Cango (NYSE: CANG) CFO details stock option holdings in Form 3

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.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Zhang Yongyi

(Last) (First) (Middle)

3131 MCKINNEY AVENUE

(Street)

DALLAS TEXAS 75204

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Cango Inc. [ CANG ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	(1)	(2)	Class A ordinary share	420,000	$0.0001	D
Stock Option (right to buy)	(3)	05/24/2028	Class A ordinary share	145,272(3)	$0.2951	D
Stock Option (right to buy)	02/15/2021	02/14/2029	Class A ordinary share	83,400	$0.2951	D
Stock Option (right to buy)	02/15/2022	02/14/2029	Class A ordinary share	41,700	$0.2951	D
Stock Option (right to buy)	02/15/2023	02/14/2029	Class A ordinary share	41,702	$0.2951	D
Stock Option (right to buy)	10/15/2022	10/14/2030	Class A ordinary share	58,636	$0.2951	D
Stock Option (right to buy)	10/15/2023	10/14/2030	Class A ordinary share	29,318	$0.2951	D
Stock Option (right to buy)	10/15/2024	10/14/2030	Class A ordinary share	29,320	$0.2951	D
Stock Option (right to buy)	05/01/2023	04/30/2031	Class A ordinary share	63,528	$0.2951	D
Stock Option (right to buy)	05/01/2024	04/30/2031	Class A ordinary share	31,764	$0.2951	D
Stock Option (right to buy)	05/01/2025	04/30/2031	Class A ordinary share	31,764	$0.2951	D

Explanation of Responses:

1. 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.

2. The expiration date shall be three years after each installment's exercisable date.

3. 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.

	/s/ Yongyi Zhang	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does Cango (CANG) CFO Zhang Yongyi report in this Form 3?

The Form 3 shows Cango CFO Zhang Yongyi’s existing stock option holdings over Class A ordinary shares. It lists multiple option grants, their exercise prices, vesting schedules, and expiration dates, providing a baseline of his derivative ownership when he became a reporting insider.

How many Cango stock options does the CFO hold at a $0.0001 exercise price?

Zhang Yongyi holds stock options over 420,000 underlying Class A ordinary shares at an exercise price of $0.0001 per share. These very low-price options represent a significant potential equity position if exercised, as detailed in the derivative holdings summary.

What other key Cango stock option exercise price is disclosed for the CFO?

Beyond the $0.0001 options, the Form 3 shows several stock option grants with an exercise price of $0.2951 per share. These grants cover multiple blocks of underlying Class A ordinary shares and have staggered vesting and expiration dates extending through 2031.

When do Cango CFO Zhang Yongyi’s reported stock options expire?

The reported options have various expiration dates, including May 24, 2028, February 14, 2029, October 14, 2030, and April 30, 2031. Some options tied to each vesting installment expire three years after becoming exercisable, as described in the footnotes.

What vesting terms are described for Cango CFO’s stock options?

One grant vests 25% on October 31, 2026, with the remaining 75% in 36 equal monthly installments starting November 30, 2026. Another grant had 100,000 options vest in 2020 and 50,000 each in 2021 and 2022, with 54,728 of those already exercised and sold.