QuantaSing (QSG) files Form 144 for modest $16k ADR sale

Rhea-AI Filing Summary

QuantaSing Group Limited (QSG) has filed a Form 144 with the SEC, signaling the proposed sale of 1,765 American Depositary Shares (ADRs) on or about 25 June 2025 through Morgan Stanley Smith Barney on Nasdaq. The aggregate market value of the planned sale is US$16,249.47, versus a total of 311,328,381 shares outstanding, implying a dilution of less than 0.001%.

The seller originally acquired the ADRs in April 2018 via a private, cash-settled transaction with the issuer. No other sales have been reported in the past three months. Form 144 requires the filer to affirm that no undisclosed material adverse information exists. Given the modest size of the transaction relative to the company’s float, the filing appears routine and is unlikely to affect market dynamics.

Insights

Securities Analyst

TL;DR: Minor insider transaction—1,765 ADRs worth ≈$16k (<0.001% float); neutral market impact.

The Form 144 indicates an affiliated holder intends to dispose of 1,765 ADRs, acquired privately in 2018. The dollar value is de minimis against QuantaSing’s share count, suggesting no signaling value regarding fundamentals. Absence of recent sales and certification of no undisclosed adverse information reinforce a neutral interpretation. Investors typically monitor Form 144 for large or patterned selling; this filing does not meet those thresholds.

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
ADR	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	1765	16249.47	311328381	06/25/2025	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 *
ADR	04/23/2018	Private Acquisition from Issuer/Affiliate	Issuer			1765	04/23/2018	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 QuantaSing (QSG) file with the SEC?

A Form 144 notice of proposed sale of securities.

How many QSG ADRs are being proposed for sale?

The filing covers 1,765 ADRs.

What is the approximate market value of the shares to be sold?

About US$16,249.47 based on the filing.

When is the planned sale date for the QSG shares?

Approximately 25 June 2025.

How significant is this sale compared to QSG’s total shares outstanding?

It represents less than 0.001% of the 311,328,381 shares outstanding—financially immaterial.