STOCK TITAN
  1. Home
  2. Sec-filings
  3. LKNCY
  4. [144] Luckin Coffee Inc. SEC Filing

Luckin Coffee holder plans sale of 2,627,249 ADS

Camel ZQ Limited proposes to sell up to 2,627,249 ADSs for Luckin Coffee through Goldman Sachs, per the Rule 144 notice.

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Luckin Coffee Inc. (LKNCY) is the issuer for which major shareholder Camel ZQ Limited has filed a notice of proposed sale of restricted or control securities under Rule 144. Camel ZQ Limited indicates an intention to sell up to 2,627,249 American Depositary Shares (ADSs), each ADS representing eight Class A ordinary shares, through broker Goldman Sachs & Co. LLC. The filing also notes that 19,459,459 ADSs were previously distributed in kind on March 2, 2022 by Camel Humps Limited on a cashless basis.

Positive

  • None.

Negative

  • None.
ADSs proposed to be sold 2,627,249 American Depositary Shares Proposed sale by Camel ZQ Limited under Rule 144
ADS-to-share ratio 1 ADS represents 8 Class A ordinary shares Structure of Luckin Coffee Inc. American Depositary Shares
Aggregate market value of securities 95,474,228.66 Value associated with the proposed ADS sale under Rule 144
Related disclosed figure 269,267,174 Figure reported alongside the proposed ADS sale data
ADSs previously distributed in kind 19,459,459 American Depositary Shares Distributed in kind on March 2, 2022 by Camel Humps Limited on a cashless basis
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.
American Depositary Shares financial
"American Depositary Shares, each representing eight 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.
distributed in kind financial
"American Depositary Shares ... 03/02/2022 | Distributed in kind"
cashless financial
"03/02/2022 | 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.
major shareholder with more than 5% financial
"Major shareholder with more than 5%"

FAQ

What does the Form 144 filing mean for Luckin Coffee Inc. (LKNCY)?
The filing states that Camel ZQ Limited, a major shareholder of Luckin Coffee Inc., has given notice under Rule 144 of an intention to sell up to 2,627,249 ADSs. This concerns shareholder sales and does not describe any securities offering by Luckin Coffee Inc. itself.

How many Luckin Coffee (LKNCY) ADSs are proposed to be sold under this Form 144?
Camel ZQ Limited indicates a proposed sale of up to 2,627,249 American Depositary Shares. Each ADS represents eight Class A ordinary shares of Luckin Coffee Inc.

Who is the selling security holder in this Luckin Coffee (LKNCY) Form 144?
The selling security holder is Camel ZQ Limited, described as a major shareholder with more than 5% ownership. The notice is signed by Jun Liu on behalf of Camel ZQ Limited.

Which broker is handling the proposed sale of Luckin Coffee (LKNCY) ADSs?
The proposed sale of up to 2,627,249 ADSs is listed as being through Goldman Sachs & Co. LLC, located at 200 West Street, New York, NY 10282.

What is the aggregate market value shown in the Luckin Coffee (LKNCY) Form 144?
The securities information section lists an aggregate market value of 95,474,228.66 for the proposed ADS sales, with a related figure of 269,267,174 also disclosed in the same table.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

Source: View Original Filing on SEC EDGAR