Were Hu Nan’s Nano Labs (NA) share sales open-market transactions?

Yes. The Form 4 identifies the transaction code as “S” and describes each as an open-market sale. Footnotes clarify the reported 893 shares were sold through secondary market transactions at a price of $3.14 per share on April 15, 2026.

Nano Labs Ltd (NA) director logs 893-share open-market sale at $3.14

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Nano Labs Ltd director Hu Nan reported selling shares in the company. On April 15, 2026, Hu Nan completed two open-market sales of Class A Common Stock totaling 893 shares at $3.14 per share in secondary market transactions.

After these sales, Hu Nan directly held 58,941 shares of Nano Labs Ltd Class A Common Stock.

Insider Trade Summary

Net Seller: 893 shares ($2,804)

Net Sell 2 txns

Insider Hu Nan

Role Director

Sold 893 shs ($3K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock, par value $0.002 per share	32	$3.14	$100.48
Sale	Class A Common Stock, par value $0.002 per share	861	$3.14	$3K

Holdings After Transaction: Class A Common Stock, par value $0.002 per share — 59,802 shares (Direct)

Footnotes (1)

Represents numbers of shares sold by secondary market transactions Represents the price of the shares sold by secondary market transactions.

Key Figures

Shares sold (first trade): 32 shares Shares sold (second trade): 861 shares Total shares sold: 893 shares +2 more

5 metrics

Shares sold (first trade) 32 shares Open-market sale of Class A Common Stock on April 15, 2026

Shares sold (second trade) 861 shares Open-market sale of Class A Common Stock on April 15, 2026

Total shares sold 893 shares Aggregate of two open-market sales reported in Form 4

Sale price $3.14 per share Price for both secondary market transactions on April 15, 2026

Shares held after transactions 58,941 shares Direct ownership of Class A Common Stock following sales

Key Terms

open-market sale, secondary market transactions, Class A Common Stock, Form 4

4 terms

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.

secondary market transactions financial

"Represents numbers of shares sold by secondary market transactions"

Class A Common Stock financial

"security_title": "Class A Common Stock, par value $0.002 per share""

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

04/16/2026 - 04:02 PM

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^*

Hu Nan

(Last)

(First)

(Middle)

ROOM 901, NO. 512 HAIYANG WEST ROAD

PUDONG NEW AREA

(Street)

SHANGHAI

200124

(City)

(State)

(Zip)

CHINA

(Country)

2. Issuer Name and Ticker or Trading Symbol
Nano Labs Ltd [ NA ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026

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)
Class A Common Stock, par value $0.002 per share	04/15/2026		S		32⁽¹⁾	D	$3.14⁽²⁾	59,802	D
Class A Common Stock, par value $0.002 per share	04/15/2026		S		861⁽¹⁾	D	$3.14⁽²⁾	58,941	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. Represents numbers of shares sold by secondary market transactions

2. Represents the price of the shares sold by secondary market transactions.

	/s/ NAN HU	04/16/2026
	** 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

FAQ

What insider transactions did Hu Nan report for Nano Labs (NA)?

Hu Nan reported selling 893 shares of Nano Labs Ltd Class A Common Stock. The Form 4 shows two open-market secondary market transactions on April 15, 2026, with sales of 32 shares and 861 shares, both executed at a price of $3.14 per share.

At what price did Hu Nan sell Nano Labs (NA) shares?

Hu Nan sold Nano Labs Ltd Class A Common Stock at $3.14 per share. The Form 4 footnotes explain these were secondary market transactions, with both reported trades on April 15, 2026 executed at the same $3.14 price across 893 total shares sold.

How many Nano Labs (NA) shares does Hu Nan hold after the Form 4 sales?

After the reported sales, Hu Nan directly holds 58,941 shares of Nano Labs Ltd Class A Common Stock. This post-transaction balance appears in the Form 4 for the second listed sale and reflects the remaining direct ownership following the 893 shares sold on April 15, 2026.

Does Hu Nan have any Nano Labs (NA) derivative positions reported in this Form 4?

No derivative positions are listed for Hu Nan in this Form 4. The derivative summary section is empty, and all reported activity involves non-derivative Class A Common Stock, indicating only direct share sales and no options or other derivatives in this particular filing.