ZHANG NING (Vice President) exercised options at PONY AI INC.

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 4 exercises

ZHANG NING

Filed: 3/27/2026ACC: 0001104659-26-036119

InsiderZHANG NINGCIK 2075339

→

IssuerPONY AI INC.CIK 1969302

Officer· Vice President

Since Mar 2026

0.00

Net shares

Net seller

$0.00

Total acquired

Open market trades

0B · 0S

Total transactions

42.25K acquired · 42.25K disposed

Non-Derivative Transactions4

Class A Ordinary Shares

Direct

M · Option Exercise

+11K

Price / share

—

Trade value

—

% of position

1.9%

3/25/2026

593.24K→604.24K

Class A Ordinary Shares

Direct

M · Option Exercise

+1.25K

Price / share

—

Trade value

—

% of position

0.2%

3/25/2026

604.24K→605.49K

Class A Ordinary Shares

Direct

M · Option Exercise

+10K

Price / share

—

Trade value

—

% of position

1.7%

3/25/2026

605.49K→615.49K

Class A Ordinary Shares

Direct

M · Option Exercise

+20K

Price / share

—

Trade value

—

% of position

3.2%

3/25/2026

615.49K→635.49K

Total

Net shares

+42.25K

Net value

$0.00

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A Ordinary Shares Direct	3/25/2026	M · Option Exercise	+11K	—	—	1.9%	593.24K	604.24K
Class A Ordinary Shares Direct	3/25/2026	M · Option Exercise	+1.25K	—	—	0.2%	604.24K	605.49K
Class A Ordinary Shares Direct	3/25/2026	M · Option Exercise	+10K	—	—	1.7%	605.49K	615.49K
Class A Ordinary Shares Direct	3/25/2026	M · Option Exercise	+20K	—	—	3.2%	615.49K	635.49K
Total			+42.25K		$0.00

Derivative Transactions4

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Ordinary Shares

11K shares

−11K

Strike price

Held after

3.67K

Exercisable

—

3/25/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Ordinary Shares

1.25K shares

−1.25K

Strike price

Held after

5.42K

Exercisable

—

3/25/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Ordinary Shares

10K shares

−10K

Strike price

Held after

66.67K

Exercisable

—

3/25/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Ordinary Shares

20K shares

−20K

Strike price

Held after

206.67K

Exercisable

—

3/25/2026

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Units Direct	Class A Ordinary Shares11K shares	3/25/2026	M · Option Exercise	−11K	—	3.67K
Restricted Stock Units Direct	Class A Ordinary Shares1.25K shares	3/25/2026	M · Option Exercise	−1.25K	—	5.42K
Restricted Stock Units Direct	Class A Ordinary Shares10K shares	3/25/2026	M · Option Exercise	−10K	—	66.67K
Restricted Stock Units Direct	Class A Ordinary Shares20K shares	3/25/2026	M · Option Exercise	−20K	—	206.67K