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Red Flags

Filings a company makes when something has gone wrong, or is about to: a missed reporting deadline (NT 10-K/Q), a delisting from its exchange (Form 25), a deregistration that ends SEC reporting altogether (Form 15), or an insider's notice of intent to sell restricted stock (Form 144). Any one can be routine — Form 144s are filed constantly, and a late filing is sometimes just a late filing — so what is worth reading here is the pattern and the timing.

Insider sale notices · 2
Notable Hui Nick Zhao filed notice of proposed sale December 12, 2025

403,325 shares · $1,254,341 · via Futu Securities International (Hong Kong) Limited · Officer

Notable Min Yu filed notice of proposed sale May 30, 2023

965,592 shares · $2,133,958 · via Tiger Brokers (NZ) Limited · Director

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