Luckin Coffee director Liu Feng discloses holdings

Luckin Coffee Inc. director Liu Feng filed a Form 3 showing his initial ownership in the company.

Rhea-AI Filing Summary

Luckin Coffee Inc. director Liu Feng filed a Form 3 showing his initial ownership in the company. He reports direct holdings of 86,651 American Depositary Shares (ADSs) and an additional 6,440 ADSs held indirectly through his son. He also holds 9,727 restricted share units, each representing a right to receive one ADS, scheduled to vest on May 31, 2026. Each ADS represents eight Class A ordinary shares, so these positions together reflect a meaningful equity stake tied to both current shares and future vesting awards.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Liu Feng

Role Director

Type	Security	Shares	Price	Value
holding	American Depositary Shares	--	--	--
holding	American Depositary Shares	--	--	--
holding	Restricted Share Units	--	--	--

Holdings After Transaction: American Depositary Shares — 6,440 shares (Indirect, By Son); American Depositary Shares — 86,651 shares (Direct); Restricted Share Units — 9,727 shares (Direct)

Footnotes (2)

1. F1. Each American Depositary Share ("ADS") represents eight Class A Ordinary Shares.
2. F2. Each restricted share unit represents a contingent right to receive one ADS. The restricted share units will vest on May 31, 2026 with no conversion or exercise price.

FAQ

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

What does Liu Feng's Form 3 for LKNCY disclose?

The Form 3 shows director Liu Feng’s initial ownership in Luckin Coffee. He reports direct and indirect ADS holdings plus restricted share units that vest in 2026, outlining his total equity exposure at the time he became a reporting insider.

How many Luckin Coffee ADSs does Liu Feng hold directly?

Liu Feng reports 86,651 American Depositary Shares (ADSs) held directly. This position represents his personal ADS stake in Luckin Coffee, separate from any shares held indirectly through family members or derivative awards like restricted share units.

What indirect Luckin Coffee holdings does Liu Feng report?

He reports 6,440 ADSs held indirectly, with the nature of ownership described as “By Son.” This indicates an additional family-related position associated with Liu Feng, separate from the ADSs he holds directly in his own name.

What restricted share units does Liu Feng hold in Luckin Coffee?

Liu Feng reports 9,727 restricted share units, each representing a contingent right to receive one ADS. These units vest on May 31, 2026 and have no conversion or exercise price, providing future equity if vesting conditions are met.

How are Luckin Coffee ADSs related to Class A ordinary shares?

Each Luckin Coffee American Depositary Share (ADS) represents eight Class A ordinary shares. This means both Liu Feng’s ADS holdings and his restricted share units correspond to a larger underlying number of Class A ordinary shares in the company.

Does Liu Feng's Form 3 show any recent LKNCY share transactions?

The Form 3 does not report specific buy or sell transactions. It is an initial ownership statement summarizing Liu Feng’s direct ADS holdings, indirect ADS holdings through his son, and his unvested restricted share units as of the reporting date.

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

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Accepted by SEC EDGAR 03/18/2026 - 04:06 PM EDT Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Liu Feng

(Last) (First) (Middle)

28TH FL, BUILDING T3, HAIXI JINGU PLAZA

1-3 TAIBEI ROAD, SIMING DISTRICT

(Street)

XIAMEN 361008

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Luckin Coffee Inc. [ LKNCY ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
American Depositary Shares(1)	6,440	I	By Son
American Depositary Shares(1)	86,651	D
Restricted Share Units(2)	9,727	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Each American Depositary Share ("ADS") represents eight Class A Ordinary Shares.

2. Each restricted share unit represents a contingent right to receive one ADS. The restricted share units will vest on May 31, 2026 with no conversion or exercise price.

	/s/ Feng Liu	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)