The views show the northern and southern hemispheres of Pan, at left and right, respectively. Both views look toward Pan's trailing side, which is the side opposite the moon's direction of motion as it orbits Saturn.

Cassini imaging scientists think that Pan formed within Saturn's rings, with ring material accreting onto it and forming the rounded shape of its central mass, when the outer part of the ring system was quite young and the ring system was vertically thicker. Thus, Pan probably has a core of icy material that is denser than the softer mantle around it.

The distinctive, thin ridge around Pan's equator is thought to have come after the moon formed and had cleared the gap in the rings in which it resides today. At that point the ring was as thin as it is today, yet there was still ring material accreting onto Pan.