[144] Noah Holdings Limited American SEC Filing

Rhea-AI Filing Summary

Noah Holdings Limited (NYSE: NOAH) has filed a Form 144 indicating the proposed sale of 100,000 American Depositary Shares (ADSs), with each ADS representing five ordinary shares. The filing, submitted as a LIVE document, serves as advance notice under Rule 144 of the Securities Act that the unnamed shareholder intends to dispose of the shares on or about 23 June 2025.

The shares to be sold have an aggregate market value of US $1.241 million, based on the market price at the time of filing. Relative to the total shares outstanding (65.16 million ADS-equivalent units), the proposed sale represents roughly 0.15 % of shares outstanding, a level generally considered immaterial in terms of dilution or market overhang.

The securities were originally acquired on 14 October 2010, prior to Noah’s initial public offering, for cash consideration. The filer reports no other sales in the past three months, and the filing affirms that the seller possesses no undisclosed material adverse information. The proposed broker is Ark Group Holdings (Hong Kong) Limited, and the transaction will be executed on the NYSE.

Because the filing lacks the seller’s identity and relationship to the issuer, investors cannot directly determine whether the seller is an insider or a large strategic holder. Nevertheless, the limited size of the trade and the routine nature of Form 144 notices suggest the event is unlikely to have a material impact on NOAH’s share price or corporate fundamentals.

Positive

• None.

Negative

• Proposed share sale under Rule 144 introduces a small amount of additional supply (0.15 % of O/S), though impact is likely minimal.

Insights

Financial Analyst

TL;DR: Minor Form 144 for 0.15 % of float; unlikely to move the needle for NOAH.

The filing discloses a planned sale of 100 k ADSs (~US$1.24 m) versus 65 m shares outstanding. With no indication of executive involvement and no prior 3-month sales, this looks like routine portfolio rebalancing by a legacy pre-IPO holder. Liquidity on NYSE should comfortably absorb such volume. Lack of material metrics, strategic shifts, or adverse commentary keeps the impact neutral. Investors may note marginal supply increase but should focus on fundamental catalysts such as quarterly results and regulatory developments in China’s wealth-management sector.

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
ADSs, every one ADS representing five ordinary shares	Ark Group Holdings (Hong Kong) Limited 34/F Tower Two Times Square 1 Matheson Street Causeway Bay K3 000000	100000	1241000.00	65155629	06/23/2025	NYSE

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 *
Ordinary Shares	10/14/2010	Acquired before the initial public offering	Noah Holdings Limited			2200000	10/14/2010	cash

* 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 did Noah Holdings Limited (NOAH) file with the SEC?

Noah filed a Form 144 notifying the SEC of a proposed sale of 100,000 ADSs under Rule 144.

How many NOAH shares are being sold and what is their value?

The filing covers 100,000 ADSs valued at approximately US $1.241 million.

When is the NOAH share sale expected to occur?

The sale is expected to take place on or about 23 June 2025.

What percentage of Noah Holdings’ outstanding shares does the sale represent?

The 100,000 ADSs equal roughly 0.15 % of the 65.16 million shares outstanding.

Does the Form 144 indicate who is selling the NOAH shares?

No; the seller’s name and relationship to the issuer are not disclosed in the filing.

Were any NOAH shares sold in the last three months by this holder?

No; the filing states “Nothing to Report” for sales during the past three months.