[Form 4] Nano Labs Ltd Insider Trading Activity

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Nano Labs Ltd director Hu Nan reported a series of open-market sales of Class A Common Stock on April 20, 2026. Across 18 transactions, Hu Nan sold 4,092 shares at prices between $2.57 and $2.77 per share in secondary market trades.

After these sales, Hu Nan directly owned 53,308 Class A shares. The activity reflects a modest reduction of his direct position rather than a complete exit.

Insider Trade Summary

Net Seller: 4,092 shares ($11,080)

Net Sell 18 txns

Insider Hu Nan

Role null

Sold 4,092 shs ($11K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock, par value $0.002 per share	100	$2.77	$277.00
Sale	Class A Common Stock, par value $0.002 per share	25	$2.77	$69.25
Sale	Class A Common Stock, par value $0.002 per share	100	$2.77	$277.00
Sale	Class A Common Stock, par value $0.002 per share	600	$2.77	$2K
Sale	Class A Common Stock, par value $0.002 per share	100	$2.77	$277.00
Sale	Class A Common Stock, par value $0.002 per share	100	$2.77	$277.00
Sale	Class A Common Stock, par value $0.002 per share	200	$2.77	$554.00
Sale	Class A Common Stock, par value $0.002 per share	100	$2.77	$277.00
Sale	Class A Common Stock, par value $0.002 per share	67	$2.77	$185.59
Sale	Class A Common Stock, par value $0.002 per share	1	$2.72	$2.72
Sale	Class A Common Stock, par value $0.002 per share	499	$2.70	$1K
Sale	Class A Common Stock, par value $0.002 per share	500	$2.70	$1K
Sale	Class A Common Stock, par value $0.002 per share	500	$2.70	$1K
Sale	Class A Common Stock, par value $0.002 per share	500	$2.70	$1K
Sale	Class A Common Stock, par value $0.002 per share	7	$2.63	$18.41
Sale	Class A Common Stock, par value $0.002 per share	1	$2.63	$2.63
Sale	Class A Common Stock, par value $0.002 per share	492	$2.62	$1K
Sale	Class A Common Stock, par value $0.002 per share	200	$2.57	$514.00

Holdings After Transaction: Class A Common Stock, par value $0.002 per share — 53,308 shares (Direct, null)

Footnotes (1)

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

Form 4 Insider Transactions: What Each Field Means →

04/22/2026 - 07:58 AM

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)
04/20/2026

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	04/20/2026		S		100⁽¹⁾	D	$2.77⁽²⁾	53,308	D
Class A Common Stock, par value $0.002 per share	04/20/2026		S		25⁽¹⁾	D	$2.77⁽²⁾	53,283	D
Class A Common Stock, par value $0.002 per share	04/20/2026		S		100⁽¹⁾	D	$2.77⁽²⁾	53,183	D
Class A Common Stock, par value $0.002 per share	04/20/2026		S		600⁽¹⁾	D	$2.77⁽²⁾	52,583	D
Class A Common Stock, par value $0.002 per share	04/20/2026		S		100⁽¹⁾	D	$2.77⁽²⁾	52,483	D
Class A Common Stock, par value $0.002 per share	04/20/2026		S		100⁽¹⁾	D	$2.77⁽²⁾	52,383	D
Class A Common Stock, par value $0.002 per share	04/20/2026		S		200⁽¹⁾	D	$2.77⁽²⁾	52,183	D
Class A Common Stock, par value $0.002 per share	04/20/2026		S		100⁽¹⁾	D	$2.77⁽²⁾	52,083	D
Class A Common Stock, par value $0.002 per share	04/20/2026		S		67⁽¹⁾	D	$2.77⁽²⁾	52,016	D
Class A Common Stock, par value $0.002 per share	04/20/2026		S		1⁽¹⁾	D	$2.72⁽²⁾	52,015	D
Class A Common Stock, par value $0.002 per share	04/20/2026		S		499⁽¹⁾	D	$2.7⁽²⁾	51,516	D
Class A Common Stock, par value $0.002 per share	04/20/2026		S		500⁽¹⁾	D	$2.7⁽²⁾	51,016	D
Class A Common Stock, par value $0.002 per share	04/20/2026		S		500⁽¹⁾	D	$2.7⁽²⁾	50,516	D
Class A Common Stock, par value $0.002 per share	04/20/2026		S		500⁽¹⁾	D	$2.7⁽²⁾	50,016	D
Class A Common Stock, par value $0.002 per share	04/20/2026		S		7⁽¹⁾	D	$2.63⁽²⁾	50,009	D
Class A Common Stock, par value $0.002 per share	04/20/2026		S		1⁽¹⁾	D	$2.63⁽²⁾	50,008	D
Class A Common Stock, par value $0.002 per share	04/20/2026		S		492⁽¹⁾	D	$2.62⁽²⁾	49,516	D
Class A Common Stock, par value $0.002 per share	04/20/2026		S		200⁽¹⁾	D	$2.57⁽²⁾	49,316	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	04/22/2026
	** 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 did Nano Labs (NA) director Hu Nan report in this Form 4?

Director Hu Nan reported selling Class A Common Stock of Nano Labs Ltd in multiple open-market trades on April 20, 2026. In total, he disposed of 4,092 shares through secondary market transactions at various prices between $2.57 and $2.77 per share.

How many Nano Labs (NA) shares did Hu Nan sell and at what prices?

Hu Nan sold 4,092 Nano Labs Class A shares in 18 separate open-market transactions. The reported sale prices ranged from $2.57 to $2.77 per share, reflecting small trade sizes executed at different price levels throughout the same trading day.

What is Hu Nan’s remaining Nano Labs (NA) shareholding after these sales?

Following the reported transactions, Hu Nan directly owned 53,308 shares of Nano Labs Class A Common Stock. This indicates he reduced, but did not exit, his position, retaining a substantial number of shares after the April 20, 2026 open-market sales.

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

The Form 4 describes the trades as sales in the secondary market. The transaction code “S” and the footnotes specify that the reported prices and share counts represent open-market secondary market transactions rather than new share issuances or derivative-related exercises.

How many individual transactions did Hu Nan execute in Nano Labs (NA) shares?

Hu Nan executed 18 individual transactions in Nano Labs Class A Common Stock on April 20, 2026. Each line item shows a specific number of shares sold and a distinct sale price, together adding up to a total of 4,092 shares sold that day.

Does the Form 4 mention any derivative securities for Nano Labs (NA)?

The filing’s derivative section is empty, and the summary shows no derivative transactions or option exercises. All reported activity relates to non-derivative Class A Common Stock, indicating only direct share sales with no associated options or other derivative instruments.