Cheche Group Inc. CEO and Director Zhang Lei filed a Form 4 on November 4, 2026, disclosing the acquisition of 250,000 Class B ordinary shares granted directly by the company on November 3, 2026, under its 2026 Equity Incentive Plan.

Key Highlights

  • Grant date: November 3, 2026, with 250,000 Class B ordinary shares acquired by Zhang Lei at a price of $0.0004 per share.
  • Aggregate subscription price: US$87.50, equal to the par value of the shares (par value stated as US$0.00035 per share).
  • Fully vested on grant date: According to the filing, the shares carried no vesting conditions or exercise requirement.
  • Post-transaction ownership: Zhang Lei directly holds 781,329 Class B ordinary shares following the reported transaction.
  • Prior share adjustment: The 531,329 Class B ordinary shares previously held reflect a 35-for-1 share consolidation that became effective on July 20, 2026.
  • Roles disclosed: Zhang Lei is identified in the filing as Director, 10% Owner, and Chief Executive Officer of Cheche Group Inc.

Zhang Lei's Share Grant From Cheche Group's 2026 Equity Incentive Plan

According to the Form 4 filed with the SEC on November 4, 2026, Cheche Group Inc. (NASDAQ:CCG) granted 250,000 Class B ordinary shares directly to Zhang Lei, the company's Chief Executive Officer and a Director, on November 3, 2026. The filing states the shares were issued pursuant to the company's 2026 Equity Incentive Plan and a Class B Ordinary Share Award and Subscription Agreement dated November 3, 2026. The transaction is coded as an acquisition (code "A") in Table I of the form.

The filing discloses that the shares were fully vested on the grant date, with no vesting conditions or exercise requirement. The aggregate subscription price paid was US$87.50, which the filing describes as equal to the par value of the 250,000 shares at US$0.00035 per share. The price per share listed in the transaction table is $0.0004.

Following the reported transaction, Zhang Lei directly beneficially owns 781,329 Class B ordinary shares, according to the filing. The filing explains that the 531,329 shares held before the grant reflect a prior adjustment to Zhang Lei's Class B ordinary shares in connection with a 35-for-1 share consolidation by Cheche Group Inc., which the filing states became effective on July 20, 2026. No derivative securities transactions were reported in Table II.

What Was Disclosed

Zhang Lei, CEO and Director of Cheche Group Inc., reported acquiring 250,000 Class B ordinary shares on November 3, 2026, at an aggregate cost of US$87.50 under the company's 2026 Equity Incentive Plan, bringing directly held beneficial ownership to 781,329 shares.