=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-09-01
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: NIO Inc. (NIO)
CIK: 0001736541
--- Reporting Owner ---
Name: Qin Lihong
CIK: 0002111249
Role: Director, Officer (President)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: American depositary shares
Date: 2026-09-01 | Code: M (Exercise of derivative)
Shares: +300,000 | Price: $0.00
Shares Owned After: 619,662 | Ownership: D (Direct)
Footnotes:
[F1] Each American depositary share represents one Class A ordinary share.
[Transaction #2]
Security: American depositary shares
Date: 2026-09-01 | Code: F (Payment of exercise/tax)
Shares: -150,000 | Price: $4.23
Total Value: $634,500.00
Shares Owned After: 469,662 | Ownership: D (Direct)
Footnotes:
[F1] Each American depositary share represents one Class A ordinary share.
[F2] Represents 150,000 shares to be sold pursuant to a non-discretionary sell-to-cover arrangement for the purpose of satisfying income tax liabilities incurred upon vesting of the 300,000 restricted share units.
[F3] The closing price of the Issuer's American depositary shares on the last trading day before the reported transaction. The Issuer expects to sell these shares on behalf of the Reporting Person in the open market, and the actual sales price may differ from the closing price reported herein.
--- Derivative Transactions ---
[Transaction #1]
Security: Restricted share units
Date: 2026-09-01 | Code: M (Exercise of derivative)
Shares: -300,000 | Price: $0.00
Shares Owned After: 900,000 | Ownership: D (Direct)
Footnotes:
[F4] The restricted share units evidence the contingent right to receive Class A ordinary shares upon vesting.
[F5] The restricted share units vest in five equal annual installments beginning on September 1, 2025, with 20% vesting in each annual installment, subject to the terms and conditions of the underlying award agreement. The restricted share units do not have expiration dates. The vesting reported herein was as of September 1, 2026.
[F5] The restricted share units vest in five equal annual installments beginning on September 1, 2025, with 20% vesting in each annual installment, subject to the terms and conditions of the underlying award agreement. The restricted share units do not have expiration dates. The vesting reported herein was as of September 1, 2026.
--- Holdings ---
[Holding #1]
Security: Class A ordinary shares
Ownership: I (Indirect)
[Holding #2]
Security: Class A ordinary shares
Ownership: I (Indirect)
--- Footnotes (Complete Index) ---
F1: Each American depositary share represents one Class A ordinary share.
F2: Represents 150,000 shares to be sold pursuant to a non-discretionary sell-to-cover arrangement for the purpose of satisfying income tax liabilities incurred upon vesting of the 300,000 restricted share units.
F3: The closing price of the Issuer's American depositary shares on the last trading day before the reported transaction. The Issuer expects to sell these shares on behalf of the Reporting Person in the open market, and the actual sales price may differ from the closing price reported herein.
F4: The restricted share units evidence the contingent right to receive Class A ordinary shares upon vesting.
F5: The restricted share units vest in five equal annual installments beginning on September 1, 2025, with 20% vesting in each annual installment, subject to the terms and conditions of the underlying award agreement. The restricted share units do not have expiration dates. The vesting reported herein was as of September 1, 2026.
--- Signature ---
/s/ /s/ Eve Tang, Attorney-in-Fact for Lihong Qin (2026-09-01)
