NCL insider award: 63,740-share grant under 2023 Equity Plan

Rhea-AI Filing Summary

Northann Corp. (NCL) reported an insider equity award. A director acquired 63,740 shares of common stock on 07/29/2025 with transaction code A, reflecting a grant under the company’s 2023 Equity Incentive Plan as compensation.

The reported price was $0 for the award. Following the transaction, the director beneficially owned 63,740 shares, held directly.

Insider Trade Summary

Net Buyer: 63,740 shares

Net Buy 1 txn

Insider Zhang Jing

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	63,740	$0.00	$0.00

Holdings After Transaction: Common Stock — 63,740 shares (Direct)

Footnotes (1)

1. F1. Represents the shares of common stock granted under the Issuer's 2023 Equity Incentive Plan as compensation.

FAQ

What did Northann (NCL) disclose in this Form 4?

A director received an equity grant of 63,740 common shares on 07/29/2025 under the 2023 Equity Incentive Plan.

What was the transaction code and price?

The transaction code was A (award/grant), reported at a price of $0.

How many shares does the reporting person own after the transaction?

The filing shows beneficial ownership of 63,740 shares following the transaction.

Is the ownership direct or indirect?

The ownership form is Direct (D).

Who signed the filing and when?

The filing was signed by /s/ Jing Zhang on 10/15/2025.

What plan governed the share grant?

The grant was made under Northann’s 2023 Equity Incentive Plan as compensation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 10/15/2025 - 05:05 PM Learn about SEC filing dates

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).

1. Name and Address of Reporting Person^*

Zhang Jing

(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)
07/29/2025

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	07/29/2025		A		63,740(1)	A	$0	63,740	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.

	/s/ Jing Zhang	10/15/2025
	** 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.