TIGER BROKERS (NZ) files Form 144 to sell Nano Labs ADS (NASDAQ: NA)

Rhea-AI Filing Summary

TIGER BROKERS (NZ) LIMITED submitted a Form 144 notice to sell American Depositary Shares (each representing 2 Class A ordinary shares) of Nano Labs Ltd on 04/14/2026. The shares were acquired on 12/31/2022 under an Employee Incentive Plan and the planned sale method is cash; trading venue listed is NASDAQ.

Insights

Securities Compliance Analyst

Form 144 filed to notify an intended sale of ADS acquired through an employee plan.

The filing lists American Depositary Shares (ADS) representing two Class A ordinary shares, acquired under an employee incentive plan on 12/31/2022. The broker/filer is shown as TIGER BROKERS (NZ) LIMITED and the issuer named is Nano Labs Ltd.

Rule 144 notices are procedural: actual sale timing and execution details are not present in the excerpt, so cash proceeds recipients and sale magnitude beyond the listed numeric fields require later filings or trade reports for confirmation.

Equity Markets Specialist

Notice indicates an employee‑plan holding moving toward resale as ADS on NASDAQ.

The ADS are listed for sale on NASDAQ; the excerpt records acquisition date and sale method as cash. The presence of a broker address suggests an intermediation route but does not confirm execution or volume traded.

Subsequent transaction reports or a Form 4/Form 5 would confirm whether sales occurred and the realized proceeds.

Key Figures

Filing date: 04/14/2026 ADS ratio: 1 ADS = 2 Class A ordinary shares Acquisition date: 12/31/2022 +3 more

6 metrics

Filing date 04/14/2026 Form 144 submission date shown in excerpt

ADS ratio 1 ADS = 2 Class A ordinary shares American Depositary Shares ratio stated in excerpt

Acquisition date 12/31/2022 Securities acquired under Employee Incentive Plan

Broker numeric field 62,391 Numeric entry visible in the excerpt (label not explicit)

Amount field 191,540.37 Numeric entry visible in the excerpt (label not explicit)

Large numeric field 20,712,924 Numeric entry visible in the excerpt (label not explicit)

Key Terms

American Depositary Shares, Employee Incentive Plan, Form 144

3 terms

American Depositary Shares financial

"American Depositary Shares ( each representing 2 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.

Employee Incentive Plan regulatory

"Acquired under Employee Incentive Plan as employee of the Securities Issuer."

Form 144 regulatory

"CONTENT METADATA: form_type: 144"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

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 2 class A Ordinary Shares)	TIGER BROKERS (NZ) LIMITED Level 27/ 151 Queen Street, Auckland CBD Auckland Q2 1010	62391	191540.37	20712924	04/14/2026	NASDAQ

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 2 class A Ordinary Shares)	12/31/2022	Acquired under Employee Incentive Plan as employee of the Securities Issuer.	Nano Labs Ltd			62391	12/31/2022	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

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 TIGER BROKERS (NZ) LIMITED's Form 144 for Nano Labs Ltd mean?

It notifies the SEC of an intended public sale of ADS acquired under an employee incentive plan on 12/31/2022. The filing lists the sale method as cash and the trading venue as NASDAQ, but does not confirm execution.

How many ADS or shares are referenced in the Form 144 excerpt?

The excerpt includes numeric entries such as 62391 and amounts like 191540.37 and 20712924. The document fragment does not explicitly label which of these is the exact ADS count to be sold.

When were the securities being offered acquired according to the filing?

The securities were acquired on 12/31/2022 under an Employee Incentive Plan while the Form 144 filing date is 04/14/2026, as shown in the excerpt.

Which entity is the issuer and which is the filer in the excerpt?

The issuer named is Nano Labs Ltd. The filer/broker listed is TIGER BROKERS (NZ) LIMITED with an Auckland address; the filing lists NASDAQ as the trading venue.