This is a de minimis insider intent-to-sell filing by a venture-stage affiliate, not a management insider. The proposed amount is immaterial relative to market cap and the affiliate's total position. No trading action warranted; monitor for actual execution on Form 4, but even then the impact is negligible.
Price Chart
Executive Summary
All-Stars Investment Ltd, an affiliate of Full Truck Alliance, filed a Form 144 on May 21, 2026, indicating intent to sell 148,000 American Depositary Shares (ADS) valued at approximately $1.31 million. The proposed sale is small relative to the company's $8.8B market cap and the affiliate's disclosed holdings of ~530M shares, representing a negligible 0.03% of shares outstanding. The filing is routine portfolio management by a venture-stage investor and carries no material signal about the company's operational outlook.
Key Facts
- All-Stars Investment Ltd filed Form 144 to sell 148,000 ADS of Full Truck Alliance (YMM).
- Proposed sale value is approximately $1.31 million based on the filing's estimated price.
- The selling entity is an affiliate (venture investor), not an executive or director.
- The proposed shares represent ~0.03% of total shares outstanding (~530M shares held by the affiliate).
- Sale is scheduled to begin on or after May 22, 2026, on the NYSE.
Financial Impact
Proposed sale of 148,000 ADS valued at ~$1.31 million, representing 0.03% of shares outstanding and a negligible fraction of the affiliate's holdings.
Risk Factors
- The sale may not be executed; Form 144 is only an intent to sell.
- If executed, the sale is too small to create meaningful selling pressure.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001633603-26-000003 |
| Document: 0001633603-26-000003-index.html | 0001633603-26-000003 |
| Document: 0001633603-26-000003.txt | 0001633603-26-000003 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 19, 2026 6w ago | Press Release | $8.70 $8.10 | ▲ +6.90% | ▲ +4.94% | $8.19 (+5.92%) |
Aug 5, 2026 8w ago | Press Release | $9.55 $8.63 | ▼ −9.63% | ▼ −9.03% | $8.19 (−14.29%) |
May 22, 2026 19w ago | 144 | $8.36 $7.79 | ▼ −6.82% | ▼ −5.40% | $8.19 (−2.09%) |
May 21, 2026 19w ago | 6-K | $8.82 $7.88 | ▲ +10.71% | ▲ +11.05% | $8.19 (+7.20%) |
Apr 14, 2026 24w ago | 20-F | $8.39 $8.79 | ▲ +4.77% | ▼ −1.53% | $8.19 (−2.44%) |
Feb 28, 2026 30w ago | Institutional Cluster | $9.22 $8.01 | ▼ −13.20% | ▼ −5.26% | $8.19 (−11.27%) |
US Market Status
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