Nano Labs (NASDAQ: NA) director plans sale of 38,816 ADS

Rhea-AI Filing Summary

Nano Labs Ltd (NA) has a notice of proposed sale of securities filed on behalf of director Hu Nan under Rule 144. The filing covers the potential sale of 38,816 American Depositary Shares (each ADS representing 2 Class A ordinary shares) through TIGER BROKERS (NZ) LIMITED on NASDAQ, with an approximate aggregate market value of $82,289.92. The company reports 20,712,924 ADS outstanding. The ADS being sold were acquired on December 31, 2022 under an employee incentive plan for cash. Hu Nan expects to sell shares between September 1, 2026 and September 11, 2026.

Key Figures

ADS to be sold under Rule 144: 38,816 American Depositary Shares Aggregate market value of ADS to be sold: $82,289.92 ADS outstanding: 20,712,924 American Depositary Shares +3 more

6 metrics

ADS to be sold under Rule 144 38,816 American Depositary Shares Number of ADS covered by the proposed sale notice

Aggregate market value of ADS to be sold $82,289.92 Approximate market value for the 38,816 ADS covered

ADS outstanding 20,712,924 American Depositary Shares Shares outstanding for Nano Labs Ltd as reported

ADS acquired under Employee Incentive Plan 62,391 American Depositary Shares Amount of securities acquired on December 31, 2022

Acquisition date of ADS 12/31/2022 Date Hu Nan acquired 62,391 ADS under the plan

Expected sale period 09/01/2026 to 09/11/2026 Period during which Hu Nan expects to sell shares

Key Terms

Rule 144, American Depositary Shares, Employee Incentive Plan, aggregate market value

4 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

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 financial

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

aggregate market value financial

"38816 | 82289.92 | 20712924 | 09/01/2026"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

FAQ

What is Nano Labs Ltd (NA) disclosing in this Form 144 filing?

The filing discloses a proposed Rule 144 sale by director Hu Nan of up to 38,816 American Depositary Shares of Nano Labs Ltd through TIGER BROKERS (NZ) LIMITED on NASDAQ, based on shares previously acquired under an employee incentive plan.

How many Nano Labs Ltd (NA) shares may be sold under this notice?

The notice covers up to 38,816 American Depositary Shares, each ADS representing 2 Class A ordinary shares. These are part of a larger position of 62,391 ADS acquired on December 31, 2022 under an employee incentive plan.

What is the approximate market value of the Nano Labs Ltd (NA) shares to be sold?

The proposed sale has an approximate aggregate market value of $82,289.92, as stated in the Form 144 Securities Information section for the 38,816 ADS covered by this notice.

When does Hu Nan expect to sell Nano Labs Ltd (NA) shares?

Hu Nan expects to sell shares from September 1, 2026 to September 11, 2026. The form also lists an approximate sale date of September 1, 2026 in the Securities Information section.

How many Nano Labs Ltd (NA) shares are outstanding according to the filing?

The filing reports that there are 20,712,924 American Depositary Shares outstanding. This figure serves as a context baseline and is not the amount being sold.

How and when were the Nano Labs Ltd (NA) shares to be sold acquired?

The 62,391 American Depositary Shares referenced were acquired on December 31, 2022 for cash under an Employee Incentive Plan as an employee of Nano Labs Ltd.

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

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Available on EDGAR 08/28/2026 - 08:45 AM Accepted by SEC EDGAR 08/28/2026 - 07:51 AM Learn about SEC filing dates

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	0001965420
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	Nano Labs Ltd
SEC File Number	001-41426
Address of Issuer	30 FLOOR, DICARA SILVER CENTER NO.29 JIEFANG EAST RD, JIANGGAN DISTRICT HANGZHOU CHINA 310000
Phone	8615968976786
Name of Person for Whose Account the Securities are To Be Sold	Hu Nan
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	Director

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	38816	82289.92	20712924	09/01/2026	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	Hu Nan expects to sell shares from September 1, 2026, to September 11, 2026.
Date of Notice	08/28/2026
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	Dandan Wu as a duly authorized representative of TIGER BROKERS (NZ) LIMITED, as attorney-in-fact for client Hu Nan.
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)