Hu Nan’s SEC Form 4 filing history shows a one-sided pattern: 76 total transactions, all in a single company, with zero open-market purchases and $37,890.96 in total sales. The recent activity is concentrated in late April 2026, with 25 sell transactions clustered on April 28 alone. Those sales range from small amounts like $46.23 and $60.30 up to $2,010, with mid-sized transactions of $402, $603, and $1,005 appearing repeatedly. A handful of sales also occurred on April 20 and April 27, including values of $1,350 and $1,330.
The ticker is listed as "NA" in the filings, which is unusual and may reflect a data limitation rather than an actual company symbol. Regardless, the pattern is unambiguous: Hu Nan has been a consistent seller, not a buyer, over the observed period. The absence of any "P" codes—the only transaction type that signals conviction buying—combined with the steady drip of "S" sales suggests a deliberate reduction of position rather than routine portfolio maintenance. The small dollar values per transaction, many under $1,000, could indicate either a modest overall stake or a strategy of incremental liquidation.
Notably, there are no "A" grants, "M" option exercises, or "F" tax-withholding events in the recent window, meaning the sales are not tied to compensation vesting or automatic dispositions. Every recent trade is a straightforward open-market sale. With no purchases to offset the selling pressure, the data paints a clear directional picture: Hu Nan has been exiting or trimming a position across multiple trading sessions in late April 2026, with the most intense activity occurring on April 28.
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