Cango (NYSE: CANG) CIO reports 120,000 stock options on Form 3

Rhea-AI Filing Summary

Cango Inc. filed an initial ownership report for Chief Investment Officer Tang Simon Ming Yeung, showing he holds stock options to buy 120,000 Class A ordinary shares at an exercise price of $0.0001 per share.

According to the vesting schedule, 25% of these options become exercisable on October 31, 2026, with the remaining 75% vesting in 36 equal monthly installments starting on November 30, 2026, on the last day of each month. Each installment expires three years after its exercisable date, defining a staggered window during which the options can be used.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Tang Simon Ming Yeung

Role Chief Investment Officer

Type	Security	Shares	Price	Value
holding	Stock Option (right to buy)	--	--	--

Holdings After Transaction: Stock Option (right to buy) — 120,000 shares (Direct)

Footnotes (1)

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

Understanding Insider Trading Forms →

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^*

Tang Simon Ming Yeung

(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 Investment 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	120,000	$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/ Simon Ming Yeung Tang	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 insider position does the Cango (CANG) Form 3 filing disclose?

The Form 3 filing discloses that Cango’s Chief Investment Officer, Tang Simon Ming Yeung, holds stock options over 120,000 Class A ordinary shares. These options are part of his compensation and are subject to a detailed future vesting schedule.

How many Cango (CANG) shares are covered by the CIO’s stock options?

The Chief Investment Officer holds stock options over 120,000 Class A ordinary shares of Cango Inc. These options provide a right to buy shares at a fixed exercise price, subject to future vesting and expiration terms laid out in the filing.

What is the exercise price of the Cango (CANG) CIO’s stock options?

The stock options reported carry an exercise price of $0.0001 per underlying Class A ordinary share. This very low strike price means the options are structured as a strong equity incentive, assuming the vesting and expiration conditions are satisfied over time.

When do the Cango (CANG) CIO’s stock options start vesting?

The options begin vesting on October 31, 2026, when 25% of the grant becomes exercisable. The remaining 75% vests in 36 equal monthly installments starting November 30, 2026, on the last day of each month thereafter according to the disclosure.

How long are Cango (CANG) CIO’s vested stock options exercisable?

Each vested installment of the CIO’s stock options expires three years after its exercisable date. This means every monthly vesting tranche has its own three-year exercise window, encouraging longer-term retention while still imposing a clear time limit for exercising.

Does the Cango (CANG) Form 3 show any option exercises or share sales?

The Form 3 shows a holding of stock options rather than active transactions. It reports the CIO’s derivative position in options to buy 120,000 shares and details future vesting and expiration, without indicating any current purchases, sales, or option exercises.