Kingsoft Cloud (NASDAQ: KC) director lines up cashless ADS sale
Rhea-AI Filing Summary
Kingsoft Cloud Holdings Ltd (KC) is the issuer in a notice that Liu Tao, identified as a director-level insider, intends to sell securities under Rule 144. The planned transaction involves 30,000 American Depositary Shares, each representing fifteen Class A ordinary shares, to be sold through Tiger Brokers (NZ) Limited on NASDAQ.
The filing lists an approximate aggregate value of $342,600.00 for these shares and indicates the securities come from Share Incentive Plans, with a contemplated cashless transaction method and a date of 08/21/2026.
Positive
- None.
Negative
- None.
Key Figures
American Depositary Shares to be sold: 30,000 American Depositary Shares
Aggregate value of ADSs: $342,600.00
ADS to ordinary share ratio: Each ADS represents fifteen Class A ordinary shares
+1 more
4 metrics
American Depositary Shares to be sold
30,000 American Depositary Shares
Amount of Kingsoft Cloud ADSs covered by the Rule 144 notice
Aggregate value of ADSs
$342,600.00
Approximate value of the 30,000 ADSs listed for sale
ADS to ordinary share ratio
Each ADS represents fifteen Class A ordinary shares
Structure of Kingsoft Cloud’s American Depositary Shares
Sale date
08/21/2026
Date referenced for the securities to be sold under Rule 144
Key Terms
Rule 144, American Depositary Shares, cashless, Share Incentive Plans
4 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
cashless financial
"30000 | 08/21/2026 | Cashless"
A cashless transaction is any deal settled without exchanging physical money; value is transferred by swapping or adjusting securities, like shares or options, rather than paying cash. For investors this matters because cashless settlements preserve a company’s cash balance but can change share counts or ownership percentages, affecting dilution, earnings per share and the value of holdings—similar to trading goods for goods instead of using cash at checkout.
FAQ
What does the Form 144 filed for KC disclose about planned insider sales?
The notice states that Liu Tao plans to sell 30,000 American Depositary Shares of Kingsoft Cloud Holdings Ltd under Rule 144, with an approximate aggregate value of $342,600.00, using a cashless method, and listing a date of 08/21/2026.
How many Kingsoft Cloud (KC) ADSs are covered by this Form 144?
The filing covers 30,000 American Depositary Shares of Kingsoft Cloud Holdings Ltd. Each ADS represents fifteen Class A ordinary shares, and these securities are associated with Share Incentive Plans for the person named in the notice.
What is the approximate value of the Kingsoft Cloud (KC) securities to be sold?
The Form 144 lists an approximate aggregate value of $342,600.00 for the 30,000 American Depositary Shares of Kingsoft Cloud Holdings Ltd that are intended to be sold under Rule 144.
When is the Kingsoft Cloud (KC) Rule 144 sale indicated to occur?
The notice references the date 08/21/2026 for the securities to be sold, and also lists this date in the securities information section, indicating the contemplated timing for the Rule 144 transaction.
What type of transaction method is noted for the Kingsoft Cloud (KC) Form 144 sale?
The Form 144 indicates a cashless transaction method for the sale of 30,000 American Depositary Shares of Kingsoft Cloud Holdings Ltd, and notes that the securities arise from Share Incentive Plans.
AI-generated analysis. How Rhea-AI works. Not financial advice.