Summary by Moomoo AI
Luckin Coffee Inc.'s Senior Vice President, Jiang Shan, is set to sell 80,000 American Depositary Shares (ADS), each representing eight Class A ordinary shares, with an aggregate market value of approximately $1.936 million. The planned sale date is 02/28/2024. These shares were originally acquired on 12/31/2021 under the company's Share Incentive Plan, indicating they were part of an employee compensation package. The acquisition was a cashless transaction, a common practice for employee incentive plans. There have been no reported sales of securities by Jiang Shan in the past three months.