Tiger Brokers (LKNCY) files to sell 10,000 ADS representing 80,000 shares

Rhea-AI Filing Summary

Tiger Brokers (NZ) Limited submitted a Form 144 notice stating an intention to sell 10,000 American Depositary Shares, each representing eight Class A ordinary shares of Luckin Coffee Inc. The filing lists $335,000.00 and includes dates 06/30/2023 and 05/13/2026, and notes the ADS trade on OTC.

Insights

Securities Compliance Counsel

Form 144 notice for an intended sale of ADS by an affiliate.

The filing lists 10,000 ADS (each ADS = eight Class A ordinary shares) and a dollar figure of $335,000.00. The notice is the regulatory disclosure of a proposed resale under Rule 144; it does not confirm completion.

Timing and cash‑flow treatment are not detailed in the excerpt; subsequent filings or trade reports would show execution and purchaser details.

Key Figures

ADS to be sold: 10,000 ADS ADS ratio: 1 ADS = 8 Class A ordinary shares Listed dollar figure: $335,000.00 +1 more

4 metrics

ADS to be sold 10,000 ADS Form 144 notice

ADS ratio 1 ADS = 8 Class A ordinary shares security description

Listed dollar figure $335,000.00 value shown in excerpt

Excerpted dates 06/30/2023; 05/13/2026 dates appearing in the filing excerpt

Key Terms

American Depositary Shares, Cashless, share incentive plans, OTC

4 terms

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.

Cashless market

"share incentive plans ... 10000 ... 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.

share incentive plans regulatory

"share incentive plans ... Luckin Coffee Inc."

OTC market

"05/13/2026 | OTC"

OTC stands for "over-the-counter" and describes securities that trade directly between dealers or via dealer networks rather than on a formal stock exchange. It matters to investors because OTC listings typically have fewer reporting rules and lower trading volume, which can mean higher price swings, limited liquidity, and greater difficulty buying or selling shares—similar to shopping at a small flea market instead of a large, regulated supermarket.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
American Depositary Shares, each representing eight Class A ordinary shares	TIGER BROKERS (NZ) LIMITED 151 Queen Street Auckland CBD Q2 1010	10000	335000.00	269267174	05/13/2026	OTC

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

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
American Depositary Shares, each representing eight Class A ordinary	06/30/2023	share incentive plans	Luckin Coffee Inc.			10000	06/30/2023	Cashless

* 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

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 for LKNCY filed by Tiger Brokers (NZ) Limited report?

The Form 144 reports an intended sale of 10,000 American Depositary Shares of Luckin Coffee Inc., each ADS representing eight Class A ordinary shares. The notice lists $335,000.00 and references OTC trading.

Does the Form 144 confirm the LKNCY sale was completed?

No. The Form 144 is a notice of a proposed sale under Rule 144; it does not confirm execution. Completion would be shown by trade reports or follow‑up filings indicating the sale occurred.

How many underlying ordinary shares does 10,000 ADS represent for LKNCY?

The filing states each ADS represents eight Class A ordinary shares, so 10,000 ADS correspond to 80,000 Class A ordinary shares based on the disclosed ratio.

What do the dates 06/30/2023 and 05/13/2026 refer to in the excerpt?

The excerpt shows both dates but does not label them further; one appears next to the security description (06/30/2023) and one appears with numeric entries (05/13/2026). The filing does not explictly define their roles in the provided text.

Does the Form 144 disclose how proceeds will be used or who receives cash?

The provided excerpt does not specify the use of proceeds or which party will receive cash. The Form 144 itself typically notifies a proposed sale; cash‑flow treatment is not detailed here.