Chiu Chang-Wei - 18 Mar 2026 Form 3 Insider Report for Cango Inc. (CANG)

Role
Director
Signature
/s/ Chiu Chang-Wei
Issuer symbol
CANG
Transactions as of
18 Mar 2026
Net transactions value
$0
Form type
3
Filing time
18 Mar 2026, 16:11:01 UTC
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Chiu Chang-Wei Director 3131 MCKINNEY AVENUE, DALLAS /s/ Chiu Chang-Wei 18 Mar 2026 0002107789

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CANG Class A Ordinary Shares 47,250,392 18 Mar 2026 By Fortune Peak Limited F1
holding CANG Class A Ordinary Shares 1,952,116 18 Mar 2026 By Evermo Limited

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding CANG Warrants to purchase Class A Ordinary Shares 18 Mar 2026 Class A Ordinary Shares 11,516,837 $0.000100 By Fortune Peak Limited F1, F2, F3
holding CANG Warrants to purchase Class A Ordinary Shares 18 Mar 2026 Class A Ordinary Shares 833,351 $0.000100 By Evermo Limited F2, F3
holding CANG Options (right to buy) 18 Mar 2026 Class A Ordinary Shares 320,000 $0.000100 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Chiu Chang-Wei disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F2 The warrants to purchase Class A Shares are exercisable upon certain events described in the on-rack sales and purchase agreement between Cango Inc. and certain sellers of on-rack crypto mining machines dated November 6, 2024 as amended, supplemented, modified and varied as of March 25, 2025, April 3, 2025, June 4, 2025 and June 23, 2025.
F3 Specifically, the warrants are exercisable, in whole or in part by the warrant holder, at any time or from time to time during the period commencing on the date when the Additional Issuance Condition is first satisfied (the "Exercise Start Date"), and ending on the date falling three (3) months after the Exercise Start Date. "Additional Issuance Condition" refers to the occurrence of first Test Period in which the market capitalization of the Issuer of each of the trading days during such Test Period, calculated by multiplying the per ordinary share price of the Purchaser implied by the daily VWAP of such trading day by the total number of outstanding shares of the Issuer at the close of market on such trading day, is at least US$1,825,000,000 (excluding any effect of future straight equity financing from and after the date hereof). "Test Period" means any consecutive 30-trading day period that commences after June 27, 2025 and ends prior to the date falling 30 months thereafter.
F4 25% of the options held by Mr. Chiu Chang-Wei will vest and become exercisable on October 31, 2026, and the remaining 75% will vest and become exercisable in 36 equal monthly installments on the last day of each month thereafter. Each tranche expires on the third anniversary of the date it becomes exercisable.