Summary by Moomoo AI
Luckin Coffee Inc.'s Senior Vice President, Zhou Weiming, is set to sell 100,000 American Depositary Shares (ADS), each representing eight Class A ordinary shares, on 02/16/2024. The shares, valued at an aggregate market value of $2,308,000, were originally acquired on 12/31/2022 under the company's Share Incentive Plan. The acquisition was a cashless transaction, indicating that the shares were likely granted as part of Zhou's compensation package. This planned sale follows a previous transaction in the past three months where Zhou sold 50,000 ADS for a total gross proceed of $1,671,250.