Nano Labs (NA) director trims stake with 3,900-share sale

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Nano Labs Ltd director Hu Nan reported selling shares of Class A Common Stock. On April 16, 2026, Hu Nan executed multiple open-market sales totaling 3,900 shares at prices between $2.98 and $3.08 per share in secondary market transactions. Following these trades, Hu Nan directly owns 55,041 Class A shares.

Insider Trade Summary

Net Seller: 3,900 shares ($11,688)

Net Sell 30 txns

Insider Hu Nan

Role Director

Sold 3,900 shs ($12K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock, par value $0.002 per share	1	$2.98	$2.98
Sale	Class A Common Stock, par value $0.002 per share	1	$2.98	$2.98
Sale	Class A Common Stock, par value $0.002 per share	30	$2.98	$89.40
Sale	Class A Common Stock, par value $0.002 per share	20	$2.98	$59.60
Sale	Class A Common Stock, par value $0.002 per share	948	$2.98	$3K
Sale	Class A Common Stock, par value $0.002 per share	100	$3.00	$300.00
Sale	Class A Common Stock, par value $0.002 per share	30	$3.00	$90.00
Sale	Class A Common Stock, par value $0.002 per share	10	$3.00	$30.00
Sale	Class A Common Stock, par value $0.002 per share	15	$3.00	$45.00
Sale	Class A Common Stock, par value $0.002 per share	1	$3.00	$3.00
Sale	Class A Common Stock, par value $0.002 per share	200	$3.00	$600.00
Sale	Class A Common Stock, par value $0.002 per share	100	$3.00	$300.00
Sale	Class A Common Stock, par value $0.002 per share	100	$3.00	$300.00
Sale	Class A Common Stock, par value $0.002 per share	100	$3.00	$300.00
Sale	Class A Common Stock, par value $0.002 per share	61	$3.00	$183.00
Sale	Class A Common Stock, par value $0.002 per share	100	$3.00	$300.00
Sale	Class A Common Stock, par value $0.002 per share	100	$3.00	$300.00
Sale	Class A Common Stock, par value $0.002 per share	45	$3.00	$135.00
Sale	Class A Common Stock, par value $0.002 per share	47	$3.00	$141.00
Sale	Class A Common Stock, par value $0.002 per share	38	$3.00	$114.00
Sale	Class A Common Stock, par value $0.002 per share	200	$3.00	$600.00
Sale	Class A Common Stock, par value $0.002 per share	49	$3.00	$147.00
Sale	Class A Common Stock, par value $0.002 per share	951	$3.00	$3K
Sale	Class A Common Stock, par value $0.002 per share	100	$3.00	$300.00
Sale	Class A Common Stock, par value $0.002 per share	53	$3.00	$159.00
Sale	Class A Common Stock, par value $0.002 per share	100	$3.00	$300.00
Sale	Class A Common Stock, par value $0.002 per share	100	$3.00	$300.00
Sale	Class A Common Stock, par value $0.002 per share	200	$3.00	$600.00
Sale	Class A Common Stock, par value $0.002 per share	4	$3.00	$12.00
Sale	Class A Common Stock, par value $0.002 per share	96	$3.08	$295.68

Holdings After Transaction: Class A Common Stock, par value $0.002 per share — 58,940 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: 3,900 shares Sale price range: $2.98–$3.08 per share Shares owned after transactions: 55,041 shares +3 more

6 metrics

Shares sold 3,900 shares Aggregate open-market sales on April 16, 2026

Sale price range $2.98–$3.08 per share Prices for Class A Common Stock sales

Shares owned after transactions 55,041 shares Direct ownership following April 16, 2026 sales

Number of sale transactions 30 sales Non-derivative Class A Common Stock entries

Lowest reported sale price $2.98 per share Class A Common Stock sale price

Highest reported sale price $3.08 per share Class A Common Stock sale price

Key Terms

Class A Common Stock, open-market sale, secondary market transactions, Form 4, +1 more

5 terms

Class A Common Stock financial

"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.

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"

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.

non-derivative financial

"transaction_type": "non-derivative""

Form 4 Insider Transactions: What Each Field Means →

04/17/2026 - 04:00 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)
04/16/2026

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	04/16/2026		S		1⁽¹⁾	D	$2.98⁽²⁾	58,940	D
Class A Common Stock, par value $0.002 per share	04/16/2026		S		1⁽¹⁾	D	$2.98⁽²⁾	58,939	D
Class A Common Stock, par value $0.002 per share	04/16/2026		S		30⁽¹⁾	D	$2.98⁽²⁾	58,909	D
Class A Common Stock, par value $0.002 per share	04/16/2026		S		20⁽¹⁾	D	$2.98⁽²⁾	58,889	D
Class A Common Stock, par value $0.002 per share	04/16/2026		S		948⁽¹⁾	D	$2.98⁽²⁾	57,941	D
Class A Common Stock, par value $0.002 per share	04/16/2026		S		100⁽¹⁾	D	$3⁽²⁾	57,841	D
Class A Common Stock, par value $0.002 per share	04/16/2026		S		30⁽¹⁾	D	$3⁽²⁾	57,811	D
Class A Common Stock, par value $0.002 per share	04/16/2026		S		10⁽¹⁾	D	$3⁽²⁾	57,801	D
Class A Common Stock, par value $0.002 per share	04/16/2026		S		15⁽¹⁾	D	$3⁽²⁾	57,786	D
Class A Common Stock, par value $0.002 per share	04/16/2026		S		1⁽¹⁾	D	$3⁽²⁾	57,785	D
Class A Common Stock, par value $0.002 per share	04/16/2026		S		200⁽¹⁾	D	$3⁽²⁾	57,585	D
Class A Common Stock, par value $0.002 per share	04/16/2026		S		100⁽¹⁾	D	$3⁽²⁾	57,485	D
Class A Common Stock, par value $0.002 per share	04/16/2026		S		100⁽¹⁾	D	$3⁽²⁾	57,385	D
Class A Common Stock, par value $0.002 per share	04/16/2026		S		100⁽¹⁾	D	$3⁽²⁾	57,285	D
Class A Common Stock, par value $0.002 per share	04/16/2026		S		61⁽¹⁾	D	$3⁽²⁾	57,224	D
Class A Common Stock, par value $0.002 per share	04/16/2026		S		100⁽¹⁾	D	$3⁽²⁾	57,124	D
Class A Common Stock, par value $0.002 per share	04/16/2026		S		100⁽¹⁾	D	$3⁽²⁾	57,024	D
Class A Common Stock, par value $0.002 per share	04/16/2026		S		45⁽¹⁾	D	$3⁽²⁾	56,979	D
Class A Common Stock, par value $0.002 per share	04/16/2026		S		47⁽¹⁾	D	$3⁽²⁾	56,832	D
Class A Common Stock, par value $0.002 per share	04/16/2026		S		38⁽¹⁾	D	$3⁽²⁾	56,894	D
Class A Common Stock, par value $0.002 per share	04/16/2026		S		200⁽¹⁾	D	$3⁽²⁾	56,694	D
Class A Common Stock, par value $0.002 per share	04/16/2026		S		49⁽¹⁾	D	$3⁽²⁾	56,645	D
Class A Common Stock, par value $0.002 per share	04/16/2026		S		951⁽¹⁾	D	$3⁽²⁾	55,694	D
Class A Common Stock, par value $0.002 per share	04/16/2026		S		100⁽¹⁾	D	$3⁽²⁾	55,594	D
Class A Common Stock, par value $0.002 per share	04/16/2026		S		53⁽¹⁾	D	$3⁽²⁾	55,541	D
Class A Common Stock, par value $0.002 per share	04/16/2026		S		100⁽¹⁾	D	$3⁽²⁾	55,441	D
Class A Common Stock, par value $0.002 per share	04/16/2026		S		100⁽¹⁾	D	$3⁽²⁾	55,341	D
Class A Common Stock, par value $0.002 per share	04/16/2026		S		200⁽¹⁾	D	$3⁽²⁾	55,141	D
Class A Common Stock, par value $0.002 per share	04/16/2026		S		4⁽¹⁾	D	$3⁽²⁾	55,137	D
Class A Common Stock, par value $0.002 per share	04/16/2026		S		96⁽¹⁾	D	$3.08⁽²⁾	55,041	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	04/17/2026
	** 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 transaction did Nano Labs (NA) disclose for Hu Nan?

Nano Labs disclosed that director Hu Nan sold 3,900 Class A Common Stock shares in multiple open-market secondary market transactions on April 16, 2026, at prices around $3, and now directly holds 55,041 shares after these trades.

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

Hu Nan’s reported open-market sales of Nano Labs Class A shares occurred at prices between $2.98 and $3.08 per share. These trades were described as secondary market transactions and were all executed on April 16, 2026, according to the Form 4 data.

How many Nano Labs (NA) shares does Hu Nan own after the sale?

After the reported transactions, Hu Nan directly owns 55,041 shares of Nano Labs Class A Common Stock. This figure reflects the position remaining following the aggregate sale of 3,900 shares disclosed for April 16, 2026, in the Form 4 filing.

How many separate transactions did Hu Nan execute in Nano Labs (NA) stock?

The Form 4 shows 30 separate non-derivative sale transactions in Nano Labs Class A Common Stock. All were coded as open-market or private sales, executed on April 16, 2026, and together they total 3,900 shares sold by Hu Nan.

Were Hu Nan’s Nano Labs (NA) transactions option exercises or common stock sales?

All reported transactions for Hu Nan involved non-derivative Class A Common Stock, not options or other derivatives. Each entry is coded as an open-market sale, and the derivativeSummary section shows no remaining derivative positions in this particular filing.