STOCK TITAN

[6-K] DDC Enterprise Limited Current Report (Foreign Issuer)

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6-K
Rhea-AI Filing Summary

Alpha Teknova, Inc. (TKNO) – Form 4 insider transaction

Director Martha J. Demski reported a single open-market sale of the company’s common stock on 27 June 2025. The transaction was executed under a Rule 10b5-1 trading plan adopted 12 March 2025 and was expressly intended to cover tax obligations arising from the vesting of director restricted stock units.

  • Securities sold: 8,000 common shares
  • Sale price: $5.064 per share
  • Gross proceeds: approximately $40,512
  • Post-transaction ownership: 12,000 common shares held directly

No derivative securities were acquired or disposed of, and no other transactions were reported. After the sale, Demski retains a direct equity interest in the company, but her share count declined by 40% from 20,000 to 12,000 shares. Because the disposition was pre-programmed under a 10b5-1 plan and earmarked for tax withholding, it is generally viewed as administrative rather than indicative of a changed outlook. Nevertheless, investors often monitor insider sales—especially by board members—for potential signaling effects. The filing does not disclose any changes to Demski’s role, company strategy, or financial performance.

Alpha Teknova, Inc. (TKNO) – Transazione insider Form 4

La direttrice Martha J. Demski ha segnalato una vendita sul mercato aperto di azioni ordinarie della società avvenuta il 27 giugno 2025. L’operazione è stata eseguita nell’ambito di un piano di trading Rule 10b5-1 adottato il 12 marzo 2025 ed è stata specificamente finalizzata a coprire obblighi fiscali derivanti dalla maturazione di unità azionarie ristrette per i direttori.

  • Azioni vendute: 8.000 azioni ordinarie
  • Prezzo di vendita: 5,064 USD per azione
  • Proventi lordi: circa 40.512 USD
  • Possesso dopo la transazione: 12.000 azioni ordinarie detenute direttamente

Non sono stati acquisiti o ceduti titoli derivati e non sono state segnalate altre operazioni. Dopo la vendita, Demski mantiene una partecipazione diretta nella società, anche se il numero di azioni possedute è diminuito del 40%, passando da 20.000 a 12.000. Poiché la vendita è stata programmata in anticipo nell’ambito di un piano 10b5-1 e destinata alla ritenuta fiscale, viene generalmente considerata una misura amministrativa piuttosto che un segnale di cambiamento di prospettiva. Tuttavia, gli investitori monitorano spesso le vendite da parte degli insider, in particolare dei membri del consiglio, per possibili segnali. La documentazione non riporta modifiche nel ruolo di Demski, nella strategia aziendale o nelle performance finanziarie.

Alpha Teknova, Inc. (TKNO) – Transacción insider Formulario 4

La directora Martha J. Demski reportó una venta en el mercado abierto de acciones ordinarias de la empresa el 27 de junio de 2025. La operación se realizó bajo un plan de negociación Rule 10b5-1 adoptado el 12 de marzo de 2025 y estuvo destinada expresamente a cubrir obligaciones fiscales derivadas del otorgamiento de unidades restringidas de acciones para directores.

  • Valores vendidos: 8,000 acciones ordinarias
  • Precio de venta: 5.064 USD por acción
  • Ingresos brutos: aproximadamente 40,512 USD
  • Propiedad después de la transacción: 12,000 acciones ordinarias en propiedad directa

No se adquirieron ni vendieron valores derivados, ni se reportaron otras transacciones. Después de la venta, Demski mantiene una participación directa en la empresa, aunque su número de acciones disminuyó un 40%, de 20,000 a 12,000. Dado que la venta fue preprogramada bajo un plan 10b5-1 y destinada a la retención fiscal, generalmente se considera una medida administrativa más que un indicio de un cambio en la perspectiva. Sin embargo, los inversores suelen monitorear las ventas de insiders, especialmente de miembros del consejo, en busca de posibles señales. La documentación no revela cambios en el rol de Demski, la estrategia de la empresa o el desempeño financiero.

Alpha Teknova, Inc. (TKNO) – Form 4 내부자 거래 보고

이사 Martha J. Demski2025년 6월 27일 회사 보통주를 단일 공개시장 매도로 보고했습니다. 이 거래는 2025년 3월 12일 채택된 Rule 10b5-1 거래 계획에 따라 실행되었으며, 이사 제한 주식 단위의 권리 확정으로 발생한 세금 의무를 충당하기 위한 목적이 명확히 있었습니다.

  • 매도한 증권: 보통주 8,000주
  • 매도가격: 주당 5.064달러
  • 총 매출액: 약 40,512달러
  • 거래 후 보유 주식: 직접 보유한 보통주 12,000주

파생증권은 취득하거나 처분하지 않았으며, 다른 거래도 보고되지 않았습니다. 매도 후 Demski는 회사에 대한 직접 지분을 유지하지만 보유 주식 수는 20,000주에서 12,000주로 40% 감소했습니다. 처분은 10b5-1 계획에 따라 사전에 프로그램된 것이며 세금 원천징수용으로 지정되었기 때문에 일반적으로 행정적인 조치로 간주되며 전망 변화의 신호로 보지 않습니다. 그럼에도 불구하고 투자자들은 특히 이사회 구성원의 내부자 매도를 잠재적 신호로 주시하는 경향이 있습니다. 보고서에는 Demski의 역할, 회사 전략 또는 재무 성과에 대한 변경 사항은 포함되어 있지 않습니다.

Alpha Teknova, Inc. (TKNO) – Transaction d’initié Formulaire 4

La directrice Martha J. Demski a déclaré une seule vente sur le marché libre d’actions ordinaires de la société le 27 juin 2025. La transaction a été réalisée dans le cadre d’un plan de négociation Rule 10b5-1 adopté le 12 mars 2025 et avait pour but explicite de couvrir les obligations fiscales liées à l’acquisition des unités d’actions restreintes des administrateurs.

  • Titres vendus : 8 000 actions ordinaires
  • Prix de vente : 5,064 $ par action
  • Produit brut : environ 40 512 $
  • Participation après transaction : 12 000 actions ordinaires détenues directement

Aucun titre dérivé n’a été acquis ou cédé, et aucune autre transaction n’a été signalée. Après la vente, Demski conserve une participation directe dans la société, mais son nombre d’actions a diminué de 40 %, passant de 20 000 à 12 000 actions. Comme la cession était préprogrammée dans le cadre d’un plan 10b5-1 et destinée à la retenue fiscale, elle est généralement considérée comme une démarche administrative plutôt que comme un signe d’évolution des perspectives. Néanmoins, les investisseurs surveillent souvent les ventes d’initiés – en particulier celles des membres du conseil d’administration – pour leurs éventuels effets de signal. Le dépôt ne révèle aucun changement dans le rôle de Demski, la stratégie de l’entreprise ou ses performances financières.

Alpha Teknova, Inc. (TKNO) – Insider-Transaktion Form 4

Die Direktorin Martha J. Demski meldete am 27. Juni 2025 einen einzelnen Verkauf von Stammaktien des Unternehmens am offenen Markt. Die Transaktion wurde im Rahmen eines Rule 10b5-1 Handelsplans, der am 12. März 2025 angenommen wurde, durchgeführt und diente ausdrücklich zur Deckung von Steuerverpflichtungen, die durch die Vesting von eingeschränkten Aktieneinheiten für Direktoren entstanden sind.

  • Verkaufte Wertpapiere: 8.000 Stammaktien
  • Verkaufspreis: 5,064 USD pro Aktie
  • Bruttoerlös: ca. 40.512 USD
  • Besitz nach der Transaktion: 12.000 Stammaktien im Direktbesitz

Es wurden keine derivativen Wertpapiere erworben oder veräußert, und es wurden keine weiteren Transaktionen gemeldet. Nach dem Verkauf hält Demski weiterhin eine direkte Beteiligung am Unternehmen, allerdings sank ihre Aktienanzahl um 40 % von 20.000 auf 12.000 Aktien. Da die Veräußerung vorprogrammiert im Rahmen eines 10b5-1-Plans war und für die Steuerabführung vorgesehen ist, wird sie allgemein als administrative Maßnahme und nicht als Hinweis auf eine geänderte Einschätzung betrachtet. Dennoch beobachten Investoren Insider-Verkäufe – insbesondere von Vorstandsmitgliedern – oft als potenzielles Signal. Die Meldung enthält keine Hinweise auf Änderungen in Demskis Rolle, der Unternehmensstrategie oder der finanziellen Leistung.

Positive
  • Transparent 10b5-1 plan: Sale executed under a pre-adopted trading plan, enhancing disclosure and reducing potential for opportunistic trades.
Negative
  • 40% reduction in director holdings: Insider’s share count falls from 20,000 to 12,000, which may signal lower personal exposure to future upside.

Insights

TL;DR: Minor, pre-scheduled insider sale; neutral valuation impact.

The director sold 8,000 TKNO shares (40% of her stake) at $5.064 under a 10b5-1 plan to pay taxes on vested RSUs. Because the sale was predetermined and purpose-specific, it does not necessarily reflect her view of the company’s fundamentals. Remaining ownership of 12,000 shares shows continued alignment. Dollar value (~$40k) is immaterial relative to trading volume and market cap, so I view the filing as not impactful to valuation.

TL;DR: Insider sale reduces alignment; slight governance negative.

Although executed under a compliant 10b5-1 plan, the 40% reduction in holdings lessens Demski’s direct exposure to TKNO’s equity performance. Frequent or sizeable director sales can raise questions about board-level confidence. Still, continued ownership and transparent disclosure mitigate concerns. Overall governance impact is mildly negative but limited.

Alpha Teknova, Inc. (TKNO) – Transazione insider Form 4

La direttrice Martha J. Demski ha segnalato una vendita sul mercato aperto di azioni ordinarie della società avvenuta il 27 giugno 2025. L’operazione è stata eseguita nell’ambito di un piano di trading Rule 10b5-1 adottato il 12 marzo 2025 ed è stata specificamente finalizzata a coprire obblighi fiscali derivanti dalla maturazione di unità azionarie ristrette per i direttori.

  • Azioni vendute: 8.000 azioni ordinarie
  • Prezzo di vendita: 5,064 USD per azione
  • Proventi lordi: circa 40.512 USD
  • Possesso dopo la transazione: 12.000 azioni ordinarie detenute direttamente

Non sono stati acquisiti o ceduti titoli derivati e non sono state segnalate altre operazioni. Dopo la vendita, Demski mantiene una partecipazione diretta nella società, anche se il numero di azioni possedute è diminuito del 40%, passando da 20.000 a 12.000. Poiché la vendita è stata programmata in anticipo nell’ambito di un piano 10b5-1 e destinata alla ritenuta fiscale, viene generalmente considerata una misura amministrativa piuttosto che un segnale di cambiamento di prospettiva. Tuttavia, gli investitori monitorano spesso le vendite da parte degli insider, in particolare dei membri del consiglio, per possibili segnali. La documentazione non riporta modifiche nel ruolo di Demski, nella strategia aziendale o nelle performance finanziarie.

Alpha Teknova, Inc. (TKNO) – Transacción insider Formulario 4

La directora Martha J. Demski reportó una venta en el mercado abierto de acciones ordinarias de la empresa el 27 de junio de 2025. La operación se realizó bajo un plan de negociación Rule 10b5-1 adoptado el 12 de marzo de 2025 y estuvo destinada expresamente a cubrir obligaciones fiscales derivadas del otorgamiento de unidades restringidas de acciones para directores.

  • Valores vendidos: 8,000 acciones ordinarias
  • Precio de venta: 5.064 USD por acción
  • Ingresos brutos: aproximadamente 40,512 USD
  • Propiedad después de la transacción: 12,000 acciones ordinarias en propiedad directa

No se adquirieron ni vendieron valores derivados, ni se reportaron otras transacciones. Después de la venta, Demski mantiene una participación directa en la empresa, aunque su número de acciones disminuyó un 40%, de 20,000 a 12,000. Dado que la venta fue preprogramada bajo un plan 10b5-1 y destinada a la retención fiscal, generalmente se considera una medida administrativa más que un indicio de un cambio en la perspectiva. Sin embargo, los inversores suelen monitorear las ventas de insiders, especialmente de miembros del consejo, en busca de posibles señales. La documentación no revela cambios en el rol de Demski, la estrategia de la empresa o el desempeño financiero.

Alpha Teknova, Inc. (TKNO) – Form 4 내부자 거래 보고

이사 Martha J. Demski2025년 6월 27일 회사 보통주를 단일 공개시장 매도로 보고했습니다. 이 거래는 2025년 3월 12일 채택된 Rule 10b5-1 거래 계획에 따라 실행되었으며, 이사 제한 주식 단위의 권리 확정으로 발생한 세금 의무를 충당하기 위한 목적이 명확히 있었습니다.

  • 매도한 증권: 보통주 8,000주
  • 매도가격: 주당 5.064달러
  • 총 매출액: 약 40,512달러
  • 거래 후 보유 주식: 직접 보유한 보통주 12,000주

파생증권은 취득하거나 처분하지 않았으며, 다른 거래도 보고되지 않았습니다. 매도 후 Demski는 회사에 대한 직접 지분을 유지하지만 보유 주식 수는 20,000주에서 12,000주로 40% 감소했습니다. 처분은 10b5-1 계획에 따라 사전에 프로그램된 것이며 세금 원천징수용으로 지정되었기 때문에 일반적으로 행정적인 조치로 간주되며 전망 변화의 신호로 보지 않습니다. 그럼에도 불구하고 투자자들은 특히 이사회 구성원의 내부자 매도를 잠재적 신호로 주시하는 경향이 있습니다. 보고서에는 Demski의 역할, 회사 전략 또는 재무 성과에 대한 변경 사항은 포함되어 있지 않습니다.

Alpha Teknova, Inc. (TKNO) – Transaction d’initié Formulaire 4

La directrice Martha J. Demski a déclaré une seule vente sur le marché libre d’actions ordinaires de la société le 27 juin 2025. La transaction a été réalisée dans le cadre d’un plan de négociation Rule 10b5-1 adopté le 12 mars 2025 et avait pour but explicite de couvrir les obligations fiscales liées à l’acquisition des unités d’actions restreintes des administrateurs.

  • Titres vendus : 8 000 actions ordinaires
  • Prix de vente : 5,064 $ par action
  • Produit brut : environ 40 512 $
  • Participation après transaction : 12 000 actions ordinaires détenues directement

Aucun titre dérivé n’a été acquis ou cédé, et aucune autre transaction n’a été signalée. Après la vente, Demski conserve une participation directe dans la société, mais son nombre d’actions a diminué de 40 %, passant de 20 000 à 12 000 actions. Comme la cession était préprogrammée dans le cadre d’un plan 10b5-1 et destinée à la retenue fiscale, elle est généralement considérée comme une démarche administrative plutôt que comme un signe d’évolution des perspectives. Néanmoins, les investisseurs surveillent souvent les ventes d’initiés – en particulier celles des membres du conseil d’administration – pour leurs éventuels effets de signal. Le dépôt ne révèle aucun changement dans le rôle de Demski, la stratégie de l’entreprise ou ses performances financières.

Alpha Teknova, Inc. (TKNO) – Insider-Transaktion Form 4

Die Direktorin Martha J. Demski meldete am 27. Juni 2025 einen einzelnen Verkauf von Stammaktien des Unternehmens am offenen Markt. Die Transaktion wurde im Rahmen eines Rule 10b5-1 Handelsplans, der am 12. März 2025 angenommen wurde, durchgeführt und diente ausdrücklich zur Deckung von Steuerverpflichtungen, die durch die Vesting von eingeschränkten Aktieneinheiten für Direktoren entstanden sind.

  • Verkaufte Wertpapiere: 8.000 Stammaktien
  • Verkaufspreis: 5,064 USD pro Aktie
  • Bruttoerlös: ca. 40.512 USD
  • Besitz nach der Transaktion: 12.000 Stammaktien im Direktbesitz

Es wurden keine derivativen Wertpapiere erworben oder veräußert, und es wurden keine weiteren Transaktionen gemeldet. Nach dem Verkauf hält Demski weiterhin eine direkte Beteiligung am Unternehmen, allerdings sank ihre Aktienanzahl um 40 % von 20.000 auf 12.000 Aktien. Da die Veräußerung vorprogrammiert im Rahmen eines 10b5-1-Plans war und für die Steuerabführung vorgesehen ist, wird sie allgemein als administrative Maßnahme und nicht als Hinweis auf eine geänderte Einschätzung betrachtet. Dennoch beobachten Investoren Insider-Verkäufe – insbesondere von Vorstandsmitgliedern – oft als potenzielles Signal. Die Meldung enthält keine Hinweise auf Änderungen in Demskis Rolle, der Unternehmensstrategie oder der finanziellen Leistung.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of July 2025

 

Commission File Number: 001-41872

 

DDC Enterprise Limited

 

 368 9th Ave., New York, NY 10001 USA

+ 852-2803-0688

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F ☒        Form 40-F ☐

 

 

 

 

 

Information Contained in this Form 6-K Report

 

When used in this Form 6-K (this “Report”), unless otherwise indicated, the terms, “DDC,” “Company,” and “we” refer to DDC Enterprise Limited.

  

On July 1, 2025, the Company issued a press release announcing the closing of certain financing transactions to expand its Bitcoin treasury. The press release is attached hereto and incorporated by reference.

 

As of July 1, 2025, the Company has 8,307,583 Class A Ordinary shares issued and outstanding (which includes 1,513,520 Class A Ordinary shares that the Company is obligated to issue but which are pending issuance).

 

Safe Harbor Statements

 

This filing contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “in the process of,” “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” “potential,” “continue” or other similar expressions. Among other things, completion of the reverse split and removal of the trade halt are forward-looking statements. DDC may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about DDC’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: DDC’s Bitcoin strategy, performance of JV’s; DDC’s growth strategies; its future business development, results of operations and financial condition; its ability to understand buyer needs and provide products and services to attract and retain buyers; its ability to maintain and enhance the recognition and reputation of its brand; its ability to rely on merchants and third-party logistics service providers to provide delivery services to buyers; its ability to maintain and improve quality control policies and measures; its ability to establish and maintain relationships with merchants; trends and competition in China’s e-commerce market; changes in its revenues and certain cost or expense items; the expected growth of China’s e-commerce market; PRC governmental policies and regulations relating to DDC’s industry, and general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in DDC’s filings with the SEC. All information provided in this report and in the attachments is as of the date of this report, and DDC undertakes no obligation to update any forward-looking statement, except as required under applicable law.

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  DDC Enterprise Limited
   
Date: July 1, 2025 By: /s/ Norma Ka Yin Chu
  Name:  Norma Ka Yin Chu
  Title: Chief Executive Officer

 

2

 

 

EXHIBIT INDEX

 

Exhibit No.   Description
99.1   Press Release issued July 1, 2025

 

3

 

FAQ

Who sold Alpha Teknova (TKNO) shares in the latest Form 4?

Director Martha J. Demski reported the transaction.

How many TKNO shares were sold and at what price?

She sold 8,000 shares at $5.064 per share.

What is Martha Demski’s remaining ownership after the sale?

She now holds 12,000 common shares directly.

Why was the sale executed?

The sale was made to cover tax obligations related to vesting RSUs and was executed under a Rule 10b5-1 plan.

When was the 10b5-1 plan adopted?

The trading plan was adopted on 12 March 2025.

Were any derivative securities involved?

No derivative securities were acquired or disposed of in this filing.
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