XPENG president acquires 600,000 vested RSU shares

Rhea-AI Filing Summary

XPENG INC. President Wang Fengying exercised restricted share units to acquire 600,000 Class A ordinary shares on April 1, 2026, increasing her direct holdings to 1,650,000 shares. These shares were issued at a nil purchase price upon vesting under the company's 2019 Equity Incentive Plan.

The award originally covered 2,400,000 RSUs granted on March 24, 2023 and vests in four equal annual installments of 600,000 units each, starting April 1, 2023. Following the April 1, 2026 vesting, 600,000 RSUs from this grant remain scheduled to vest on April 1, 2027, subject to continued service and individual performance targets.

Insider Trade Summary

600,000 shares exercised/converted

Exercise 2 txns

Insider Wang Fengying

Role President

Type	Security	Shares	Price	Value
Exercise	Restricted Share Units	600,000	$0.00	$0.00
Exercise	Class A ordinary shares	600,000	$0.00	$0.00

Holdings After Transaction: Restricted Share Units — 600,000 contracts (Direct); Class A ordinary shares — 1,650,000 shares (Direct)

Footnotes (2)

1. F1. The Issuer's Class A ordinary shares were issued to the reporting person upon vesting of Restricted Share Units (RSUs) on April 1, 2026.
2. F2. The reporting person was granted an aggregate of 2,400,000 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, 600,000 RSUs subject to this award vested on April 1, 2026, and the remaining 600,000 RSUs subject to this award are scheduled to vest on April 1, 2027.

Key Figures

RSUs vested: 600,000 units Shares held after transaction: 1,650,000 shares Total RSU grant: 2,400,000 units +3 more

6 metrics

RSUs vested 600,000 units Vested and converted to Class A ordinary shares on April 1, 2026

Shares held after transaction 1,650,000 shares Direct Class A ordinary share holdings after April 1, 2026 vesting

Total RSU grant 2,400,000 units RSUs granted on March 24, 2023 under 2019 Equity Incentive Plan

Annual vesting tranche 600,000 RSUs Each of four equal annual installments starting April 1, 2023

Remaining RSUs to vest 600,000 units Final tranche scheduled to vest on April 1, 2027

Purchase price nil Class A ordinary shares issued upon RSU vesting at no cash cost

Key Terms

Restricted Share Units, 2019 Equity Incentive Plan, nil purchase price, vest in four equal annual installments

4 terms

Restricted Share Units financial

"The Issuer's Class A ordinary shares were issued to the reporting person upon vesting of Restricted Share Units (RSUs) on April 1, 2026."

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.

2019 Equity Incentive Plan financial

"The reporting person was granted an aggregate of 2,400,000 RSUs under the 2019 Equity Incentive Plan on March 24, 2023."

nil purchase price financial

"the grantee shall be entitled to receive the same amount of Class A ordinary shares of the Company with nil purchase price."

vest in four equal annual installments financial

"The RSUs subject to the award shall vest in four equal annual installments on each anniversary of the vesting commencement date, April 1, 2023,"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did XPENG INC. (XPEV) report for Wang Fengying?

XPENG INC. reported that President Wang Fengying acquired 600,000 Class A ordinary shares on April 1, 2026. The shares were issued upon vesting of restricted share units with a nil purchase price under the company’s 2019 Equity Incentive Plan.

How many XPENG INC. (XPEV) shares does Wang Fengying hold after this Form 4?

After the April 1, 2026 transaction, President Wang Fengying directly holds 1,650,000 Class A ordinary shares. This reflects the issuance of 600,000 vested RSU shares added to her prior holdings as disclosed in the Form 4 filing.

What is the size and structure of Wang Fengying’s RSU grant at XPENG INC. (XPEV)?

Wang Fengying was granted 2,400,000 restricted share units on March 24, 2023. The RSUs vest in four equal annual installments of 600,000 units each, beginning April 1, 2023, subject to continued service and individual performance targets.

What happened on April 1, 2026 under XPENG INC. (XPEV) RSU plan?

On April 1, 2026, 600,000 RSUs granted to President Wang Fengying vested, converting into 600,000 Class A ordinary shares. These shares were delivered with a nil purchase price under the 2019 Equity Incentive Plan’s vesting terms.

How many XPENG INC. (XPEV) RSUs remain to vest for Wang Fengying?

Following the April 1, 2026 vesting, 600,000 RSUs from Wang Fengying’s 2,400,000-unit grant remain scheduled to vest on April 1, 2027. This final tranche is subject to her continued service and meeting individual performance targets.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/03/2026 - 07:20 AM EDT 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^*

Wang Fengying

(Last) (First) (Middle)

NO.10, CENCUN FENGZHUANG AVENUE,

TIANHE DISTRICT

(Street)

GUANGZHOU CHINA 510640

(City) (State) (Zip)

CHINA

(Country)

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

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

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

2a. Foreign Trading Symbol
[09868.HK]

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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
Class A ordinary shares	04/01/2026		M(1)		600,000	A	$0	1,650,000	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
Restricted Share Units	$0	04/01/2026		M			600,000	(2)	(2)	Class A ordinary shares	600,000	$0	600,000	D

Explanation of Responses:

1. The Issuer's Class A ordinary shares were issued to the reporting person upon vesting of Restricted Share Units (RSUs) on April 1, 2026.

2. The reporting person was granted an aggregate of 2,400,000 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, 600,000 RSUs subject to this award vested on April 1, 2026, and the remaining 600,000 RSUs subject to this award are scheduled to vest on April 1, 2027.

	/s/ Wang Fengying	04/03/2026
	** 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)