Lu Haitian (CANG) discloses option over 40,000 Cango Class A shares

Rhea-AI Filing Summary

Cango Inc. director Lu Haitian filed an initial Form 3 disclosing a stock option position. The option covers 40,000 Class A ordinary shares at an exercise price of $0.0001 per share.

According to the vesting terms, 25% of the stock options become vested and exercisable on October 31, 2026. The remaining 75% vest in 36 equal monthly installments starting on November 30, 2026, on the last day of each month. Each vested installment expires three years after its respective exercisable date.

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^*

Lu Haitian

(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)

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

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	40,000	$0.0001	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.

	/s/ Haitian Lu	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 Lu Haitian’s Form 3 for Cango (CANG) disclose?

The Form 3 shows Lu Haitian holds a stock option over 40,000 Class A ordinary shares of Cango. The option has a very low exercise price and a multi-year vesting schedule starting in late 2026.

How many Cango (CANG) shares are covered by Lu Haitian’s option?

The disclosed stock option covers 40,000 underlying Class A ordinary shares of Cango. This entire amount is tied to a single option award, subject to a structured vesting schedule over several years after late 2026.

What is the exercise price of Lu Haitian’s Cango (CANG) stock option?

The stock option is exercisable at an exercise price of $0.0001 per Class A ordinary share. This nominal price indicates the option functions primarily as an equity incentive, with value driven by Cango’s future share performance.

When do Lu Haitian’s Cango (CANG) stock options begin vesting?

Vesting begins on October 31, 2026, when 25% of the options become vested and exercisable. The remaining 75% vest in 36 equal monthly installments, starting on November 30, 2026, on the last day of each month.

How long do Lu Haitian’s Cango (CANG) option tranches remain exercisable?

Each vested installment of the stock option expires three years after its exercisable date. This means every monthly tranche, once vested, can be exercised for a three-year period before it terminates if not used.

Is Lu Haitian’s Form 3 for Cango (CANG) a buy or sell transaction?

The Form 3 does not report a buy or sell transaction. It is an initial statement of beneficial ownership, listing an existing stock option position and its vesting and expiration terms rather than recording market trades.