SEC FORM 3

SEC FORM 3SEC 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

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1. Name and Address of Reporting Person^*

Zhang Yongyi

(Last)

(First)

(Middle)

3131 MCKINNEY AVENUE

(Street)

DALLAS

TEXAS

75204

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

3. Issuer Name and Ticker or Trading Symbol
Cango Inc. [ CANG ]

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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Financial Officer

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)

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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	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)
Stock Option (right to buy)	⁽¹⁾	⁽²⁾	Class A ordinary share	420,000	$0.0001	D
Stock Option (right to buy)	⁽³⁾	05/24/2028	Class A ordinary share	145,272⁽³⁾	$0.2951	D
Stock Option (right to buy)	02/15/2021	02/14/2029	Class A ordinary share	83,400	$0.2951	D
Stock Option (right to buy)	02/15/2022	02/14/2029	Class A ordinary share	41,700	$0.2951	D
Stock Option (right to buy)	02/15/2023	02/14/2029	Class A ordinary share	41,702	$0.2951	D
Stock Option (right to buy)	10/15/2022	10/14/2030	Class A ordinary share	58,636	$0.2951	D
Stock Option (right to buy)	10/15/2023	10/14/2030	Class A ordinary share	29,318	$0.2951	D
Stock Option (right to buy)	10/15/2024	10/14/2030	Class A ordinary share	29,320	$0.2951	D
Stock Option (right to buy)	05/01/2023	04/30/2031	Class A ordinary share	63,528	$0.2951	D
Stock Option (right to buy)	05/01/2024	04/30/2031	Class A ordinary share	31,764	$0.2951	D
Stock Option (right to buy)	05/01/2025	04/30/2031	Class A ordinary share	31,764	$0.2951	D

Explanation of Responses:

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.

2. The expiration date shall be three years after each installment's exercisable date.

3. 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.

	/s/ Yongyi Zhang	03/18/2026
	** 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)

SEC Form 3 filed by new insider Zhang Yongyi