Lion Group (NASDAQ: LGHL) CEO discloses large Class B stake

Rhea-AI Filing Summary

Lion Group Holding Ltd director and CEO Wang Chunning filed an initial ownership report showing substantial Class B ordinary share holdings. He holds 798,112,875 Class B shares directly and 1,931,140 Class B shares indirectly through Legend Success Ventures Limited, where he is the sole shareholder and director with sole voting and dispositive control.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Wang Chunning

Role COB (Class II) and CEO

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

Holdings After Transaction: Class B ordinary shares — 798,112,875 shares (Direct); Class B ordinary shares — 1,931,140 shares (Indirect, See footnote)

Footnotes (1)

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Key Figures

Direct Class B holdings: 798,112,875 shares Indirect Class B holdings: 1,931,140 shares Holding entries reported: 2 entries +1 more

4 metrics

Direct Class B holdings 798,112,875 shares Total Class B ordinary shares held directly after reported holding

Indirect Class B holdings 1,931,140 shares Class B ordinary shares held indirectly via Legend Success Ventures Limited

Holding entries reported 2 entries Two Class B ordinary share holdings, one direct and one indirect

Unknown transaction records 2 records Transaction summary notes two holdings with unknown codes

Key Terms

Class B ordinary shares, indirect ownership, dispositive control

3 terms

Class B ordinary shares financial

"security_title: 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.

indirect ownership financial

"direct_or_indirect: I, nature_of_ownership: See footnote"

dispositive control financial

"has sole voting and dispositive control over such securities"

Understanding Insider Trading Forms →

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^*

Wang Chunning

(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	X	10% Owner
X	Officer (give title below)		Other (specify below)
	COB (Class II) and CEO

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	798,112,875	D
Class B ordinary shares	1,931,140	I	See footnote(1)

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:

1. Held via Legend Success Ventures Limited. Chunning Wang is the sole shareholder and sole director of Legend Success Ventures Limited, and has sole voting and dispositive control over such securities.

Remarks:

No derivative securities beneficially owned directly or indirectly.

	/s/ Chunning Wang	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)

FAQ

What does Lion Group (LGHL) CEO Wang Chunning report on this Form 3?

He reports his existing ownership of Lion Group Class B ordinary shares. The filing shows 798,112,875 shares held directly and 1,931,140 shares held indirectly through Legend Success Ventures Limited, establishing his beneficial ownership position as of the reported date.

How many Lion Group (LGHL) Class B shares does Wang Chunning hold directly?

He holds 798,112,875 Class B ordinary shares directly. This figure reflects his personal, direct ownership and is listed as total shares following the reported holding entry for direct ownership in the Form 3 insider data.

What is the indirect Lion Group (LGHL) shareholding via Legend Success Ventures Limited?

The Form 3 shows 1,931,140 Class B ordinary shares held indirectly via Legend Success Ventures Limited. A footnote explains Wang Chunning is the sole shareholder and director of that entity, with sole voting and dispositive control over these securities.

Does this Lion Group (LGHL) Form 3 show any recent insider buying or selling?

No specific buy or sell transactions are reported. The entries are labeled as holdings with unknown transaction codes, indicating this Form 3 serves as an initial statement of beneficial ownership rather than documenting new purchases or sales.

Why is Wang Chunning considered a 10% owner of Lion Group (LGHL)?

He is tagged as a ten percent owner because of his large beneficial stake in Class B ordinary shares. The combination of 798,112,875 directly held shares and 1,931,140 indirectly held shares through Legend Success Ventures Limited supports this classification in the insider data.