Cheche Group (CCG) Director Li Liqun Cancels Shares for $10,000

What Happened

• Li Liqun, a director of Cheche Group Inc. (CCG), reported dispositions to the issuer on 2026-09-23 totaling 171 Class A ordinary shares: 156 vested/issued shares and 15 unvested/unissued shares. The Form 4 lists the per-share price as $0.00 because the shares were canceled and surrendered to the company.
• Footnote disclosure states the reported securities were canceled in exchange for an aggregate cash settlement of US$10,000. The settlement was negotiated as a single amount for the prior equity compensation arrangements and was not allocated on a per-share basis.
• This transaction reflects the replacement/cash-out of prior equity awards (which had been adjusted after a 35-for-1 share consolidation effective July 20, 2026) rather than an open-market sale or purchase.

Key Details

• Transaction date: 2026-09-23
• Reported dispositions: 156 shares @ $0.00 and 15 shares @ $0.00 (total 171 shares); aggregate cash settlement = $10,000 (per footnote)
• Share consolidation: 35-for-1 consolidation effective July 20, 2026 (prior awards adjusted to 171 shares total)
• Shares owned after transaction: The filing shows the reported award shares were canceled; the Form 4 does not disclose other unrelated holdings by the reporting person
• Filing timeliness: Report filed same day (no late filing noted)
• Notes: Cash settlement was for the aggregate awards, not a per-share price

Context

• These were equity compensation awards (adjusted after a share consolidation) that were replaced with a cash payment. That is a contractual settlement of awards rather than a market trade; the Form 4 shows $0 per share because the consideration was recorded as an aggregate cash settlement.
• Such cancellations/settlements are typically administrative or contractual and do not necessarily indicate the insider's view of the stock; purchases usually provide stronger signals of insider confidence.