Lion Group director reports 4.5M Class B stake

Lion Group Holding Ltd director and president Zhang Yan has filed an initial ownership report showing a significant equity position.

Rhea-AI Filing Summary

Lion Group Holding Ltd director and president Zhang Yan has filed an initial ownership report showing a significant equity position. The Form 3 indicates direct beneficial ownership of 4,500,000 Class B ordinary shares as of the reported date. This filing records existing holdings and does not reflect a new purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Zhang Yan

Role Director (Class I) & President

Type	Security	Shares	Price	Value
holding	Class B ordinary shares	--	--	--

Holdings After Transaction: Class B ordinary shares — 4,500,000 shares (Direct)

Key Figures

Class B shares held: 4,500,000 shares Holding entry count: 1 holding entry Buy transactions: 0 transactions +1 more

4 metrics

Class B shares held 4,500,000 shares Direct beneficial ownership reported on Form 3

Holding entry count 1 holding entry Non-transactional ownership record in Form 3

Buy transactions 0 transactions No purchases reported in transaction summary

Sell transactions 0 transactions No sales reported in transaction summary

Key Terms

Form 3, Class B ordinary shares, beneficial ownership, direct ownership

4 terms

Form 3 regulatory

"Zhang Yan has filed an initial ownership report showing a significant equity position."

Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.

Class B ordinary shares financial

"The Form 3 indicates direct beneficial ownership of 4,500,000 Class B ordinary shares"

Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.

beneficial ownership financial

"The Form 3 indicates direct beneficial ownership of 4,500,000 Class B ordinary shares"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

direct ownership financial

"The Form 3 characterizes the 4,500,000 Class B ordinary shares as held directly by Zhang Yan."

FAQ

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

What does Zhang Yan's Form 3 filing for LGHL report?

The Form 3 filing shows that Zhang Yan holds 4,500,000 Class B ordinary shares of Lion Group Holding Ltd. This is an initial ownership statement, documenting existing holdings rather than reporting a new transaction or change in position.

What is Zhang Yan's role at Lion Group Holding Ltd (LGHL)?

Zhang Yan is reported as a Director (Class I) and President of Lion Group Holding Ltd. This dual role means Zhang participates in both board-level governance and day-to-day executive management for the company.

Are there any buy or sell transactions in this LGHL Form 3?

No, the Form 3 indicates no buy or sell transactions. It records a holding entry only, reflecting Zhang Yan’s existing ownership of 4,500,000 Class B ordinary shares, without reporting any recent acquisitions or dispositions.

Is Zhang Yan reported as a 10% owner of Lion Group (LGHL)?

The filing shows Zhang Yan is not flagged as a 10% owner. The report focuses on his status as a Director (Class I) and President and his direct holding of 4,500,000 Class B ordinary shares.

How are the LGHL shares in Zhang Yan's Form 3 held?

The Form 3 characterizes the 4,500,000 Class B ordinary shares as held directly by Zhang Yan. The ownership code is listed as direct, and no indirect entities or special ownership structures are disclosed in the provided data.

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

Understanding Insider Trading Forms →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 04/02/2026 - 02:39 PM EDT Learn about SEC filing dates

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Zhang Yan

(Last) (First) (Middle)

10 UBI CRESCENT

(Street)

SINGAPORE 408574

(City) (State) (Zip)

HONG KONG

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Lion Group Holding Ltd [ LGHL ]

3a. Foreign Trading Symbol

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

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Director (Class I) & President

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

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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class B ordinary shares	4,500,000	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

No derivative securities beneficially owned directly or indirectly.

	/s/ Yan Zhang	04/02/2026
	** 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 5 (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 3: SEC 1473 (03-26)