Cango (NYSE: CANG) CFO details stock option holdings in Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Cango Inc. filed an initial ownership report showing that Chief Financial Officer Zhang Yongyi holds multiple stock option awards over Class A ordinary shares. These options give him the right to buy shares at preset exercise prices.
The holdings include stock options over 420,000 underlying shares at an exercise price of $0.0001 per share and several grants at an exercise price of $0.2951 per share with expirations between 2028 and 2031. Footnotes describe vesting schedules, including options vesting from October 31, 2026 and earlier grants where portions vested between May 25, 2020 and May 25, 2022, with some of those earlier options already exercised and sold.
Positive
- None.
Negative
- None.
Insider Trade Summary
11 transactions reported
Mixed
11 txns
Insider
Zhang Yongyi
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 420,000 shares (Direct)
Footnotes (1)
- 25% of the stock options shall be vested and exercisable on October 31, 2026, and the remaining 75% of the stock options shall be vested and exercisable in 36 equal monthly installments, commencing November 30, 2026, on the last day of each month. The expiration date shall be three years after each installment's exercisable date. 100,000 stock options vested and became exercisable on May 25, 2020, 50,000 stock options vested and became exercisable on May 25, 2021 and 50,000 stock options vested and became exercisable on May 25, 2022. Among the 200,000 stock options granted, 54,728 stock options were exercised and sold.
FAQ
What does Cango (CANG) CFO Zhang Yongyi report in this Form 3?
The Form 3 shows Cango CFO Zhang Yongyi’s existing stock option holdings over Class A ordinary shares. It lists multiple option grants, their exercise prices, vesting schedules, and expiration dates, providing a baseline of his derivative ownership when he became a reporting insider.
How many Cango stock options does the CFO hold at a $0.0001 exercise price?
Zhang Yongyi holds stock options over 420,000 underlying Class A ordinary shares at an exercise price of $0.0001 per share. These very low-price options represent a significant potential equity position if exercised, as detailed in the derivative holdings summary.
What other key Cango stock option exercise price is disclosed for the CFO?
Beyond the $0.0001 options, the Form 3 shows several stock option grants with an exercise price of $0.2951 per share. These grants cover multiple blocks of underlying Class A ordinary shares and have staggered vesting and expiration dates extending through 2031.
When do Cango CFO Zhang Yongyi’s reported stock options expire?
The reported options have various expiration dates, including May 24, 2028, February 14, 2029, October 14, 2030, and April 30, 2031. Some options tied to each vesting installment expire three years after becoming exercisable, as described in the footnotes.
What vesting terms are described for Cango CFO’s stock options?
One grant vests 25% on October 31, 2026, with the remaining 75% in 36 equal monthly installments starting November 30, 2026. Another grant had 100,000 options vest in 2020 and 50,000 each in 2021 and 2022, with 54,728 of those already exercised and sold.