Luckin Coffee's Cao Wenbao proposes $5.37M share sale

Citigroup Global Markets Inc. is named as broker, and the listed securities exchange is OTC.

Available on EDGAR 11/10/2026 - 08:34 PM EST Accepted by SEC EDGAR 11/10/2026 - 08:34 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Luckin Coffee Inc. officer Cao Wenbao reported a proposed sale of 150,000 American Depositary Shares, each representing eight Class A ordinary shares, with an aggregate market value of $5,370,005.15. The approximate sale date is November 10, 2026. Cao Wenbao acquired 1,185,701 depositary shares from the issuer through an option exercise for cash on March 4, 2024.

Key Figures

Securities to be sold: 150,000 American Depositary Shares Aggregate market value: $5,370,005.15 Shares or other units outstanding: 269,117,174 units +1 more

4 metrics

Securities to be sold 150,000 American Depositary Shares Proposed sale; approximate date November 10, 2026

Aggregate market value $5,370,005.15 Securities listed for the proposed sale

Shares or other units outstanding 269,117,174 units For the listed class of securities

Deposit­ary shares acquired 1,185,701 depositary shares Option exercise from the issuer on March 4, 2024

Key Terms

American Depositary Shares, Class A ordinary shares, Option exercise

3 terms

American Depositary Shares technical

"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.

Class A ordinary shares technical

"each representing eight Class A ordinary shares"

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

Option exercise financial

"Nature of Acquisition Transaction"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many LKNCY ADSs did Cao Wenbao plan to sell?

Cao Wenbao reported a proposed sale of 150,000 American Depositary Shares, with an aggregate market value of $5,370,005.15. The approximate sale date is November 10, 2026.

How did Cao Wenbao acquire 1,185,701 LKNCY depositary shares?

Cao Wenbao acquired 1,185,701 depositary shares from the issuer through an option exercise on March 4, 2024, and paid cash.

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

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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	0001975383
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Luckin Coffee Inc.
SEC File Number	001-38896
Address of Issuer	28TH FLOOR, BUILDING T3 HAIXI JINGU PLAZA 1-3 TAIBEI ROAD XIAMEN, FUJIAN CHINA 361008
Phone	86 592 338 6666
Name of Person for Whose Account the Securities are To Be Sold	Cao Wenbao
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	Officer

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	Citigroup Global Markets Inc 388 Greenwich Street New York NY 10013	150000	5370005.15	269117174	11/10/2026	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 *
Depositary Shares, each representing eight Class A ordinary shares	03/04/2024	Option exercise	Issuer			1185701	03/04/2024	Cash

* 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	11/10/2026
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	/s/ Wenbao Cao
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)