CTNT insider Huan Liu reports 144,000 RSUs; indirect 515,625

Rhea-AI Filing Summary

Cheetah Net Supply Chain Service (CTNT) reported an insider equity award. On 10/15/2025, CEO and Director Huan Liu acquired 144,000 restricted stock units (RSUs) of Class B common stock, recorded at $0 per unit. The filing notes each RSU represents one share and that the grant under the Amended and Restated 2024 Stock Incentive Plan vested upon grant.

Following the transaction, Liu directly holds 175,250 shares. In addition, the filing lists an indirect holding of 515,625 shares through Fairview Eastern International Holdings Limited, which is 100% owned by Liu. The filing identifies Liu as Chief Executive Officer, Director, Chairman, and a 10% Owner.

Insights

Securities law analyst

Routine insider RSU grant disclosed; holdings updated.

CTNT reported Huan Liu’s acquisition of 144,000 RSUs on 10/15/2025, priced at $0. The explanation states these RSUs vest upon grant and convert to one Class B share each under the 2024 Stock Incentive Plan.

The filing updates ownership to 175,250 shares directly and 515,625 shares indirectly via Fairview Eastern International Holdings Limited, wholly owned by Liu. He is identified as CEO, Director, Chairman, and a 10% Owner.

This is a standard Form 4 disclosure of equity compensation and post-transaction holdings. Actual market impact depends on future dispositions or conversions, which are not detailed in the excerpt.

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^*

Liu Huan

(Last) (First) (Middle)

8707 RESEARCH DRIVE

(Street)

IRVINE CA 92618

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CHEETAH NET SUPPLY CHAIN SERVICE INC. [ CTNT ]

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

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
10/15/2025

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

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 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
Class B Common Stock	10/15/2025		A		144,000(1)	A	$0	175,250	D
Class B Common Stock								515,625	I	By FAIRVIEW EASTERN INTERNATIONAL HOLDINGS LIMITED, which is 100% owned by Huan Liu

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

Explanation of Responses:

1. Represents restricted stock units ("RSUs") of the Issuer. Each RSU represents the contingent right to receive one share of Class B common stock of the Issuer. The RSUs were granted under the Issuer's Amended and Restated 2024 Stock Incentive Plan and were vested upon grant.

Remarks:

Chief Executive Officer, Director, and Chairman of the Board of Directors

	/s/ Huan Liu	10/17/2025
	** 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.

FAQ

What did CTNT disclose about insider Huan Liu’s transaction?

CTNT reported that Huan Liu acquired 144,000 RSUs of Class B common stock on 10/15/2025 at $0 per unit.

Do the 144,000 RSUs for CTNT’s CEO vest immediately?

Yes. The filing states the RSUs were granted under the 2024 plan and vested upon grant.

How many CTNT shares does Huan Liu hold directly after the transaction?

The filing shows 175,250 shares held directly following the reported transaction.

What indirect CTNT holdings are reported for Huan Liu?

An indirect holding of 515,625 shares is listed via Fairview Eastern International Holdings Limited, which Liu owns 100%.

What roles does Huan Liu hold at CTNT?

He is identified as Chief Executive Officer, Director, Chairman, and a 10% Owner.

What does each CTNT RSU represent in this grant?

Each RSU represents the contingent right to receive one share of Class B common stock.