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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 Sun Bin filed notice of proposed sale June 11, 2025

50,000 shares · $201,000 · via TIGER BROKERS (SINGAPORE) PTE. LTD. · Officer

Notable Li Dahai filed notice of proposed sale November 08, 2024

1,106,198 shares · $1,401,291 · via Deutsche Bank AG, Hong Kong Branch · Director

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