Cango (CANG) director reports options and 19.3M indirect share stake

Rhea-AI Filing Summary

Cango Inc. director Jin Xin (Moore) filed an initial ownership report showing both equity awards and an indirect share stake. He holds options to acquire 1,600,000 Class A ordinary shares at an exercise price of $0.0001 per share. According to the vesting schedule, 25% of these options will vest and become exercisable on October 31, 2026, with the remaining 75% vesting in 36 equal monthly installments thereafter; each tranche expires on the third anniversary of its vesting date. The filing also reports indirect ownership of 19,267,287 Class A ordinary shares held by Armada Network Limited.

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^*

Jin Xin (Moore)

(Last) (First) (Middle)

3131 MCKINNEY AVENUE

(Street)

DALLAS 75204

(City) (State) (Zip)

(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)
Class A Ordinary Shares	19,267,287	I	By Armada Network Limited

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
Options (right to buy)	(1)	(1)	Class A Ordinary Shares	1,600,000	$0.0001	D

Explanation of Responses:

1. 25% of the options held by Mr. Jin Xin (Moore) will vest and become exercisable on October 31, 2026, and the remaining 75% will vest and become exercisable in 36 equal monthly installments on the last day of each month thereafter. Each tranche expires on the third anniversary of the date it becomes exercisable.

	/s/ Jin Xin (Moore)	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) director Jin Xin (Moore) report on this Form 3?

Jin Xin (Moore) reports his initial ownership in Cango, including options and indirect shares. The filing lists option awards over 1,600,000 Class A ordinary shares and an indirect holding of 19,267,287 Class A ordinary shares through Armada Network Limited.

How many Cango (CANG) shares are covered by Jin Xin (Moore)’s options?

The Form 3 shows options over 1,600,000 Class A ordinary shares with an exercise price of $0.0001. These options represent a significant equity incentive position and are separate from the indirect shareholding reported through Armada Network Limited.

What is the vesting schedule for Jin Xin (Moore)’s Cango (CANG) options?

The options vest over time. Twenty-five percent will vest and become exercisable on October 31, 2026, and the remaining 75% will vest in 36 equal monthly installments thereafter. Each vested tranche expires on the third anniversary of the date it becomes exercisable.

What indirect Cango (CANG) holdings are reported for Jin Xin (Moore)?

The filing reports indirect ownership of 19,267,287 Class A ordinary shares held by Armada Network Limited. This indicates a substantial associated stake, with the shares attributed to the entity rather than listed as directly held personal shares.

Does this Cango (CANG) Form 3 show any insider buying or selling?

No transactions are reported; the Form 3 only lists existing holdings. It provides a snapshot of Jin Xin (Moore)’s option awards and indirect share ownership at the time he became a reporting insider, without any buy or sell activity.

What is the exercise price of Jin Xin (Moore)’s Cango (CANG) options?

The options have an exercise price of $0.0001 per Class A ordinary share. This very low price reflects their nature as equity compensation awards rather than market purchases, subject to the detailed vesting schedule described in the filing footnote.