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Luckin Coffee (LKNCY) SVP disposes 150,000 ADS, retains trust stake

(Very High)
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

Luckin Coffee Inc. senior vice president and director Cao Wenbao reported selling a total of 150,000 American Depositary Shares (ADS) on 2026-08-04 in transactions coded as sales in open market or private transactions, at prices of $37.10 and $37.00 per ADS. Each ADS represents eight Class A ordinary shares, and a related trust is reported as indirectly holding 1,185,701 ADS after these trades.

Positive

  • None.

Negative

  • None.
Insider Cao Wenbao
Role Senior Vice President
Sold 150,000 shs ($5.56M)
Type Security Shares Price Value
Sale American Depositary Shares F1 27,982 $37.10 $1.04M
Sale American Depositary Shares F1 62,500 $37.10 $2.32M
Sale American Depositary Shares F1 59,518 $37.00 $2.20M
holding American Depositary Shares F1 -- -- --
Holdings After Transaction: American Depositary Shares — 190,482 shares (Direct); American Depositary Shares — 1,185,701 shares (Indirect, By Trust)
Footnotes (1)
  1. F1. Each American Depositary Share ("ADS") represents eight Class A Ordinary Shares.
ADS Sold 150,000 ADS Total American Depositary Shares sold on 2026-08-04
Sale Price Tranche 1 $37.10 per ADS Reported price for 27,982 ADS and 62,500 ADS sale tranches
Sale Price Tranche 2 $37.00 per ADS Reported price for 59,518 ADS sale tranche on 2026-08-04
Indirect Trust Holdings 1,185,701 ADS American Depositary Shares indirectly owned "By Trust" after transactions
ADS to Ordinary Share Ratio 1 ADS = 8 Class A Ordinary Shares Economic relationship between ADS and underlying Luckin Coffee shares
American Depositary Shares financial
"Each American Depositary Share represents 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 financial
"Each American Depositary Share represents 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.
indirect ownership financial
"Indirect ownership is reported as 1,185,701 ADS held "By Trust"."

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

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FAQ

What insider share sale did Cao Wenbao report for LKNCY?

Cao Wenbao reported selling a total of 150,000 American Depositary Shares (ADS) of Luckin Coffee Inc. These transactions were reported on 2026-08-04 and are coded as sales in open market or private transactions under SEC rules.

At what prices did Cao Wenbao sell Luckin Coffee (LKNCY) ADS?

The reported sales of Luckin Coffee ADS were executed at $37.10 and $37.00 per ADS. Multiple tranches on 2026-08-04 together accounted for the total of 150,000 ADS sold at these disclosed prices.

What does each Luckin Coffee (LKNCY) ADS represent in underlying shares?

Each Luckin Coffee American Depositary Share (ADS) represents eight Class A ordinary shares. This ratio means ADS figures correspond to a larger number of underlying Class A ordinary shares, as disclosed in the footnote to the insider report.

What role does Cao Wenbao hold at Luckin Coffee (LKNCY) in this insider report?

In this insider report, Cao Wenbao is identified as both a director and an officer of Luckin Coffee Inc., serving with the title Senior Vice President. These positions classify him as a reporting insider under SEC regulations.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Cao Wenbao

(Last)(First)(Middle)
28TH FL, BUILDING T3, HAIXI JINGU PLAZA
1-3 TAIBEI ROAD, SIMING DISTRICT

(Street)
XIAMEN361008

(City)(State)(Zip)

CHINA

(Country)
2. Issuer Name and Ticker or Trading Symbol
Luckin Coffee Inc. [ LKNCY ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Senior Vice President
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/04/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
American Depositary Shares(1)08/04/2026S27,982D$37.1312,500D
American Depositary Shares(1)08/04/2026S62,500D$37.1250,000D
American Depositary Shares(1)08/04/2026S59,518D$37190,482D
American Depositary Shares(1)1,185,701IBy Trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Each American Depositary Share ("ADS") represents eight Class A Ordinary Shares.
/s/ Wenbao Cao08/06/2026
** Signature of Reporting PersonDate
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 4 (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 4: SEC 1474 (03-26)