary shares and has 1,200,000 Restricted Share Units (RSUs) outstanding, each RSU representing one Class A ordinary share at a nil purchase price upon vesting.

The footnote explains she was granted 2,400,000 RSUs under the 2019 Equity Incentive Plan on March 24, 2023. These RSUs vest in four equal annual installments starting from April 1, 2023. A total of 1,200,000 RSUs vested in two equal installments on April 1, 2024 and April 1, 2025, and the remaining 1,200,000 RSUs are scheduled to vest in two equal annual installments on April 1, 2026 and April 1, 2027, subject to continued service and performance targets.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Wang Fengying

(Last) (First) (Middle)

NO.10, CENCUN FENGZHUANG AVENUE,

TIANHE DISTRICT

(Street)

GUANGZHOU CHINA 510640

(City) (State) (Zip)

CHINA

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
XPENG INC. [ XPEV ]

3a. Foreign Trading Symbol
[9868.HK]

5. If Amendment, Date of Original Filed (Month/Day/Year)

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

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

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A ordinary shares	1,050,000	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Share Units	(1)	(1)	Class A ordinary shares	1,200,000	$0.0	D

Explanation of Responses:

1. The reporting person was granted an aggregate of 2,400,000 Restricted Share Units (RSUs) under the 2019 Equity Incentive Plan on March 24, 2023. Upon vesting of the applicable RSUs, the grantee shall be entitled to receive the same amount of Class A ordinary shares of the Company with nil purchase price. The RSUs subject to the award shall vest in four equal annual installments on each anniversary of the vesting commencement date, April 1,2023, subject to the reporting person's continued service and the achievement of individual performance targets. Therefore, 1,200,000 RSUs subject to this award vested in two equal annual installments on April 1, 2024 and April 1, 2025, respectively; and the remaining 1,200,000 RSUs subject to this award are scheduled to vest in two equal annual installments on April 1, 2026 and April 1, 2027, respectively.

	/s/ Wang Fengying	03/18/2026
	** 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 5 (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 3: SEC 1473 (03-26)

FAQ

What does XPENG (XPEV) President Wang Fengying report owning in this Form 3?

Wang Fengying reports direct ownership of 1,050,000 Class A ordinary shares and 1,200,000 Restricted Share Units (RSUs). Each RSU entitles her to receive one Class A ordinary share at a nil purchase price when the unit vests under the company’s equity plan.

How many RSUs were granted to XPENG (XPEV) President Wang Fengying and when?

She was granted 2,400,000 RSUs on March 24, 2023 under XPENG’s 2019 Equity Incentive Plan. The award is structured to vest in four equal annual installments beginning from a vesting commencement date of April 1, 2023, subject to conditions.

What is the vesting schedule for Wang Fengying’s XPENG (XPEV) RSUs?

The 2,400,000 RSUs vest in four equal annual installments starting April 1, 2023. The filing notes 1,200,000 RSUs vested in two equal installments on April 1, 2024 and April 1, 2025, with the remaining 1,200,000 scheduled to vest in 2026 and 2027.

Are there performance conditions on XPENG (XPEV) President Wang Fengying’s RSUs?

Yes. The remaining RSUs are scheduled to vest in two equal annual installments on April 1, 2026 and April 1, 2027, subject to continued service and achievement of individual performance targets. These conditions must be met for the RSUs to deliver Class A ordinary shares.

What does “nil purchase price” mean for XPENG (XPEV) RSUs held by Wang Fengying?

“Nil purchase price” means that upon vesting, each RSU entitles Wang Fengying to receive one Class A ordinary share without paying any exercise or purchase price. The economic value comes entirely from the market value of the underlying XPENG Class A shares at delivery.

Does this XPENG (XPEV) Form 3 show any share purchases or sales by Wang Fengying?

No. The entries are classified as holdings, not purchases or sales. The Form 3 establishes her initial reported position in Class A ordinary shares and RSUs, rather than disclosing new buy or sell transactions in XPENG stock.