Yu Jiang 4
4 · Nano Nuclear Energy Inc. · Filed Jan 30, 2026
Research Summary
AI-generated summary of this filing
Nano Nuclear (NNE) 10% Owner Yu Jiang Sells Shares After Option Exercises
What Happened
- Yu Jiang (reported as a 10% owner via I Financial Ventures Group LLC) exercised a total of 500,000 options at $1.50 per share (total exercise cost ≈ $750,000) on Jan 28–29, 2026 and sold shares in open-market transactions across Jan 28–29, 2026. The reported sales totaled 888,000 shares for aggregate proceeds of $30,033,602. Several additional derivative dispositions (378,661 and 121,339 shares) were reported at $0 (derivative adjustments/conversions).
- These transactions were effected in the account of I Financial and executed pursuant to a Rule 10b5-1 trading plan adopted in September 2025. The pattern (exercise followed by immediate sales) is consistent with exercising options and selling the shares into the market.
Key Details
- Dates: Jan 28–29, 2026. Exercise price: $1.50 (M = option exercise). Sale prices (S) weighted averages and ranges reported: ~ $30.76–$35.25 per share, with specific weighted-average sale proceeds totaling $30,033,602.
- Shares exercised (paid for): 500,000; exercise cost ≈ $750,001 (per report). Shares sold for cash: 888,000; proceeds ≈ $30.03M.
- Derivative disposals: 378,661 and 121,339 shares reported at $0 (listed as derivative dispositions in the filing).
- Ownership after transaction: the filing excerpt provided does not state the total shares owned following these trades. Footnote F14 notes 200,000 shares issuable to I Financial and 300,000 shares issuable to the reporting person upon exercise of vested options within 60 days.
- Notable footnotes: transactions were executed under a 10b5‑1 plan (F1, F5, F9) and some sales were executed in multiple trades with reported weighted-average prices (F2–F13). The reporting person is sole shareholder/director of I Financial and thus may be deemed the beneficial owner.
- Timeliness: Filing date Jan 30, 2026 for transactions on Jan 28–29 — appears timely (not marked late).
Context
- For retail investors: this is a common pattern where an insider exercises vested options at a low strike and immediately sells shares into the market (often called a cashless exercise). The filing documents both the option exercises (M) and subsequent open-market sales (S).
- As Yu Jiang is a 10% owner acting through an entity (I Financial), these trades reflect principal/investor activity rather than necessarily routine executive compensation decisions. The presence of a 10b5‑1 plan means trades were pre-authorized under a written plan adopted in September 2025.
- Facts only — filing shows large gross proceeds ($30M) with a modest exercise outlay ($0.75M). The filing does not reveal motivations (e.g., diversification, tax, liquidity).
Insider Transaction Report
Form 4
Yu Jiang
DirectorPresident and Chairman10% Owner
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-01-28$1.50/sh+179,965$269,948→ 9,291,965 total(indirect: By LLC) - Sale
Common Stock
[F1][F2]2026-01-28$33.83/sh−179,965$6,087,640→ 9,112,000 total(indirect: By LLC) - Exercise/Conversion
Common Stock
[F1]2026-01-28$1.50/sh+196,474$294,711→ 9,308,474 total(indirect: By LLC) - Sale
Common Stock
[F1][F3]2026-01-28$34.42/sh−196,474$6,763,264→ 9,112,000 total(indirect: By LLC) - Exercise/Conversion
Common Stock
[F1]2026-01-28$1.50/sh+2,222$3,333→ 9,114,222 total(indirect: By LLC) - Sale
Common Stock
[F1][F4]2026-01-28$35.25/sh−2,222$78,326→ 9,112,000 total(indirect: By LLC) - Sale
Common Stock
[F5][F6]2026-01-28$33.83/sh−184,403$6,237,763→ 8,927,597 total(indirect: By LLC) - Sale
Common Stock
[F5][F7]2026-01-28$34.42/sh−201,320$6,930,079→ 8,726,277 total(indirect: By LLC) - Sale
Common Stock
[F5][F8]2026-01-28$35.25/sh−2,277$80,264→ 8,724,000 total(indirect: By LLC) - Exercise/Conversion
Common Stock
[F9]2026-01-29$1.50/sh+19,584$29,376→ 8,743,584 total(indirect: By LLC) - Sale
Common Stock
[F9][F10]2026-01-29$30.76/sh−19,584$602,449→ 8,724,000 total(indirect: By LLC) - Exercise/Conversion
Common Stock
[F9]2026-01-29$1.50/sh+87,680$131,520→ 8,811,680 total(indirect: By LLC) - Sale
Common Stock
[F9][F11]2026-01-29$31.81/sh−87,680$2,788,838→ 8,724,000 total(indirect: By LLC) - Exercise/Conversion
Common Stock
[F9]2026-01-29$1.50/sh+10,975$16,463→ 8,734,975 total(indirect: By LLC) - Sale
Common Stock
[F9][F12]2026-01-29$32.84/sh−10,975$360,383→ 8,724,000 total(indirect: By LLC) - Exercise/Conversion
Common Stock
[F9]2026-01-29$1.50/sh+3,100$4,650→ 8,727,100 total(indirect: By LLC) - Sale
Common Stock
[F9][F13]2026-01-29$33.74/sh−3,100$104,596→ 8,724,000 total(indirect: By LLC) - Exercise/Conversion
Stock Options
[F1]2026-01-28−378,661→ 621,339 total(indirect: By LLC)Exercise: $1.50→ Common Stock (378,661 underlying) - Exercise/Conversion
Stock Options
[F9][F14]2026-01-29−121,339→ 500,000 total(indirect: By LLC)Exercise: $1.50→ Common Stock (121,339 underlying)
Footnotes (14)
- [F1]Represents the number of shares of common stock issued upon exercise of certain options originally granted to the reporting person through I Financial (as defined below) at the exercise price of $1.50 per share, which were fully vested and exercisable on February 10, 2023, with expiry on February 10, 2026. On January 28, 2026, such options were exercised. The reporting person is the sole shareholder and director of I Financial Ventures Group LLC ("I Financial"), a limited liability company incorporated under the laws of Delaware, which is the record holder of the securities reported herein. The reporting person, as such, has investment control over the securities of the issuer held by I Financial and may be deemed the beneficial owner of such securities. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person through I Financial, in September 2025, and was executed in the account of I Financial.
- [F10]This transaction was executed in multiple trades during the day at prices ranging from $30.2500 to $31.2400. The weighted-average price is reported above. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
- [F11]This transaction was executed in multiple trades during the day at prices ranging from $31.2600 to $32.2400. The weighted-average price is reported above. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
- [F12]This transaction was executed in multiple trades during the day at prices ranging from $32.3300 to $33.3100. The weighted-average price is reported above. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
- [F13]This transaction was executed in multiple trades during the day at prices ranging from $33.3300 to $34.0000. The weighted-average price is reported above. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
- [F14]Represent 200,000 shares of common stock issuable to I Financial upon the exercise of the vested options within 60 days of the date of this report and 300,000 shares of common stock issuable to the reporting person upon the exercise of the vested options within 60 days of the date of this report.
- [F2]This transaction was executed in multiple trades during the day at prices ranging from $33.1000 to $34.0950. The weighted-average price is reported above. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
- [F3]This transaction was executed in multiple trades during the day at prices ranging from $34.1000 to $34.9600. The weighted-average price is reported above. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
- [F4]This transaction was executed at a price of $35.2500. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
- [F5]This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person through I Financial, in September 2025, and was executed in the account of I Financial.
- [F6]This transaction was executed in multiple trades during the day at prices ranging from $33.1000 to $34.0950. The weighted-average price is reported above. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
- [F7]This transaction was executed in multiple trades during the day at prices ranging from $34.1000 to $34.9600. The weighted-average price is reported above. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
- [F8]This transaction was executed at a price of $35.2500. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
- [F9]Represents the number of shares of common stock issued upon exercise of certain options originally granted to the reporting person through I Financial at the exercise price of $1.50 per share, which were fully vested and exercisable on February 10, 2023, with expiry on February 10, 2026. On January 29, 2026, such options were exercised. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person through I Financial, in September 2025, and was executed in the account of I Financial.
Signature
/s/ Jiang Yu|2026-01-30