Summary by Futu AI
Luckin Coffee Inc. officer Wu Gang is set to sell 100,000 American Depositary Shares (ADS), each representing eight Class A ordinary shares, with an aggregate market value of $2,420,000 on 02/27/2024. The shares were acquired under the company's Share Incentive Plan, with two separate acquisitions on 12/31/2021 and 12/31/2022, totaling 100,000 ADS. The transactions were cashless, as part of the incentive plan for employees. There have been no sales of securities reported in the past three months prior to this notice.