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.
Positive
- None.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
Footnotes (1)
- 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. 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.