<SEC-DOCUMENT>0001104659-26-030653.txt : 20260318
<SEC-HEADER>0001104659-26-030653.hdr.sgml : 20260318
<ACCEPTANCE-DATETIME>20260318141543
ACCESSION NUMBER:		0001104659-26-030653
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20260318
FILED AS OF DATE:		20260318
DATE AS OF CHANGE:		20260318

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Zhang Yongyi
		CENTRAL INDEX KEY:			0001984135
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38590
		FILM NUMBER:		26767972

	MAIL ADDRESS:	
		STREET 1:		8F, NEW BUND ORIENTAL PLAZA II
		STREET 2:		556 WEST HAIYANG ROAD, PUDONG
		CITY:			SHANGHAI
		STATE:			F4
		ZIP:			200124

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Cango Inc.
		CENTRAL INDEX KEY:			0001725123
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		ORGANIZATION NAME:           	06 Technology
		EIN:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		ROOM 2605, HARBOUR CENTRE
		STREET 2:		25 HARBOUR ROAD
		CITY:			HONG KONG
		PROVINCE COUNTRY:   	K3
		ZIP:			000
		BUSINESS PHONE:		86-21-3183-0016

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		ROOM 2605, HARBOUR CENTRE
		STREET 2:		25 HARBOUR ROAD
		CITY:			HONG KONG
		PROVINCE COUNTRY:   	K3
		ZIP:			000
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>tm268930-5_3seq1.xml
<DESCRIPTION>OWNERSHIP DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0607</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2026-03-18</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001725123</issuerCik>
        <issuerName>Cango Inc.</issuerName>
        <issuerTradingSymbol>CANG</issuerTradingSymbol>
        <issuerForeignTradingSymbol></issuerForeignTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001984135</rptOwnerCik>
            <rptOwnerName>Zhang Yongyi</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>3131 MCKINNEY AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>DALLAS</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>75204</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chief Financial Officer</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0.0001</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F2"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A ordinary share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>420000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0.2951</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F3"/>
            </exerciseDate>
            <expirationDate>
                <value>2028-05-24</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A ordinary share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>145272</value>
                    <footnoteId id="F3"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0.2951</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2021-02-15</value>
            </exerciseDate>
            <expirationDate>
                <value>2029-02-14</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A ordinary share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>83400</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0.2951</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2022-02-15</value>
            </exerciseDate>
            <expirationDate>
                <value>2029-02-14</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A ordinary share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>41700</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0.2951</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2023-02-15</value>
            </exerciseDate>
            <expirationDate>
                <value>2029-02-14</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A ordinary share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>41702</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0.2951</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2022-10-15</value>
            </exerciseDate>
            <expirationDate>
                <value>2030-10-14</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A ordinary share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>58636</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0.2951</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2023-10-15</value>
            </exerciseDate>
            <expirationDate>
                <value>2030-10-14</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A ordinary share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>29318</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0.2951</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2024-10-15</value>
            </exerciseDate>
            <expirationDate>
                <value>2030-10-14</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A ordinary share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>29320</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0.2951</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2023-05-01</value>
            </exerciseDate>
            <expirationDate>
                <value>2031-04-30</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A ordinary share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>63528</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0.2951</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2024-05-01</value>
            </exerciseDate>
            <expirationDate>
                <value>2031-04-30</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A ordinary share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>31764</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0.2951</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2025-05-01</value>
            </exerciseDate>
            <expirationDate>
                <value>2031-04-30</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A ordinary share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>31764</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">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.</footnote>
        <footnote id="F2">The expiration date shall be three years after each installment's exercisable date.</footnote>
        <footnote id="F3">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.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Yongyi Zhang</signatureName>
        <signatureDate>2026-03-18</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
