Canaan CFO buys 65,000 ADS in open market

Canaan Inc. Chief Financial Officer Cheng Jin reported an open-market purchase of 65,000 American Depositary Shares at $0.35 per share on June 15, 2026.

Rhea-AI Filing Summary

Canaan Inc. Chief Financial Officer Cheng Jin reported an open-market purchase of 65,000 American Depositary Shares at $0.35 per share on June 15, 2026. Following this transaction, his direct holdings total 1,080,008 ADS. Each ADS is convertible into 15 Class A ordinary shares with no expiration date.

Insider Trade Summary

Net Buyer: 65,000 shares

Net Buy 1 txn

Insider Cheng Jin

Role Chief Financial Officer

Bought 65,000 shs ($23K)

Type	Security	Shares	Price	Value
Purchase	American Depositary Shares	65,000	$0.35	$23K

Holdings After Transaction: American Depositary Shares — 1,080,008 contracts (Direct)

Footnotes (1)

1. F1. 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.

Key Figures

ADS purchased: 65,000 ADS Purchase price: $0.35 per ADS Holdings after transaction: 1,080,008 ADS +1 more

4 metrics

ADS purchased 65,000 ADS Open-market purchase on June 15, 2026

Purchase price $0.35 per ADS Price paid in the reported transaction

Holdings after transaction 1,080,008 ADS Direct ownership following the purchase

ADS conversion ratio 15 Class A shares per ADS Each ADS convertible into 15 Class A ordinary shares

Key Terms

American Depositary Shares, open-market purchase, Class A ordinary shares, Chief Financial Officer

4 terms

American Depositary Shares financial

"Each American Depositary Share is convertible at any time, at the holder's election, into 15 Class A ordinary shares"

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

open-market purchase financial

"transaction_action: open-market purchase"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

Class A ordinary shares financial

"into 15 Class A ordinary shares of the issuer"

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

Chief Financial Officer financial

"officer_title: Chief Financial Officer"

A Chief Financial Officer (CFO) is the person in charge of a company's money and financial planning. They decide how to spend, save, and invest funds to help the company grow and stay stable. Their role is important because good financial decisions keep the company healthy and successful.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Canaan Inc. (CAN) report for Cheng Jin?

Canaan Inc. reported that Chief Financial Officer Cheng Jin bought 65,000 American Depositary Shares in an open-market purchase at $0.35 per share. This transaction increased his direct holdings to 1,080,008 ADS in the company.

At what price did Canaan Inc. (CAN) CFO buy the 65,000 ADS?

The CFO purchased 65,000 American Depositary Shares at $0.35 per share. This price reflects what he paid in the open market on June 15, 2026, as disclosed in the insider trading report.

How many Canaan Inc. (CAN) ADS does the CFO own after this transaction?

After the reported purchase, the Canaan Inc. CFO directly owns 1,080,008 American Depositary Shares. This figure includes the newly acquired 65,000 ADS from the June 15, 2026 open-market transaction reported on Form 4.

What does each Canaan Inc. (CAN) American Depositary Share represent?

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

Was the Canaan Inc. (CAN) CFO transaction an open-market purchase or another type?

The transaction was an open-market purchase of American Depositary Shares by the CFO. The Form 4 describes it with transaction code P, indicating a purchase in open market or private transaction, and labels the direction as a buy.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/17/2026 - 09:10 PM Learn about SEC filing dates

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
American Depositary Shares	(1)	06/15/2026		P		65,000		(1)	(1)	Class A ordinary shares	975,000	$0.35	1,080,008	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	06/17/2026
	** 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 4 (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 4: SEC 1474 (03-26)