Full Truck Alliance files Form 144 for ADS sale

Full Truck Alliance Co. Ltd. submitted a Form 144 notice describing proposed sales of American Depositary Shares (ADSs).

Rhea-AI Filing Summary

Full Truck Alliance Co. Ltd. submitted a Form 144 notice describing proposed sales of American Depositary Shares (ADSs). The filing lists an ADS lot of 148,000 and references one ADS represents 20 Class A ordinary shares. The document names Morgan Stanley & Co. International plc and an 05/22/2026 date.

Insights

Compliance & Capital Markets Analyst

Routine Rule 144 resale notice listing ADSs and intermediary details.

The filing records a Rule 144 notice for American Depositary Shares, specifying that one ADS equals 20 Class A ordinary shares and showing a line-item of 148,000. It names Morgan Stanley & Co. International plc as a securities intermediary and includes the date 05/22/2026.

The excerpt provides transaction-format details rather than proceeds or timing of sale. Cash-flow treatment and exact seller identity are not detailed in the provided excerpt; subsequent filings or broker disclosures would show execution specifics.

Key Figures

ADS quantity listed: 148,000 ADS conversion ratio: 1 ADS = 20 Class A ordinary shares Date shown: 05/22/2026 +3 more

6 metrics

ADS quantity listed 148,000 Securities to be sold (listed in excerpt)

ADS conversion ratio 1 ADS = 20 Class A ordinary shares Conversion ratio stated in securities description

Date shown 05/22/2026 Date appearing in the securities block

Listed monetary figure 1,305,360.00 Numeric value present in the excerpt (labeling not explicit)

Large numeric string 1,039,460,817 Numeric value present in the excerpt (labeling not explicit)

Additional share count shown 529,676,874 Figure shown alongside class and date lines in the excerpt

Key Terms

American Depositary Shares, ADS conversion ratio, Form 144

3 terms

American Depositary Shares financial

"Class A ordinary shares (one ADS represents 20 Class A ordinary shares"

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

ADS conversion ratio financial

"one ADS represents 20 Class A ordinary shares"

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.

FAQ

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

What security does the Form 144 cover for YMM?

The filing covers American Depositary Shares (ADSs), where one ADS represents 20 Class A ordinary shares. This is the security structure shown in the excerpt.

How many ADSs are listed in the filing?

The excerpt lists a quantity of 148,000 in association with the securities to be sold. The filing text presents this number plainly in the securities section.

Who is named as the broker or intermediary in the Form 144?

Morgan Stanley & Co. International plc is named with an address entry in the filing excerpt and appears as the intermediary associated with the ADS transaction details.

Does the filing state how sale proceeds will be used?

The provided excerpt does not include a use-of-proceeds statement. The entry shows a payment method label of Cash but no recipient or allocation details are included in the excerpt.

Is there an as-of date in the Form 144 excerpt?

Yes. The document includes the date 05/22/2026 in the securities block, which appears tied to the filing or notice date shown in the excerpt.

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

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Accepted by SEC EDGAR 05/21/2026 - 09:51 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	0001633603
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Full Truck Alliance Co. Ltd.
SEC File Number	001-40507
Address of Issuer	Wanbo Science and Technology Park 20 FENGXIN ROAD, YUHUATAI DISTRICT NANJING CHINA 210012
Phone	86-025-66920156
Name of Person for Whose Account the Securities are To Be Sold	All-Stars Investment Ltd
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	Affiliate

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 DepositaryShares	Morgan Stanley &Co. International plc 25 Cabot Square Canary Wharf LONDON X0 X0 E144QA	148000	1305360.00	1039460817	05/22/2026	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 *
Class A ordinary shares (one ADS represents 20 Class A ordinary shares	12/27/2017	Direct investment	Full Truck Alliance Co. Ltd.			529676874	12/27/2017	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	05/22/2026
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	Weidong Ji
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)