YMM Full Truck Alliance Co. Ltd.

NEUTRAL Impact: 2/10 144
Horizon days Filed May 22, 2026 Processed 24d 8h ago SEC 0001633603-26-000003
Form 144 — notice of proposed sale of securities
Latest settled — T+5d ⚠ clustered
YMM ▲ +7.89% at T+5d
NEUTRAL call ✓ call won +7.89% · α vs SPY +6.24% · entry $8.36 → $9.02
Next anchor: T+20d in 7d
Last close $8.44 (close Jun 12) · +0.96% from $8.36 entry
Entry anchored
May 21, 2026
via day open
T+1d
+3.11%
call +3.11% · α +2.52%
$8.62
settled 24d ago
T+5d
+7.89%
call +7.89% · α +6.24%
$9.02
settled 17d ago
T+20d
call — · α —
in 7d
T+60d
call — · α —
in 2mo

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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.

Actionable Insight

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.

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.

dilution

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

Exchange
NYSE
Sector
Services-Prepackaged Software
Analyst Consensus
74% bullish (19 analysts)

Documents Analyzed

This report is based on 3 SEC documents filed with EDGAR.

DocumentAccession Number
144 Filing (Primary)0001633603-26-000003
Document: 0001633603-26-000003-index.html0001633603-26-000003
Document: 0001633603-26-000003.txt0001633603-26-000003
4 reports for YMM
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Type Now
May 22, 2026
24d ago
144
NEUTRAL ★ 2/10
$8.36 $9.02▲ +7.89%▲ +6.24%$8.44 (+0.96%)
May 21, 2026
24d ago
6-K
BEARISH ★ 6/10
$8.82 $8.85▼ −0.34%▲ +1.26%$8.44 (+4.31%)
Apr 14, 2026
8w ago
20-F
BULLISH ★ 8/10
$8.39 $8.83▲ +5.24%▲ +3.85%$8.44 (+0.60%)
Feb 28, 2026
15w ago
Institutional Cluster
NEUTRAL ★ 5/10
$9.22 $9.00▼ −2.47%▼ −1.26%$8.44 (−8.50%)
Showing 4 of 4

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