[144] The9 Limited SEC Filing

Rhea-AI Filing Summary

The9 Limited (NCTY) filing a Form 144 to notify a proposed sale of common stock. The notice lists 4,165 shares to be sold through Fidelity Brokerage Services LLC on 09/10/2025 on NASDAQ with an aggregate market value reported as $45,106.00. The filing shows the 4,165 shares were acquired on multiple dates between 08/07/2017 and 09/15/2021 as stock awards from the issuer and paid as compensation. The filer reports no securities sold during the past three months and includes the standard representation that the seller is not aware of undisclosed material adverse information about the issuer.

Positive

• Planned sale fully disclosed: The filing specifies broker, exchange, date, share count, and aggregate market value.
• Origination documented: All 4,165 shares were acquired as stock awards and paid as compensation between 2017 and 2021.
• No recent sales: The filer reports nothing to report for securities sold in the past three months, indicating no immediate prior dispositions.

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine insider sale notice for a small block of stock awarded as compensation; not material to the cap table.

The Form 144 documents a proposed sale of 4,165 common shares via Fidelity on NASDAQ with an aggregate market value of $45,106.00. All shares were acquired as stock awards between 2017 and 2021 and were paid as compensation. The filer reports no sales in the prior three months and affirms no undisclosed material information. For investors, this reads as a standard compliance notice required for certain officer/director/affiliate dispositions and does not disclose company performance metrics or broader corporate actions.

Corporate Governance Expert

TL;DR: Compliance-focused filing showing planned disposition under Rule 144; procedural rather than material governance signal.

The filing provides the procedural disclosure required when insiders sell restricted or control securities under Rule 144. It details acquisition dates and that the shares originated from issuer stock awards. The absence of recent sales in the prior three months and the standard certification about material nonpublic information suggest the filer is following disclosure and trading-plan requirements. The filing does not indicate any governance changes, leadership departures, or related-party transactions beyond the disclosed awards.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	FIDELITY BROKERAGE SERVICES LLC 245 Summer Street BOSTON MA 02110	4165	45106.00	3675467659	09/10/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	08/07/2017	Stock Award	Issuer			216	08/07/2017	Compensation
Common	09/04/2018	Stock Award	Issuer			800	09/04/2018	Compensation
Common	03/25/2019	Stock Award	Issuer			34	03/25/2019	Compensation
Common	06/17/2020	Stock Award	Issuer			1000	06/17/2020	Compensation
Common	02/15/2021	Stock Award	Issuer			1000	02/15/2021	Compensation
Common	09/15/2021	Stock Award	Issuer			1115	09/15/2021	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What shares does The9 Limited (NCTY) plan to sell under this Form 144?

The filing reports a proposed sale of 4,165 common shares of The9 Limited.

When and where is the sale planned for the NCTY shares?

The sale is planned through Fidelity Brokerage Services LLC on NASDAQ with an approximate sale date of 09/10/2025.

What is the aggregate market value reported for the proposed NCTY sale?

The Form 144 lists an aggregate market value of $45,106.00 for the 4,165 shares.

How were the 4,165 shares acquired by the filer?

All listed shares were acquired as stock awards from the issuer on dates between 08/07/2017 and 09/15/2021 and were paid as compensation.

Has the filer sold other securities of The9 Limited in the past three months?

The filing states Nothing to Report for securities sold during the past three months.