Cheche Group (CCG) Director Li Xiufang Surrenders 171 Shares

What Happened Li Xiufang, a director of Cheche Group Inc. (CCG), effected a disposition to the issuer on 2026-09-23, surrendering 171 Class A ordinary shares that were previously covered by equity awards. The Form 4 reports the shares at $0.00 per share (canceled), and the company and reporting person agreed to an aggregate cash settlement of US$10,000 for those awards.

Key Details

• Transaction date: 2026-09-23 (reported on Form 4 filed the same day).
• Transaction type: Disposition to issuer (surrender/cancellation of equity awards).
• Shares affected: 171 Class A ordinary shares (114 vested but unsettled/unissued; 57 unvested and unissued per footnote).
• Reported per-share price: $0.00 on the Form 4 (shares were canceled). Aggregate settlement: US$10,000 (not allocated on a per-share basis).
• Shares owned after transaction: The reported awards covering these 171 shares were canceled and settled for cash; no shares were issued in connection with these awards.
• Filing timeliness: Filed on the same date as the transaction (not reported late).

Context This was not an open-market sale but a cancellation/surrender of previously granted equity awards in exchange for a negotiated cash payment. Such transactions typically reflect disposition or settlement of compensation awards rather than an executive directional bet on the stock; the Form 4 notes the settlement was negotiated as an aggregate amount, not on a per-share basis.