TURB (NASDAQ: TURB) files Form 144 listing ADS quantities and sale intent

Rhea-AI Filing Summary

TURB filed a Form 144 reporting a proposed sale of American Depository Shares (ADS).

The filing lists that one ADS represents 5 ordinary shares and includes quantities and dates shown on the notice, including entries of 1,250,000, 1,350,000.00, and a figure of 55,085,700 with an associated date of 05/27/2026. The excerpt also lists 50,000,000 under a "Securities To Be Sold" line and references cash as the consideration.

Insights

Securities Compliance Counsel

Routine Form 144 notice of proposed ADS sale; filings list multiple numeric entries.

The excerpt shows a notice to sell American Depository Shares and explicitly states that one ADS represents 5 ordinary shares. The filing includes several numeric entries such as 1,250,000, 1,350,000.00, and 55,085,700 dated 05/27/2026.

Timing and placement of sales, and whether the company or selling holder receives proceeds, are not fully specified in the excerpt; subsequent filings or broker confirmations may clarify the exact disposition and cash‑flow treatment.

Key Figures

ADS conversion ratio: 1 ADS = 5 ordinary shares Listed quantity: 1,250,000 Listed quantity: 1,350,000.00 +2 more

5 metrics

ADS conversion ratio 1 ADS = 5 ordinary shares stated conversion in the filing excerpt

Listed quantity 1,250,000 numeric entry shown on the notice

Listed quantity 1,350,000.00 numeric entry shown on the notice

Securities to be sold (line item) 50,000,000 "Securities To Be Sold" line in the excerpt

Listed aggregate figure 55,085,700 numeric entry associated with <date>05/27/2026</date>

Key Terms

American Depository Shares (ADS), Form 144, Owned Shares

3 terms

American Depository Shares (ADS) financial

"American Depository Shares (ADS, One ADS represents 5 ordinary shares)"

American Depository Shares (ADS) are U.S.-listed securities issued by a bank that represent ownership of a specified number of shares in a foreign company, letting investors buy and sell that company in U.S. dollars on U.S. exchanges. They matter because they make it easier to invest in foreign firms—like buying a locally labeled product instead of importing it—affecting liquidity, dividend payments, regulatory disclosure and exposure to currency swings.

Form 144 regulatory

"Filer Information | | | 144: Filer Information"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Owned Shares financial

"American Depository Shares | 12/01/2022 | Owned Shares | Issuer"

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Available on EDGAR 05/27/2026 - 05:53 PM Accepted by SEC EDGAR 05/27/2026 - 05:53 PM Learn about SEC filing dates

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
American Depository Shares (ADS, One ADS represents 5 ordinary shares)	Stifel Nicolaus & Company Inc 501 N Broadway St. Louis MO 63102	1250000	1350000.00	55085700	05/27/2026	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 *
American Depository Shares	12/01/2022	Owned Shares	Issuer			50000000	12/01/2022	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 does TURB's Form 144 report?

It reports a proposed sale of American Depository Shares (ADS). The filing states one ADS = 5 ordinary shares and lists numeric entries including 1,250,000 and 50,000,000 on the notice.

How many ADS are shown in TURB's excerpt?

The excerpt shows several quantities including 1,250,000 and 1,350,000.00. It also lists 50,000,000 under a "Securities To Be Sold" line and 55,085,700 with date 05/27/2026.

Does the Form 144 state the sale proceeds go to the issuer (TURB)?

The excerpt contains a reference to Cash as consideration but does not explicitly state who receives proceeds. The filing text in the excerpt does not assign proceeds to the issuer or selling holders.

What does "one ADS represents 5 ordinary shares" mean for TURB?

It means each American Depository Share (ADS) corresponds to 5 ordinary shares of the underlying stock. The filing uses that conversion ratio when reporting ADS quantities and related disclosures.

Is the Form 144 a completed sale or a notice of intention to sell for TURB?

Form 144 is a notice of intention to sell restricted or control securities; the excerpt shows a notice of proposed sale of ADS rather than confirmation of completed exchange trades.