What does each Luckin Coffee (LKNCY) American Depositary Share represent?

Each Luckin Coffee American Depositary Share represents eight Class A Ordinary Shares. This ADS-to-ordinary-share ratio is disclosed in the Form 4 footnote, explaining how the depositary shares correspond economically to the company’s underlying Class A Ordinary Shares for investors holding ADS instead of local shares.

Luckin Coffee CFO sells 200 ADS in open market

Luckin Coffee Inc. Chief Financial Officer An Jing reported an open-market sale of 200 American Depositary Shares at $33.23 each.

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Form Type

Rhea-AI Filing Summary

Luckin Coffee Inc. Chief Financial Officer An Jing reported an open-market sale of 200 American Depositary Shares at $33.23 each. After this transaction, An Jing still directly holds 284,300 American Depositary Shares, indicating the sale was small relative to the overall position.

Insider Trade Summary

Net Seller: 200 shares

Net Sell 1 txn

Insider An Jing

Role Chief Financial Officer

Sold 200 shs ($7K)

Type	Security	Shares	Price	Value
Sale	American Depositary Shares	200	$33.23	$7K

Holdings After Transaction: American Depositary Shares — 284,300 shares (Direct)

Footnotes (1)

F1. Each American Depositary Share ("ADS") represents eight Class A Ordinary Shares.

Key Figures

ADS sold: 200 ADS Sale price: $33.23 per ADS Holdings after sale: 284,300 ADS +1 more

4 metrics

ADS sold 200 ADS Open-market sale on Form 4

Sale price $33.23 per ADS Reported transaction price

Holdings after sale 284,300 ADS Direct ownership following transaction

ADS to ordinary share ratio 1 ADS = 8 Class A Ordinary Shares Footnote disclosure

Key Terms

American Depositary Shares, open-market sale, non-derivative, transaction code "S", +1 more

5 terms

American Depositary Shares financial

"Each American Depositary Share ("ADS") 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.

open-market sale financial

"transaction_action: "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

non-derivative financial

"transaction_type: "non-derivative""

transaction code "S" regulatory

"transaction_code: "S" described as sale in open market or private transaction"

Class A Ordinary Shares financial

"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.

FAQ

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What insider transaction did Luckin Coffee (LKNCY) CFO An Jing report?

Luckin Coffee CFO An Jing reported an open-market sale of 200 American Depositary Shares. The transaction used code “S,” indicating a sale in the open market or private transaction, and was recorded on American Depositary Shares rather than directly on ordinary shares.

At what price did the Luckin Coffee (LKNCY) CFO sell ADS on this Form 4?

The reported sale by Luckin Coffee CFO An Jing was executed at an average price of $33.23 per American Depositary Share. This price applies to the 200 ADS sold in a single non-derivative transaction classified as an open-market or private sale under SEC rules.

How many Luckin Coffee (LKNCY) ADS does the CFO hold after the reported sale?

Following the transaction, CFO An Jing directly holds 284,300 American Depositary Shares of Luckin Coffee. This post-transaction balance, disclosed as “shares following transaction,” shows that the 200 ADS sale is small relative to the remaining direct holdings reported on the Form 4.

Was the Luckin Coffee (LKNCY) Form 4 transaction a derivative exercise?

No, the reported transaction involves non-derivative American Depositary Shares classified as a straight sale. The filing shows no derivative exercises, with zero derivative transactions and no entries in the derivativeSummary, indicating no options or similar instruments were exercised in this particular Form 4.

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Accepted by SEC EDGAR 05/18/2026 - 04:00 PM EDT

SEC Form 4

FORM 4

UNITED 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^*

An Jing

(Last)

(First)

(Middle)

28TH FL, BUILDING T3, HAIXI JINGU PLAZA

1-3 TAIBEI ROAD, SIMING DISTRICT

(Street)

XIAMEN

361008

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

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

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
American Depositary Shares⁽¹⁾	05/14/2026		S		200	D	$33.23	284,300	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

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

	/s/ Jing An	05/18/2026
	** 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 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)

Source: View Original Filing on SEC EDGAR