Cheche Group director returns 171 restricted shares

The prior equity compensation arrangements were replaced with an aggregate US$10,000 cash settlement, negotiated without a per-share calculation.

Rhea-AI Filing Summary

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

Cheche Group Inc. (CCG) director Xiufang Li returned 171 restricted shares to the issuer on September 23, 2026; her reported holdings after the transaction were zero shares. The cancellation was connected to replacing her prior equity compensation arrangements with an aggregate cash settlement of US$10,000, negotiated in aggregate rather than on a per-share basis.

Insider Trade Summary

Disposition: 171 shares

Disposition 1 txn

Insider LI Xiufang

Role Director

Type	Security	Shares	Price	Value
Disposition	Restricted Shares F1, F2	171	$0.00	$0.00

Holdings After Transaction: Restricted Shares — 0 shares (Direct)

Footnotes (2)

1. F1. Immediately prior to the reported transaction, the Reporting Person's prior equity awards covered an aggregate of 171 Class A ordinary shares, of which awards covering 114 shares had vested but remained unsettled and unissued, and awards covering 57 shares remained unvested and unissued.
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

Restricted shares returned to issuer: 171 shares Aggregate cash settlement: US$10,000 Reported holdings after transaction: 0 shares +2 more

5 metrics

Restricted shares returned to issuer 171 shares September 23, 2026

Aggregate cash settlement US$10,000 Settlement connected to replacement of prior equity compensation arrangements

Reported holdings after transaction 0 shares Following the September 23, 2026 transaction

Vested awards, unsettled and unissued 114 shares Immediately prior to the reported transaction

Unvested awards, unissued 57 shares Immediately prior to the reported transaction

Key Terms

Restricted Shares, vested but remained unsettled and unissued, unvested and unissued, aggregate cash settlement

4 terms

Restricted Shares technical

"171 Restricted Shares"

Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.

vested but remained unsettled and unissued technical

"awards covering 114 shares had vested but remained unsettled and unissued"

unvested and unissued technical

"awards covering 57 shares remained unvested and unissued"

aggregate cash settlement financial

"with an aggregate cash settlement of US$10,000"

FAQ

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

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

Xiufang Li returned 171 restricted shares to the issuer on September 23, 2026, and her reported holdings following the transaction were zero shares.

What cash settlement was tied to CCG's canceled awards?

The replacement of Xiufang Li's prior equity compensation arrangements was connected to an aggregate cash settlement of US$10,000, negotiated as an aggregate amount rather than on a per-share basis.

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 Xiufang

(Last) (First) (Middle)

ROOM 508 FINANCE SCHOOL JINNAN CAMPUS

NANKAI UNIV TIANJIN HAIHE EDUCATION PARK

(Street)

TIANJIN CHINA 300350

(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
Restricted Shares	09/23/2026		D		171(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. Immediately prior to the reported transaction, the Reporting Person's prior equity awards covered an aggregate of 171 Class A ordinary shares, of which awards covering 114 shares had vested but remained unsettled and unissued, and awards covering 57 shares remained unvested and unissued.

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/ Xiufang 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)