Cango CFO discloses stock option holdings
Cango Inc. filed an initial ownership report showing that Chief Financial Officer Zhang Yongyi holds multiple stock option awards over Class A ordinary shares.
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Rhea-AI Filing Summary
Cango Inc. filed an initial ownership report showing that Chief Financial Officer Zhang Yongyi holds multiple stock option awards over Class A ordinary shares. These options give him the right to buy shares at preset exercise prices.
The holdings include stock options over 420,000 underlying shares at an exercise price of $0.0001 per share and several grants at an exercise price of $0.2951 per share with expirations between 2028 and 2031. Footnotes describe vesting schedules, including options vesting from October 31, 2026 and earlier grants where portions vested between May 25, 2020 and May 25, 2022, with some of those earlier options already exercised and sold.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
Footnotes (3)
- F1. 25% of the stock options shall be vested and exercisable on October 31, 2026, and the remaining 75% of the stock options shall be vested and exercisable in 36 equal monthly installments, commencing November 30, 2026, on the last day of each month.
- F2. The expiration date shall be three years after each installment's exercisable date.
- F3. 100,000 stock options vested and became exercisable on May 25, 2020, 50,000 stock options vested and became exercisable on May 25, 2021 and 50,000 stock options vested and became exercisable on May 25, 2022. Among the 200,000 stock options granted, 54,728 stock options were exercised and sold.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Cango (CANG) CFO Zhang Yongyi report in this Form 3?
How many Cango stock options does the CFO hold at a $0.0001 exercise price?
What other key Cango stock option exercise price is disclosed for the CFO?
When do Cango CFO Zhang Yongyi’s reported stock options expire?
What vesting terms are described for Cango CFO’s stock options?
AI-generated analysis. How Rhea-AI works. Not financial advice.
