Cango Insider Notice: 800,000 ADS Proposed Sale via Futu ($3.78M)

Rhea-AI Filing Summary

Form 144/A for Cango Inc. (CANG) reports a proposed sale of 800,000 American Depositary Shares (ADS)—each ADS represents two Class A ordinary shares—through Futu Securities International (Hong Kong). The filing lists an aggregate market value of $3,784,000 and shows 103,782,668 shares outstanding. The securities were acquired on 05/25/2018 under a company share incentive from Cango Inc., with 3,890,433 shares originally acquired in that grant; payment is noted as option exercise cost. The approximate sale date is 09/09/2025. The filer states there were no securities sold in the past three months and signs the required representation that no undisclosed material adverse information is known.

Positive

• Full disclosure of sale details including broker, acquisition date, and payment nature
• No securities sold in the past three months, as explicitly stated

Negative

• Proposed sale of 800,000 ADS with an aggregate market value of $3,784,000 is pending

Insights

Financial Analyst

TL;DR: A beneficial holder plans a single-block sale of 800,000 ADS valued at $3.78M; disclosure is routine and transparent.

The filing documents a proposed disposition of 800,000 ADS via a Hong Kong broker, with the shares originally acquired under a company incentive in 2018 and payment listed as option exercise cost. No sales were reported in the prior three months. For investors, the filing is a standard Rule 144 disclosure that signals an insider or affiliate intends to sell a stake but provides no new operational or financial information about the issuer.

Corporate Governance Expert

TL;DR: Filing meets regulatory notice requirements; it is a compliance disclosure without governance-change signals.

The notice identifies the broker, acquisition date, nature of acquisition (company share incentive), and that the filer represents no undisclosed material information. It documents the intended sale date and aggregate value, adhering to Rule 144 reporting standards. The disclosure itself does not indicate management change, related-party transaction, or other governance events.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144/A

144/A: Filer Information

Filer CIK
Filer CCC
Previous Accession Number Of The Filing
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144/A: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144/A: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
American Depositary Shares (ADS,One ADS represents two Class A ordinary shares)	Futu Securities International (Hong Kong) Ltd. 34/F, United Centre 95 Queensway Admiralty K3 HONG KONG K3 999077	800000	3784000.00	103782668	09/09/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144/A: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
American Depositary Shares (ADS,One ADS represents two Class A ordinary shares)	05/25/2018	Company Share Incentive	Cango Inc.			3890433	09/09/2025	Option exercise cost

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144/A: Securities Sold During The Past 3 Months

Nothing to Report

144/A: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the CANG Form 144/A disclose?

The filing discloses a proposed sale of 800,000 ADS (one ADS = two Class A shares) with an aggregate market value of $3,784,000, via Futu Securities International (Hong Kong).

When were the securities acquired according to the filing?

The securities were acquired on 05/25/2018 under a company share incentive from Cango Inc.

What is the approximate sale date listed in the Form 144/A?

The approximate date of sale is listed as 09/09/2025.

How many shares outstanding does the filing report?

The filing reports 103,782,668 shares outstanding.

Did the filer report any securities sold in the past three months?

The filing states "Nothing to Report" for securities sold during the past three months.