TH International director files initial Form 3

TH International Ltd director Gregory R. Armstrong filed an initial Form 3 reporting his status as an insider of the company.

Rhea-AI Filing Summary

TH International Ltd director Gregory R. Armstrong filed an initial Form 3 reporting his status as an insider of the company. The filing does not list any equity transactions or derivative positions, and the transaction summary shows no shares bought, sold, acquired, or disposed.

Key Terms

Form 3, reportingPersons, beneficial ownership

3 terms

Form 3 regulatory

"INSIDER FILING DATA (Form 3):"

Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.

reportingPersons regulatory

""reportingPersons": [ { "name": "Armstrong Gregory R.","

beneficial ownership financial

"disclaimers of beneficial ownership"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the TH International Ltd (THCH) Form 3 filing show?

The Form 3 shows director Gregory R. Armstrong as a reporting person for TH International Ltd. It is an initial insider ownership report and lists no purchases, sales, gifts, or derivative transactions in the disclosed summary.

Did Gregory R. Armstrong buy or sell THCH shares in this Form 3?

No, the Form 3 transaction summary for Gregory R. Armstrong shows zero buys, sells, acquisitions, or dispositions. All share-related counts, including net buy/sell shares, are reported as 0 in this filing.

What is the significance of a Form 3 for TH International (THCH)?

A Form 3 is an initial insider ownership report for TH International Ltd. It identifies Gregory R. Armstrong as a director and reporting person but, in this case, does not detail any share transactions or derivative holdings.

Does the THCH Form 3 include derivative securities information?

The Form 3 for TH International Ltd shows an empty derivativeSummary and a derivative transaction count of 0. This indicates no reportable options, warrants, or other derivative positions in the data provided.

Are there any gifts or tax-withholding transactions in this THCH Form 3?

No. The transaction summary reports 0 gift transactions and 0 tax-withholding entries for Gregory R. Armstrong. The filing reflects only his status as a director, without any related share movements.

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

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Accepted by SEC EDGAR 04/09/2026 - 08:47 PM EDT Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Armstrong Gregory R.

(Last) (First) (Middle)

C/O CARTESIAN CAPITAL GROUP

15TH FLOOR, 505 FIFTH AVE

(Street)

NEW YORK NEW YORK 10017

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
04/01/2026

3. Issuer Name and Ticker or Trading Symbol
TH International Ltd [ THCH ]

3a. Foreign Trading Symbol

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

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

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

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

No securities are beneficially owned.

	/s/ Armstrong Gregory Robert	04/09/2026
	** 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 5 (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.
* Form 3: SEC 1473 (03-26)