Cheche Group replaces director’s share awards with $20K

The negotiated US$20,000 cash settlement covered the prior equity compensation arrangements as a whole, not 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. Rong Shengwen reported disposition transactions in this Form 4 filing.

Cheche Group Inc. (CCG) was the recipient of director Rong Shengwen’s cancellation and surrender of 312 Class A ordinary shares and 30 restricted shares on September 23, 2026. Of the prior equity awards, 312 shares had vested and been issued, while 30 remained unvested and unissued immediately before the transactions. The prior equity compensation arrangements were replaced with an aggregate cash settlement of US$20,000, negotiated as a whole rather than on a per-share basis. The awards had been adjusted in connection with a 35-for-1 share consolidation effective July 20, 2026.

Insider Trade Summary

Disposition: 342 shares

Disposition 2 txns

Insider Rong Shengwen

Role Director

Type	Security	Shares	Price	Value
Disposition	Class A Ordinary Shares F1, F2	312	$0.00	$0.00
Disposition	Restricted Shares F1, F2	30	$0.00	$0.00

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

Footnotes (2)

1. F1. Reflects 312 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 342 Class A ordinary shares, of which 312 shares had vested and been issued and 30 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$20,000. 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 surrendered: 312 shares Restricted shares surrendered: 30 shares Aggregate cash settlement: US$20,000 +4 more

7 metrics

Class A ordinary shares surrendered 312 shares September 23, 2026

Restricted shares surrendered 30 shares Unvested and unissued immediately before the transaction

Aggregate cash settlement US$20,000 For the prior equity compensation arrangements; not determined on a per-share basis

Prior equity awards 342 Class A ordinary shares Aggregate amount covered following the 35-for-1 share consolidation

Class A ordinary shares held following transaction 0 shares Reported position after September 23, 2026

Restricted shares held following transaction 0 shares Reported position after September 23, 2026

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

Key Terms

share consolidation, equity compensation arrangements, aggregate cash settlement, unvested and unissued

4 terms

share consolidation technical

"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 compensation arrangements financial

"replacement of the Reporting Person's prior equity compensation arrangements"

aggregate cash settlement financial

"with an aggregate cash settlement of US$20,000"

unvested and unissued financial

"30 shares remained unvested and unissued immediately prior"

FAQ

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

How many shares did CCG director Rong Shengwen surrender?

Rong Shengwen surrendered 312 Class A ordinary shares and 30 restricted shares to Cheche Group on September 23, 2026. The 30 restricted shares were unvested and unissued immediately beforehand.

What was the cash settlement for Rong Shengwen’s CCG equity awards?

The prior equity compensation arrangements were replaced with a negotiated aggregate cash settlement of US$20,000. The amount was negotiated for the arrangements as a whole and was not determined on a per-share basis.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 09/23/2026 - 04:07 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^*

Rong Shengwen

(Last) (First) (Middle)

182 PINE LN

(Street)

LOS ALTOS CALIFORNIA 94022

(City) (State) (Zip)

UNITED STATES

(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		312(1)	D	$0.00(2)	0	D
Restricted Shares	09/23/2026		D		30(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 312 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 342 Class A ordinary shares, of which 312 shares had vested and been issued and 30 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$20,000. 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/ Shengwen Rong	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)