ZHANG NING (Vice President) sold 2.3% of their position (15.52K shares) of PONY AI INC. on the open market

Open‑market sale worth $110.3K — a minor trim. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 1 sale

ZHANG NING

Filed: 9/29/2026ACC: 0001104659-26-111924

InsiderZHANG NINGCIK 2075339

→

IssuerPONY AI INC.CIK 1969302

Officer· Vice President

Since Mar 2026

-15.52K

Net shares

Net seller

$110.3K

Total sold

Open market trades

0B · 1S

Total transactions

31.25K acquired · 46.77K disposed

Non-Derivative Transactions4

Class A Ordinary Shares

Direct

M · Option Exercise

+1.25K

Price / share

—

Trade value

—

% of position

0.2%

9/25/2026

630.11K→631.36K

Class A Ordinary Shares

Direct

M · Option Exercise

+10K

Price / share

—

Trade value

—

% of position

1.6%

9/25/2026

631.36K→641.36K

Class A Ordinary Shares

Direct

M · Option Exercise

+20K

Price / share

—

Trade value

—

% of position

3.1%

9/25/2026

641.36K→661.36K

Class A Ordinary Shares

Direct

S · Sale

−15.52K

Price / share

$7.10

Trade value

$110.28K

% of position

2.3%

9/28/2026

661.36K→645.84K

Total

Net shares

+15.73K

Net value

-$110.28K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A Ordinary Shares Direct	9/25/2026	M · Option Exercise	+1.25K	—	—	0.2%	630.11K	631.36K
Class A Ordinary Shares Direct	9/25/2026	M · Option Exercise	+10K	—	—	1.6%	631.36K	641.36K
Class A Ordinary Shares Direct	9/25/2026	M · Option Exercise	+20K	—	—	3.1%	641.36K	661.36K
Class A Ordinary Shares Direct	9/28/2026	S · Sale	−15.52K	$7.10	$110.28K	2.3%	661.36K	645.84K
Total			+15.73K		-$110.28K

Derivative Transactions3

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Ordinary Shares

1.25K shares

−1.25K

Strike price

Held after

2.92K

Exercisable

—

9/25/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Ordinary Shares

10K shares

−10K

Strike price

Held after

46.67K

Exercisable

—

9/25/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Ordinary Shares

20K shares

−20K

Strike price

Held after

166.67K

Exercisable

—

9/25/2026

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Units Direct	Class A Ordinary Shares1.25K shares	9/25/2026	M · Option Exercise	−1.25K	—	2.92K
Restricted Stock Units Direct	Class A Ordinary Shares10K shares	9/25/2026	M · Option Exercise	−10K	—	46.67K
Restricted Stock Units Direct	Class A Ordinary Shares20K shares	9/25/2026	M · Option Exercise	−20K	—	166.67K