Summary by Futu AI
Canaan Inc. officer Yap Christopher is set to sell 49,020 American Depositary Shares (ADS), each representing fifteen Class A ordinary shares of Canaan, on June 1, 2024. The shares, valued at an aggregate market value of $49,510.20, were acquired through Share Incentive Plans from Canaan Inc. on the same date as the planned sale. The transaction will be conducted on a cashless basis. This announcement follows the notice dated May 30, 2024, with the plan for this transaction having been adopted on December 12, 2023. No other securities were sold by Yap Christopher in the past three months prior to this notice.