Li Auto Grants 35 Million Stock Options to Three Executives, Tied to $128 Billion Market Cap Target

On June 16, 2024, Li Auto Inc. announced the grant of a total of 35 million Class A ordinary share options to its Chief Financial Officer, Li Tie; President, Ma Donghui; and Chief Technology Officer, Xie Yan. Among these, Ma Donghui received 15 million options, while Li Tie and Xie Yan each received 10 million options. The exercise price for these options is set at $14.38 per ADS, based on the closing price on June 15. The 35 million Class A ordinary shares are convertible into 17.5 million American Depositary Shares (ADSs). The options will vest in five tranches tied to the company’s market capitalization milestones, starting at HK$200 billion, with each subsequent tranche increasing by HK$200 billion, culminating in a fifth tranche linked to a HK$1 trillion market cap target.