Cheche Group (CCG) CFO discloses 180,000 performance-based stock options
Rhea-AI Filing Summary
Cheche Group Inc. disclosed initial holdings for Chief Financial Officer Wenting Ji on a Form 3. The filing shows stock options to acquire 150,000 shares of Class A common stock at an exercise price of $0.10 per share, expiring on January 31, 2034, plus options for 30,000 shares at the same price expiring on March 31, 2035.
The 150,000-share grant, made on January 31, 2024, vests in equal annual installments over four years, with the first two installments already vested and exercisable. Remaining vesting is performance-based, with possible vesting levels of 0%, 50%, or 100%. The 30,000-share grant, made on March 31, 2025, vests in equal annual installments over two years, also subject to performance-based vesting percentages of 0%, 50%, and 100%, and becomes exercisable upon vesting.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
Footnotes (2)
- F1. On January 31, 2024, pursuant to the 2023 Equity Incentive Plan, the Reporting Person was granted stock options to purchase a total of 150,000 shares of the Issuer's common stock. The options vest in equal annual installments over a four-year period, with the first vesting date on January 31, 2025. The first two vesting events have been fully vested and exercisable. Subsequent vesting will be performance-based, with vesting percentages of 0%, 50%, and 100%, respectively. These options become exercisable upon vesting. Any unvested portion of the options will be forfeited upon the Reporting Person's termination of service.
- F2. On March 31, 2025, pursuant to the 2023 Equity Incentive Plan, the Reporting Person was granted stock options to purchase a total of 30,000 shares of the Issuer's common stock. The options vest in equal annual installments over a two-year period, with the first vesting date on March 31, 2026. The vesting will be performance-based, with vesting percentages of 0%, 50%, and 100%, respectively. These options become exercisable upon vesting. Any unvested portion of the options will be forfeited upon the Reporting Person's termination of service.
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