Canaan (CAN) CFO discloses ADS holdings and conversion terms

Rhea-AI Filing Summary

Canaan Inc. Chief Financial Officer Cheng Jin filed an initial Form 3, reporting his beneficial ownership of the company’s securities. He directly holds 15,225,120 American Depositary Shares, which represent Class A ordinary shares of Canaan Inc. According to the disclosure, each American Depositary Share is convertible at any time, at the holder’s election, into 15 Class A ordinary shares, and these ADS have no expiration date. The filing records existing holdings only and does not report any recent purchases or sales.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Cheng Jin

Role Chief Financial Officer

Type	Security	Shares	Price	Value
holding	American Depositary Shares	--	--	--

Holdings After Transaction: American Depositary Shares — 15,225,120 shares (Direct)

Footnotes (1)

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Accepted by SEC EDGAR 03/23/2026 - 06:12 PM Learn about SEC filing dates

FAQ

What did Canaan (CAN) disclose in Cheng Jin’s Form 3 filing?

Canaan’s Chief Financial Officer, Cheng Jin, filed a Form 3 showing his beneficial ownership of 15,225,120 American Depositary Shares. The filing is an initial ownership report and does not reflect any recent stock purchases or sales.

How many Canaan (CAN) American Depositary Shares does the CFO own?

The CFO, Cheng Jin, reports direct ownership of 15,225,120 American Depositary Shares. These ADS represent Canaan’s Class A ordinary shares and are disclosed as his holdings following the reporting date in this initial Form 3 statement.

What is the conversion ratio for Canaan (CAN) American Depositary Shares?

Each Canaan American Depositary Share is convertible at any time into 15 Class A ordinary shares. The conversion occurs at the holder’s election, and the ADS themselves have no stated expiration date according to the filing footnote.

Do the Canaan (CAN) American Depositary Shares held by the CFO expire?

The American Depositary Shares reported as held by Canaan’s CFO have no expiration date. The filing notes that each ADS can be converted into 15 Class A ordinary shares at any time chosen by the holder, without a specified end date.

Does Cheng Jin’s Form 3 for Canaan (CAN) show any recent insider trades?

The Form 3 filing for Canaan’s CFO does not report any recent insider purchases or sales. It serves as an initial statement of beneficial ownership, listing his existing holdings of 15,225,120 American Depositary Shares.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Cheng Jin

(Last) (First) (Middle)

C/O CANAAN INC.

28 AYER RAJAH CRESCENT #06-08

(Street)

SINGAPORE 139959

(City) (State) (Zip)

SINGAPORE

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/23/2026

3. Issuer Name and Ticker or Trading Symbol
Canaan Inc. [ CAN ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
American Depositary Shares	(1)	(1)	Class A ordinary shares	15,225,120	(1)	D

Explanation of Responses:

1. Each American Depositary Share is convertible at any time, at the holder's election, into 15 Class A ordinary shares of the issuer. The American Depositary Shares have no expiration date.

	/s/ Jin Cheng	03/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)