Cango (NYSE: CANG) CEO Paul Yu details 440,000 stock options

Rhea-AI Filing Summary

Cango Inc. director and Chief Executive Officer Paul Yu filed an initial ownership report showing stock options over 440,000 Class A ordinary shares at an exercise price of 0.0001. These options are held directly.

According to the vesting schedule, 25% of the stock options become vested and exercisable on October 31, 2026. The remaining 75% vest in 36 equal monthly installments starting 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^*

Yu Paul

(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
X	Officer (give title below)		Other (specify below)
	Chief Executive 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	440,000	$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/ Paul Yu	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 Paul Yu hold at Cango Inc. (CANG)?

Paul Yu serves as both director and Chief Executive Officer of Cango Inc. The Form 3 filing identifies him in these roles while disclosing his direct holdings of stock options over Class A ordinary shares, establishing his initial reported ownership position.

How many Cango (CANG) shares are covered by Paul Yu’s stock options?

Paul Yu’s reported stock options cover 440,000 Class A ordinary shares of Cango Inc. These options are reported as a direct holding and represent the underlying shares that may be acquired upon exercise, subject to the vesting and expiration terms described.

What is the vesting schedule of Paul Yu’s Cango (CANG) stock options?

25% of the options vest on October 31, 2026, and 75% vest monthly thereafter. The remaining 75% vest in 36 equal monthly installments beginning November 30, 2026, with each installment vesting on the last day of each month.

When do Paul Yu’s Cango (CANG) stock options expire after vesting?

Each vested installment of Paul Yu’s options expires three years after it becomes exercisable. The filing states that the expiration date for each portion is three years from its specific exercisable date, creating a series of staggered expirations over time.

Are Paul Yu’s Cango (CANG) stock options reported as direct or indirect holdings?

The Form 3 reports Paul Yu’s stock options as a direct holding. The ownership code is listed as direct, indicating the options and their underlying Class A ordinary shares are attributed directly to him rather than to an intermediary entity.

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

The reported exercise price for Paul Yu’s stock options is 0.0001 per underlying share. This conversion or exercise price applies to the 440,000 Class A ordinary shares covered by the options, subject to the stated vesting and expiration terms.