Cango (NYSE: CANG) director Lin Yanjun reports option grant over 40,000 shares

Rhea-AI Filing Summary

Cango Inc. director Lin Yanjun has reported initial beneficial ownership of a stock option covering 40,000 Class A ordinary shares. The option has an exercise price of 0.0001 per share. According to the vesting schedule, 25% becomes exercisable on October 31, 2026, with the remaining 75% vesting in 36 equal monthly installments starting November 30, 2026. Each vested installment expires three years after its respective exercisability 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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Lin Yanjun

(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/ Yanjun Lin	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 holdings did Lin Yanjun report for Cango Inc. (CANG)?

Lin Yanjun reported a stock option over 40,000 Class A ordinary shares of Cango Inc. The option is structured as a right to buy these shares at a fixed exercise price, subject to a multi-year vesting and expiration schedule described in the filing.

How do Lin Yanjun’s Cango stock options vest over time?

25% of the stock options vest on October 31, 2026, with the remaining 75% vesting monthly over three years. Specifically, the balance vests in 36 equal monthly installments starting November 30, 2026, on the last day of each month thereafter.

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

The reported stock options have an exercise price of 0.0001 per underlying Class A ordinary share. This very low fixed price applies when vested options are exercised, according to the terms disclosed in the insider ownership statement.

When do Lin Yanjun’s Cango stock options expire?

Each vested installment of Lin Yanjun’s options expires three years after it becomes exercisable. This means every monthly tranche, once vested, carries its own three-year life from that specific exercisability date, rather than a single uniform expiration for the entire grant.

Is Lin Yanjun’s Form 3 for Cango a buy or sell transaction?

The Form 3 reflects holdings of a stock option, not a buy or sell transaction. It is an initial statement of beneficial ownership showing option rights over 40,000 shares with a defined vesting and expiration schedule, rather than reporting any market trade.