[Form 4] Northann Corp. Insider Trading Activity

Rhea-AI Filing Summary

Northann Corp. (NCL)11/17/2025, he acquired 6,870 shares of common stock at $0, granted as compensation under the company’s 2023 Equity Incentive Plan. Following this grant, he beneficially owns 31,527 common shares directly. The company previously completed a 1-for-8 reverse stock split on October 7, 2025, which adjusted his holdings from 197,247 shares to 24,657 shares before the subsequent share issuance noted in November 2025.

11/20/2025 - 09:09 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

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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^*

Lalonde Bradley Charles

(Last) (First) (Middle)

2251 CATAWBA RIVER RD

(Street)

FORT LAWN SC 29714

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Northann Corp. [ NCL ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
11/17/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/17/2025		A		6,870(1)	A	$0	31,527(2)	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents the shares of common stock granted under the Issuer's 2023 Equity Incentive Plan as compensation.

2. The Registrant effected a 1:8 reverse stock split on October 7, 2025. As a result, the number of shares owned by the Reporting Person was changed from 197,247 to 24,657, prior to the share issuance on November 11, 2025.

	/s/ Bradley C. Lalonde	11/20/2025
	** 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.

FAQ

What does the latest Form 4 for Northann Corp. (NCL) disclose?

The Form 4 reports that director Bradley C. Lalonde received 6,870 shares of Northann Corp. common stock on 11/17/2025 as an equity grant.

How many Northann (NCL) shares does the reporting person now beneficially own?

After the reported transaction, Bradley C. Lalonde beneficially owns 31,527 shares of Northann Corp. common stock in direct ownership.

What was the nature and price of the Northann (NCL) stock transaction?

The transaction was an acquisition of 6,870 common shares coded as A, with a stated price of $0, reflecting a compensation grant rather than a market purchase.

Under which plan were the new Northann (NCL) shares granted?

The 6,870 shares were granted as compensation under Northann Corp.’s 2023 Equity Incentive Plan.

How did the reverse stock split affect the reporting person’s Northann (NCL) holdings?

Northann effected a 1:8 reverse stock split on October 7, 2025, which changed Bradley C. Lalonde’s holdings from 197,247 shares to 24,657 shares, before the share issuance in November 2025.

What is the relationship of the reporting person to Northann Corp. (NCL)?

The reporting person, Bradley C. Lalonde, is identified as a Director of Northann Corp. on the Form 4.