Cheche Group (CCG) Director Rong Shengwen Surrenders 342 Shares for $20k

What Happened
Rong Shengwen, a director of Cheche Group Inc. (CCG), disposed of an aggregate of 342 Class A ordinary shares to the issuer on 2026-09-23. The Form 4 shows two dispositions: 312 shares (vested and issued) and 30 shares (unvested/unissued) reported at $0.00 per share because they were cancelled/surrendered to the company. Per the filing footnote, the company replaced the reporting person's prior equity compensation arrangements with an aggregate cash settlement of US$20,000.

Key Details

• Transaction date: 2026-09-23
• Reported disposition amounts: 312 shares (vested/issued) and 30 shares (unvested/unissued) — total 342 shares
• Reported per-share price on Form 4: $0.00 (disposition to issuer)
• Aggregate cash consideration: US$20,000 (negotiated as an overall settlement, not a per-share price) — footnote F2
• Footnote F1: reflects 35-for-1 share consolidation earlier in 2026; prior awards adjusted to cover 342 shares (312 vested/issued, 30 unvested/unissued) before these transactions
• Shares owned after transaction: the filing shows the reported awards were cancelled; it does not itemize any other remaining holdings by the reporting person
• Filing timeliness: Form filed on 2026-09-23 (same day as reported transactions), indicating timely reporting

Context
This was not an open-market sale but a surrender/cancellation of equity awards in exchange for a negotiated cash settlement. Such transactions typically reflect compensation restructuring or settlement of awards and do not, by themselves, indicate the insider’s view on the company’s stock.