Cheche Group director returns shares in $10K settlement

The negotiated US$10,000 settlement covered prior equity compensation arrangements and was not determined on a per-share basis.

Rhea-AI Filing Summary

Cheche Group Inc. (symbol: CCG) is the issuer of record for a Form 4 filing submitted to the SEC. Li Liqun reported disposition transactions in this Form 4 filing.

Cheche Group Inc. director Li Liqun returned 156 Class A ordinary shares and 15 restricted shares to the issuer on September 23, 2026; reported holdings after each transaction were zero. The cancellations and surrenders were connected with replacing prior equity compensation arrangements through an aggregate cash settlement of US$10,000, negotiated as a total rather than on a per-share basis. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Disposition: 171 shares

Disposition 2 txns

Insider Li Liqun

Role Director

Type	Security	Shares	Price	Value
Disposition	Class A Ordinary Shares F1, F2	156	$0.00	$0.00
Disposition	Restricted Shares F1, F2	15	$0.00	$0.00

Holdings After Transaction: Class A Ordinary Shares — 0 shares (Direct); Restricted Shares — 0 shares (Direct)

Footnotes (2)

1. F1. Reflects 156 Class A ordinary shares issued to the Reporting Person following the adjustment of the Reporting Person's prior equity awards in connection with the Issuer's 35-for-1 share consolidation, effective July 20, 2026. Following the share consolidation, the Reporting Person's prior equity awards covered an aggregate of 171 Class A ordinary shares, of which 156 shares had vested and been issued and 15 shares remained unvested and unissued immediately prior to the reported transactions.
2. F2. Represents the cancellation and surrender to the Issuer of the reported securities in connection with the replacement of the Reporting Person's prior equity compensation arrangements with an aggregate cash settlement of US$10,000. The cash settlement was negotiated as an aggregate settlement of the Reporting Person's prior equity compensation arrangements and was not determined on a per-share basis.

Key Figures

Class A ordinary shares returned: 156 shares Restricted shares returned: 15 shares Aggregate cash settlement: US$10,000 +4 more

7 metrics

Class A ordinary shares returned 156 shares September 23, 2026

Restricted shares returned 15 shares September 23, 2026

Aggregate cash settlement US$10,000 Negotiated as an aggregate settlement, not on a per-share basis

Class A ordinary shares held after transaction 0 shares Reported post-transaction position

Restricted shares held after transaction 0 shares Reported post-transaction position

Prior equity awards 171 Class A ordinary shares After adjustment for the share consolidation; immediately before the reported transactions

Share consolidation ratio 35-for-1 Effective July 20, 2026

Key Terms

share consolidation, equity awards, aggregate cash settlement, unvested and unissued

4 terms

share consolidation financial

"35-for-1 share consolidation, effective July 20, 2026"

Share consolidation is a process where a company reduces the total number of its shares by combining multiple existing shares into a smaller number of higher-value shares. This can make each share more expensive and potentially improve the company’s image. For investors, it often means their ownership remains the same, but the value of each share increases, which can influence how the stock is perceived and traded.

equity awards financial

"prior equity awards covered an aggregate of 171 Class A ordinary shares"

Equity awards are payments to employees or directors made in the form of company stock or rights to buy stock later, serving as a way to share ownership rather than cash. For investors, they matter because they align staff incentives with company performance, can increase the number of shares outstanding over time (which can reduce each share’s claim on profits), and create compensation costs that affect reported earnings.

aggregate cash settlement financial

"replacement of the Reporting Person's prior equity compensation arrangements with an aggregate cash settlement"

unvested and unissued financial

"15 shares remained unvested and unissued immediately prior to the reported transactions"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many CCG shares did director Li Liqun return to the issuer?

On September 23, 2026, Li Liqun returned 156 Class A ordinary shares and 15 restricted shares to the issuer; reported holdings after each transaction were zero.

What settlement was reported for Li Liqun's CCG equity compensation?

The cancellation and surrender of the reported securities were connected with replacing prior equity compensation arrangements through an aggregate cash settlement of US$10,000. The settlement was negotiated as an aggregate amount and was not determined on a per-share basis.

How were Li Liqun's prior CCG awards adjusted before the transactions?

Following the issuer's 35-for-1 share consolidation, the prior equity awards covered an aggregate of 171 Class A ordinary shares. Immediately before the reported transactions, 156 shares had vested and been issued, while 15 remained unvested and unissued.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/23/2026 - 04:06 PM Accepted by SEC EDGAR 09/23/2026 - 04:05 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Li Liqun

(Last) (First) (Middle)

25E, JINSUIDASHA, PUDONG

(Street)

SHANGHAI CHINA 200120

(City) (State) (Zip)

CHINA

(Country)

2. Issuer Name and Ticker or Trading Symbol
Cheche Group Inc. [ CCG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/23/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Ordinary Shares	09/23/2026		D		156(1)	D	$0.00(2)	0	D
Restricted Shares	09/23/2026		D		15(1)	D	$0.00(2)	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reflects 156 Class A ordinary shares issued to the Reporting Person following the adjustment of the Reporting Person's prior equity awards in connection with the Issuer's 35-for-1 share consolidation, effective July 20, 2026. Following the share consolidation, the Reporting Person's prior equity awards covered an aggregate of 171 Class A ordinary shares, of which 156 shares had vested and been issued and 15 shares remained unvested and unissued immediately prior to the reported transactions.

2. Represents the cancellation and surrender to the Issuer of the reported securities in connection with the replacement of the Reporting Person's prior equity compensation arrangements with an aggregate cash settlement of US$10,000. The cash settlement was negotiated as an aggregate settlement of the Reporting Person's prior equity compensation arrangements and was not determined on a per-share basis.

	/s/ Liqun Li	09/23/2026
	** 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 4 (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 4: SEC 1474 (03-26)