Canaan Inc. Chief Financial Officer Cheng Jin reported an open-market purchase of 65,000 American Depositary Shares at $0.35 per share on June 15, 2026. Following this transaction, his direct holdings total 1,080,008 ADS. Each ADS is convertible into 15 Class A ordinary shares with no expiration date.
Insider Cheng Jin
Role Chief Financial Officer
Bought 65,000 shs ($23K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | American Depositary Shares | 65,000 | $0.35 | $23K |
Holdings After Transaction: American Depositary Shares — 1,080,008 shares (Direct, null)
ADS purchased 65,000 ADS Open-market purchase on June 15, 2026
Purchase price $0.35 per ADS Price paid in the reported transaction
Holdings after transaction 1,080,008 ADS Direct ownership following the purchase
ADS conversion ratio 15 Class A shares per ADS Each ADS convertible into 15 Class A ordinary shares
open-market purchase financial
“transaction_action: open-market purchase”
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
Chief Financial Officer financial
“officer_title: Chief Financial Officer”
A Chief Financial Officer (CFO) is the person in charge of a company’s money and financial planning. They decide how to spend, save, and invest funds to help the company grow and stay stable. Their role is important because good financial decisions keep the company healthy and successful.
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SEC Form 4
| FORM 4 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street) (Country) |
2. Issuer Name and Ticker or Trading Symbol Canaan Inc. [ CAN ] |
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
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| 2a. Foreign Trading Symbol |
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| 3. Date of Earliest Transaction (Month/Day/Year) 06/15/2026 |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| 4. If Amendment, Date of Original Filed (Month/Day/Year) |
| Table I – Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Table II – Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| American Depositary Shares | 06/15/2026 | P | 65,000 | Class A ordinary shares | 975,000 | $0.35 | 1,080,008 | D | |||||||
| Explanation of Responses: |
| /s/ Jin Cheng | 06/17/2026 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||
| * Form 4: SEC 1474 (03-26) | ||
FAQ
What insider transaction did Canaan Inc. (CAN) report for Cheng Jin?
Canaan Inc. reported that Chief Financial Officer Cheng Jin bought 65,000 American Depositary Shares in an open-market purchase at $0.35 per share. This transaction increased his direct holdings to 1,080,008 ADS in the company.
At what price did Canaan Inc. (CAN) CFO buy the 65,000 ADS?
The CFO purchased 65,000 American Depositary Shares at $0.35 per share. This price reflects what he paid in the open market on June 15, 2026, as disclosed in the insider trading report.
How many Canaan Inc. (CAN) ADS does the CFO own after this transaction?
After the reported purchase, the Canaan Inc. CFO directly owns 1,080,008 American Depositary Shares. This figure includes the newly acquired 65,000 ADS from the June 15, 2026 open-market transaction reported on Form 4.
Was the Canaan Inc. (CAN) CFO transaction an open-market purchase or another type?
The transaction was an open-market purchase of American Depositary Shares by the CFO. The Form 4 describes it with transaction code P, indicating a purchase in open market or private transaction, and labels the direction as a buy.
