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[6-K] Eshallgo Inc. Current Report (Foreign Issuer)

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
6-K
Rhea-AI Filing Summary

On 07/23/2025, Hanesbrands Inc. (HBI) Executive Vice President & President, Global Operations Michael E. Faircloth filed a Form 4 detailing a routine tax-withholding transaction. Upon vesting of restricted stock units granted on 07/22/2024, 646 HBI common shares were automatically withheld (transaction code “F”) at $4.65 per share to satisfy statutory tax obligations. No open-market purchase or discretionary sale occurred, and no derivative securities were involved.

Following the withholding, Faircloth retains 860,400 directly held shares, implying the transaction affected roughly 0.07 % of his stake. The filing therefore signals neither bullish nor bearish intent and is generally viewed as administrative rather than a valuation-driven move.

Il 23/07/2025, Michael E. Faircloth, Vicepresidente Esecutivo e Presidente delle Operazioni Globali di Hanesbrands Inc. (HBI), ha presentato un Modulo 4 relativo a una normale operazione di ritenuta fiscale. Alla maturazione delle unità azionarie vincolate concesse il 22/07/2024, sono state automaticamente trattenute 646 azioni ordinarie HBI (codice transazione “F”) al prezzo di 4,65 $ per azione per adempiere agli obblighi fiscali previsti dalla legge. Non si è verificato alcun acquisto sul mercato aperto né vendita discrezionale, e non sono stati coinvolti strumenti derivati.

Dopo la ritenuta, Faircloth detiene ancora 860.400 azioni direttamente possedute, il che indica che la transazione ha interessato circa lo 0,07% della sua partecipazione. Pertanto, la comunicazione non segnala né un'intenzione rialzista né ribassista ed è generalmente considerata un'operazione amministrativa piuttosto che una mossa basata su valutazioni di mercato.

El 23/07/2025, Michael E. Faircloth, Vicepresidente Ejecutivo y Presidente de Operaciones Globales de Hanesbrands Inc. (HBI), presentó un Formulario 4 detallando una transacción rutinaria de retención fiscal. Al consolidarse las unidades restringidas de acciones otorgadas el 22/07/2024, se retuvieron automáticamente 646 acciones comunes de HBI (código de transacción “F”) a $4.65 por acción para cumplir con las obligaciones fiscales legales. No hubo compra en el mercado abierto ni venta discrecional, y no se involucraron valores derivados.

Tras la retención, Faircloth mantiene 860,400 acciones en propiedad directa, lo que implica que la transacción afectó aproximadamente el 0.07% de su participación. Por lo tanto, la presentación no indica una intención alcista ni bajista y generalmente se considera una acción administrativa más que una decisión basada en valoraciones.

2025년 7월 23일, Hanesbrands Inc.(HBI)의 부사장 겸 글로벌 운영 사장인 Michael E. Faircloth가 일상적인 세금 원천징수 거래에 관한 Form 4를 제출했습니다. 2024년 7월 22일에 부여된 제한 주식 단위가 확정됨에 따라, 법정 세금 의무를 충족하기 위해 주당 $4.65646주의 HBI 보통주가 자동으로 원천징수(거래 코드 “F”)되었습니다. 공개 시장에서의 매수나 임의 매도는 없었으며, 파생 증권도 포함되지 않았습니다.

원천징수 후 Faircloth는 직접 보유한 860,400주를 유지하고 있으며, 이는 그의 지분 약 0.07%에 해당하는 거래임을 의미합니다. 따라서 이번 제출은 강세나 약세 의도를 나타내지 않으며, 일반적으로 평가에 기반한 움직임이 아닌 행정적 절차로 간주됩니다.

Le 23/07/2025, Michael E. Faircloth, Vice-Président Exécutif et Président des Opérations Globales de Hanesbrands Inc. (HBI), a déposé un formulaire 4 détaillant une opération courante de retenue fiscale. Lors de la levée des unités d'actions restreintes attribuées le 22/07/2024, 646 actions ordinaires HBI ont été automatiquement retenues (code transaction « F ») au prix de 4,65 $ par action pour satisfaire aux obligations fiscales légales. Il n’y a eu ni achat sur le marché ouvert ni vente discrétionnaire, et aucun instrument dérivé n’a été impliqué.

Après cette retenue, Faircloth conserve 860 400 actions détenues directement, ce qui implique que la transaction a affecté environ 0,07 % de sa participation. Ce dépôt ne signale donc ni intention haussière ni baissière et est généralement considéré comme une opération administrative plutôt qu’une décision fondée sur une valorisation.

Am 23.07.2025 reichte Michael E. Faircloth, Executive Vice President und Präsident der globalen Operationen von Hanesbrands Inc. (HBI), ein Formular 4 ein, das eine routinemäßige Steuerabzugs-Transaktion beschreibt. Beim Vesting der am 22.07.2024 gewährten Restricted Stock Units wurden automatisch 646 HBI-Stammaktien (Transaktionscode „F“) zu einem Preis von 4,65 $ pro Aktie einbehalten, um gesetzliche Steuerverpflichtungen zu erfüllen. Es fand kein Kauf am offenen Markt oder ein diskretionärer Verkauf statt, und es waren keine Derivate beteiligt.

Nach dem Einbehalt hält Faircloth weiterhin 860.400 direkt gehaltene Aktien, was darauf hindeutet, dass die Transaktion etwa 0,07 % seines Anteils betraf. Die Meldung signalisiert somit weder eine bullische noch bärische Absicht und wird allgemein als administrative Maßnahme und nicht als wertbasierte Entscheidung angesehen.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine tax-withholding; negligible insider signal.

The Form 4 shows a standard F-code transaction where 646 shares were withheld to cover taxes on RSU vesting. Post-event ownership remains sizable at 860.4k shares, suggesting continued alignment with shareholders. Because no open-market activity or derivative exercises occurred and the share count is immaterial (<0.1 % of holdings), market impact is neutral. Investors should not infer directional sentiment from this filing.

Il 23/07/2025, Michael E. Faircloth, Vicepresidente Esecutivo e Presidente delle Operazioni Globali di Hanesbrands Inc. (HBI), ha presentato un Modulo 4 relativo a una normale operazione di ritenuta fiscale. Alla maturazione delle unità azionarie vincolate concesse il 22/07/2024, sono state automaticamente trattenute 646 azioni ordinarie HBI (codice transazione “F”) al prezzo di 4,65 $ per azione per adempiere agli obblighi fiscali previsti dalla legge. Non si è verificato alcun acquisto sul mercato aperto né vendita discrezionale, e non sono stati coinvolti strumenti derivati.

Dopo la ritenuta, Faircloth detiene ancora 860.400 azioni direttamente possedute, il che indica che la transazione ha interessato circa lo 0,07% della sua partecipazione. Pertanto, la comunicazione non segnala né un'intenzione rialzista né ribassista ed è generalmente considerata un'operazione amministrativa piuttosto che una mossa basata su valutazioni di mercato.

El 23/07/2025, Michael E. Faircloth, Vicepresidente Ejecutivo y Presidente de Operaciones Globales de Hanesbrands Inc. (HBI), presentó un Formulario 4 detallando una transacción rutinaria de retención fiscal. Al consolidarse las unidades restringidas de acciones otorgadas el 22/07/2024, se retuvieron automáticamente 646 acciones comunes de HBI (código de transacción “F”) a $4.65 por acción para cumplir con las obligaciones fiscales legales. No hubo compra en el mercado abierto ni venta discrecional, y no se involucraron valores derivados.

Tras la retención, Faircloth mantiene 860,400 acciones en propiedad directa, lo que implica que la transacción afectó aproximadamente el 0.07% de su participación. Por lo tanto, la presentación no indica una intención alcista ni bajista y generalmente se considera una acción administrativa más que una decisión basada en valoraciones.

2025년 7월 23일, Hanesbrands Inc.(HBI)의 부사장 겸 글로벌 운영 사장인 Michael E. Faircloth가 일상적인 세금 원천징수 거래에 관한 Form 4를 제출했습니다. 2024년 7월 22일에 부여된 제한 주식 단위가 확정됨에 따라, 법정 세금 의무를 충족하기 위해 주당 $4.65646주의 HBI 보통주가 자동으로 원천징수(거래 코드 “F”)되었습니다. 공개 시장에서의 매수나 임의 매도는 없었으며, 파생 증권도 포함되지 않았습니다.

원천징수 후 Faircloth는 직접 보유한 860,400주를 유지하고 있으며, 이는 그의 지분 약 0.07%에 해당하는 거래임을 의미합니다. 따라서 이번 제출은 강세나 약세 의도를 나타내지 않으며, 일반적으로 평가에 기반한 움직임이 아닌 행정적 절차로 간주됩니다.

Le 23/07/2025, Michael E. Faircloth, Vice-Président Exécutif et Président des Opérations Globales de Hanesbrands Inc. (HBI), a déposé un formulaire 4 détaillant une opération courante de retenue fiscale. Lors de la levée des unités d'actions restreintes attribuées le 22/07/2024, 646 actions ordinaires HBI ont été automatiquement retenues (code transaction « F ») au prix de 4,65 $ par action pour satisfaire aux obligations fiscales légales. Il n’y a eu ni achat sur le marché ouvert ni vente discrétionnaire, et aucun instrument dérivé n’a été impliqué.

Après cette retenue, Faircloth conserve 860 400 actions détenues directement, ce qui implique que la transaction a affecté environ 0,07 % de sa participation. Ce dépôt ne signale donc ni intention haussière ni baissière et est généralement considéré comme une opération administrative plutôt qu’une décision fondée sur une valorisation.

Am 23.07.2025 reichte Michael E. Faircloth, Executive Vice President und Präsident der globalen Operationen von Hanesbrands Inc. (HBI), ein Formular 4 ein, das eine routinemäßige Steuerabzugs-Transaktion beschreibt. Beim Vesting der am 22.07.2024 gewährten Restricted Stock Units wurden automatisch 646 HBI-Stammaktien (Transaktionscode „F“) zu einem Preis von 4,65 $ pro Aktie einbehalten, um gesetzliche Steuerverpflichtungen zu erfüllen. Es fand kein Kauf am offenen Markt oder ein diskretionärer Verkauf statt, und es waren keine Derivate beteiligt.

Nach dem Einbehalt hält Faircloth weiterhin 860.400 direkt gehaltene Aktien, was darauf hindeutet, dass die Transaktion etwa 0,07 % seines Anteils betraf. Die Meldung signalisiert somit weder eine bullische noch bärische Absicht und wird allgemein als administrative Maßnahme und nicht als wertbasierte Entscheidung angesehen.

 

 

 

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:001-42154

 

ESHALLGO INC.

 

No. 37, Haiyi Villa, Lane 97, Songlin Road

Pudong New District

Shanghai, China 200120

+86 400 100 7299

(Address, including zip code, and telephone number, including area code, of Registrant’s principal executive offices)

 

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 x    Form 40-F ¨

 

 

 

 

 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

 

On July 23, 2025 (the “Notification Date”), Eshallgo Inc. (the “Company”) received notification from the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with the requirement to maintain a minimum closing bid price of $1.00 per share, as set forth in Nasdaq Listing Rule 5550(a)(2), because the closing bid price of the Company’s class A ordinary shares was below $1.00 per share for 30 consecutive business days. The notification does not impact the listing of the Company’s class A ordinary shares on the Nasdaq Capital Market at this time.

 

In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has a period of 180 calendar days from the Notification Date, until January 19, 2026, to regain compliance with the minimum bid price requirement. During this period, the Company’s class A ordinary shares will continue to trade on the Nasdaq Capital Market. If at any time before January 19, 2026, the bid price of the Company’s class A ordinary shares closes at or above $1.00 per share for a minimum of ten consecutive trading days, Nasdaq will provide written notification that the Company has achieved compliance with this minimum bid price requirement.

 

In the event the Company does not regain compliance by January 19, 2026, the Company may be eligible for an additional 180 calendar day compliance period to demonstrate compliance with the bid price requirement. To qualify for the additional 180-day period, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice to Nasdaq of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary. If the Company does not qualify for the second compliance period or fails to regain compliance during the second 180-day period, then Nasdaq will notify the Company of its determination to delist the Company.

 

The Company intends to take all reasonable measures to regain compliance under the Nasdaq Listing Rule 5550(a)(2). However, there can be no assurance that the Company will be able to maintain compliance with the Nasdaq Capital Market’s continued listing requirements or regain compliance with the minimum bid price requirement as set forth in Nasdaq Listing Rule 5550(a)(2).

 

EXHIBIT INDEX

 

Exhibit No.   Description
99.1   Press Release – Eshallgo Inc. Announced Receipt of Notice from Nasdaq regarding Listing Rule 5550(a)(2), dated July 25, 2025

 

 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.

 

  Eshallgo Inc.
   
Date: July 25, 2025 By: /s/ Qiwei Miao
  Name: Qiwei Miao
  Title: Chief Executive Officer

 

 2 

 

FAQ

What did HBI insider Michael E. Faircloth report on Form 4?

He reported the withholding of 646 shares of Hanesbrands common stock to satisfy taxes on vested RSUs.

Was the 646-share transaction an open-market sale?

No. It was an automatic tax-withholding (code "F"), not an open-market trade.

What price was used for the tax-withholding shares?

The shares were valued at $4.65 per share, based on HBI’s 07/22/2025 closing price.

How many HBI shares does Faircloth own after this transaction?

He directly owns 860,400 shares following the filing.

Does the filing indicate bullish or bearish sentiment from the insider?

The filing is administrative and neutral; it does not reflect discretionary buying or selling decisions.
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