Nano Labs (NA) director sells 6,148 shares in open-market trades

Q: What did Nano Labs (NA) director Hu Nan report in this Form 4?

Director Hu Nan reported selling 6,148 shares of Nano Labs Class A Common Stock. The sales occurred in multiple open-market, secondary market transactions at prices between $2.01 and $2.70 per share over April 27–28, 2026.

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

Hu Nan sold 6,148 shares of Nano Labs Class A Common Stock. The Form 4 shows 30 separate open-market trades with sale prices ranging from $2.01 to $2.70 per share during April 27–28, 2026.

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

The Form 4 characterizes the trades as open-market sales . Footnotes further explain they represent secondary market transactions , meaning the shares were sold through the public market rather than newly issued directly by Nano Labs Ltd.

Q: What type of security did Hu Nan sell in Nano Labs (NA)?

All reported transactions involve Class A Common Stock of Nano Labs Ltd with a par value of $0.002 per share . Each entry is classified as a non-derivative security , reflecting direct stock ownership and sale rather than options or other derivatives.

Q: Are Hu Nan’s Nano Labs (NA) sales linked to any derivative exercises?

The filing indicates no derivative transactions . The derivative summary is empty, and the transaction summary shows zero exercises and zero derivative transaction count , meaning the reported sales are solely of existing common shares, not from exercised options.

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Nano Labs Ltd director Hu Nan reported multiple open-market sales of Class A Common Stock. On April 27–28, 2026, Hu Nan sold a total of 6,148 shares in secondary market transactions at prices ranging from $2.01 to $2.70 per share, with all shares held and sold directly.

Insider Trade Summary

Net Seller: 6,148 shares ($13,030)

Net Sell 30 txns

Insider Hu Nan

Role null

Sold 6,148 shs ($13K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock, par value $0.002 per share	46	$2.01	$92.46
Sale	Class A Common Stock, par value $0.002 per share	23	$2.01	$46.23
Sale	Class A Common Stock, par value $0.002 per share	23	$2.01	$46.23
Sale	Class A Common Stock, par value $0.002 per share	46	$2.01	$92.46
Sale	Class A Common Stock, par value $0.002 per share	48	$2.01	$96.48
Sale	Class A Common Stock, par value $0.002 per share	300	$2.01	$603.00
Sale	Class A Common Stock, par value $0.002 per share	100	$2.01	$201.00
Sale	Class A Common Stock, par value $0.002 per share	100	$2.01	$201.00
Sale	Class A Common Stock, par value $0.002 per share	54	$2.01	$108.54
Sale	Class A Common Stock, par value $0.002 per share	200	$2.01	$402.00
Sale	Class A Common Stock, par value $0.002 per share	300	$2.01	$603.00
Sale	Class A Common Stock, par value $0.002 per share	200	$2.01	$402.00
Sale	Class A Common Stock, par value $0.002 per share	300	$2.01	$603.00
Sale	Class A Common Stock, par value $0.002 per share	200	$2.01	$402.00
Sale	Class A Common Stock, par value $0.002 per share	100	$2.01	$201.00
Sale	Class A Common Stock, par value $0.002 per share	100	$2.01	$201.00
Sale	Class A Common Stock, par value $0.002 per share	200	$2.01	$402.00
Sale	Class A Common Stock, par value $0.002 per share	300	$2.01	$603.00
Sale	Class A Common Stock, par value $0.002 per share	30	$2.01	$60.30
Sale	Class A Common Stock, par value $0.002 per share	208	$2.01	$418.08
Sale	Class A Common Stock, par value $0.002 per share	400	$2.01	$804.00
Sale	Class A Common Stock, par value $0.002 per share	70	$2.01	$140.70
Sale	Class A Common Stock, par value $0.002 per share	300	$2.01	$603.00
Sale	Class A Common Stock, par value $0.002 per share	300	$2.01	$603.00
Sale	Class A Common Stock, par value $0.002 per share	100	$2.01	$201.00
Sale	Class A Common Stock, par value $0.002 per share	100	$2.01	$201.00
Sale	Class A Common Stock, par value $0.002 per share	900	$2.01	$2K
Sale	Class A Common Stock, par value $0.002 per share	100	$2.04	$204.00
Sale	Class A Common Stock, par value $0.002 per share	500	$2.66	$1K
Sale	Class A Common Stock, par value $0.002 per share	500	$2.70	$1K

Holdings After Transaction: Class A Common Stock, par value $0.002 per share — 48,270 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.

Key Figures

Shares sold: 6,148 shares Lowest sale price: $2.01 per share Highest sale price: $2.70 per share +2 more

5 metrics

Shares sold 6,148 shares Total open-market sales reported for April 27–28, 2026

Lowest sale price $2.01 per share Price on multiple April 28, 2026 trades

Highest sale price $2.70 per share Price on April 27, 2026 trade

Number of sale transactions 30 transactions Transaction summary net-sell count

Net buy/sell direction net-sell Form 4 transaction summary classification

Key Terms

open-market sale, secondary market transactions, Class A Common Stock, non-derivative security, +1 more

5 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"

Trades of stocks, bonds or other securities that take place between investors after the initial sale, where the issuing company is not the buyer or seller. These transactions create liquidity and reveal market prices—like a public resale market for event tickets—so they matter to investors because they determine how easily an asset can be bought or sold, influence its market value, and signal market sentiment and transaction costs.

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.

non-derivative security financial

"transaction_type": "non-derivative""

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 →

04/30/2026 - 07:00 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)
04/27/2026

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	04/27/2026		S		500⁽¹⁾	D	$2.66⁽²⁾	48,816	D
Class A Common Stock, par value $0.002 per share	04/27/2026		S		500⁽¹⁾	D	$2.7⁽²⁾	48,316	D
Class A Common Stock, par value $0.002 per share	04/28/2026		S		46⁽¹⁾	D	$2.01⁽²⁾	48,270	D
Class A Common Stock, par value $0.002 per share	04/28/2026		S		23⁽¹⁾	D	$2.01⁽²⁾	48,247	D
Class A Common Stock, par value $0.002 per share	04/28/2026		S		23⁽¹⁾	D	$2.01⁽²⁾	48,224	D
Class A Common Stock, par value $0.002 per share	04/28/2026		S		46⁽¹⁾	D	$2.01⁽²⁾	48,178	D
Class A Common Stock, par value $0.002 per share	04/28/2026		S		48⁽¹⁾	D	$2.01⁽²⁾	48,130	D
Class A Common Stock, par value $0.002 per share	04/28/2026		S		300⁽¹⁾	D	$2.01⁽²⁾	47,830	D
Class A Common Stock, par value $0.002 per share	04/28/2026		S		100⁽¹⁾	D	$2.01⁽²⁾	47,730	D
Class A Common Stock, par value $0.002 per share	04/28/2026		S		100⁽¹⁾	D	$2.01⁽²⁾	47,630	D
Class A Common Stock, par value $0.002 per share	04/28/2026		S		54⁽¹⁾	D	$2.01⁽²⁾	47,576	D
Class A Common Stock, par value $0.002 per share	04/28/2026		S		200⁽¹⁾	D	$2.01⁽²⁾	47,376	D
Class A Common Stock, par value $0.002 per share	04/28/2026		S		300⁽¹⁾	D	$2.01⁽²⁾	47,076	D
Class A Common Stock, par value $0.002 per share	04/28/2026		S		200⁽¹⁾	D	$2.01⁽²⁾	46,876	D
Class A Common Stock, par value $0.002 per share	04/28/2026		S		300⁽¹⁾	D	$2.01⁽²⁾	46,576	D
Class A Common Stock, par value $0.002 per share	04/28/2026		S		200⁽¹⁾	D	$2.01⁽²⁾	46,376	D
Class A Common Stock, par value $0.002 per share	04/28/2026		S		100⁽¹⁾	D	$2.01⁽²⁾	46,276	D
Class A Common Stock, par value $0.002 per share	04/28/2026		S		100⁽¹⁾	D	$2.01⁽²⁾	46,176	D
Class A Common Stock, par value $0.002 per share	04/28/2026		S		200⁽¹⁾	D	$2.01⁽²⁾	45,976	D
Class A Common Stock, par value $0.002 per share	04/28/2026		S		300⁽¹⁾	D	$2.01⁽²⁾	45,676	D
Class A Common Stock, par value $0.002 per share	04/28/2026		S		30⁽¹⁾	D	$2.01⁽²⁾	45,646	D
Class A Common Stock, par value $0.002 per share	04/28/2026		S		208⁽¹⁾	D	$2.01⁽²⁾	45,438	D
Class A Common Stock, par value $0.002 per share	04/28/2026		S		400⁽¹⁾	D	$2.01⁽²⁾	45,038	D
Class A Common Stock, par value $0.002 per share	04/28/2026		S		70⁽¹⁾	D	$2.01⁽²⁾	44,968	D
Class A Common Stock, par value $0.002 per share	04/28/2026		S		300⁽¹⁾	D	$2.01⁽²⁾	44,668	D
Class A Common Stock, par value $0.002 per share	04/28/2026		S		300⁽¹⁾	D	$2.01⁽²⁾	44,368	D
Class A Common Stock, par value $0.002 per share	04/28/2026		S		100⁽¹⁾	D	$2.01⁽²⁾	44,268	D
Class A Common Stock, par value $0.002 per share	04/28/2026		S		100⁽¹⁾	D	$2.01⁽²⁾	44,168	D
Class A Common Stock, par value $0.002 per share	04/28/2026		S		900⁽¹⁾	D	$2.01⁽²⁾	43,268	D
Class A Common Stock, par value $0.002 per share	04/28/2026		S		100⁽¹⁾	D	$2.04⁽²⁾	43,168	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	04/30/2026
	** 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 6,148 shares of Nano Labs Class A Common Stock. The sales occurred in multiple open-market, secondary market transactions at prices between $2.01 and $2.70 per share over April 27–28, 2026.

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

Hu Nan sold 6,148 shares of Nano Labs Class A Common Stock. The Form 4 shows 30 separate open-market trades with sale prices ranging from $2.01 to $2.70 per share during April 27–28, 2026.

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

The Form 4 characterizes the trades as open-market sales. Footnotes further explain they represent secondary market transactions, meaning the shares were sold through the public market rather than newly issued directly by Nano Labs Ltd.

What type of security did Hu Nan sell in Nano Labs (NA)?

All reported transactions involve Class A Common Stock of Nano Labs Ltd with a par value of $0.002 per share. Each entry is classified as a non-derivative security, reflecting direct stock ownership and sale rather than options or other derivatives.

Does the Form 4 show Hu Nan buying any Nano Labs (NA) shares?

No purchases are reported in this Form 4. The transaction summary shows 30 sale transactions totaling 6,148 shares sold and a net-sell direction, with no acquisitions, option exercises, gifts, or tax-withholding entries disclosed.

Are Hu Nan’s Nano Labs (NA) sales linked to any derivative exercises?

The filing indicates no derivative transactions. The derivative summary is empty, and the transaction summary shows zero exercises and zero derivative transaction count, meaning the reported sales are solely of existing common shares, not from exercised options.