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6-K: Grant of Restricted Share Units

SEC announcement ·  Jun 17 18:30
Summary by Futu AI
Li Auto Inc. announced the grant of 2,595,050 Restricted Share Units (RSUs) to 195 employees under its 2019 Plan on June 15, 2024. These RSUs, which represent approximately 0.12% of the company's total shares on a one-share-one-vote basis, will be satisfied using Class A Ordinary Shares held by the depositary of the ADSs. The RSUs are subject to performance targets and vesting periods ranging from 0 to 60 months, with some able to vest within 12 months. The grant does not require shareholder approval, and no financial assistance was provided to the grantees for the purchase of shares. The RSUs are subject to clawback provisions in case of termination of employment or service, impairment of the company's reputation by the grantee, or violation of non-competition or confidentiality agreements. Following the grant, the company may issue further awards representing 41,827,052 Class A Ordinary Shares. The 2019 Plan is not a share scheme under the new Chapter 17 of the Listing Rules, but the company will comply with the transitional arrangements for existing share schemes.
Li Auto Inc. announced the grant of 2,595,050 Restricted Share Units (RSUs) to 195 employees under its 2019 Plan on June 15, 2024. These RSUs, which represent approximately 0.12% of the company's total shares on a one-share-one-vote basis, will be satisfied using Class A Ordinary Shares held by the depositary of the ADSs. The RSUs are subject to performance targets and vesting periods ranging from 0 to 60 months, with some able to vest within 12 months. The grant does not require shareholder approval, and no financial assistance was provided to the grantees for the purchase of shares. The RSUs are subject to clawback provisions in case of termination of employment or service, impairment of the company's reputation by the grantee, or violation of non-competition or confidentiality agreements. Following the grant, the company may issue further awards representing 41,827,052 Class A Ordinary Shares. The 2019 Plan is not a share scheme under the new Chapter 17 of the Listing Rules, but the company will comply with the transitional arrangements for existing share schemes.
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