A Form 4 statement of changes in beneficial ownership was filed by Eric He, a director of Agora, Inc. (NASDAQ:API), reporting a transaction dated September 1, 2026, in which restricted stock units converted into American Depositary Shares.

Key Highlights

  • Reporting person: Eric He, identified as a director of Agora, Inc.
  • Transaction date: September 1, 2026, with transaction code M (conversion of derivative security).
  • Securities acquired: 1,591 ADSs acquired through the vesting of Restricted Stock Units, each ADS representing four Class A Ordinary Shares of the issuer.
  • Derivative price: The RSU conversion or exercise price is listed as $0, with an underlying price of $0 per the filing's Table II.
  • Post-transaction ADS ownership: 87,753 ADSs held directly following the reported transaction.
  • Remaining RSUs: 35,009 RSUs remain beneficially owned directly after the transaction, with an expiration date of November 16, 2035.

Agora Director's RSU Vesting Details and Resulting Ownership Position

According to the filing, Eric He, a director at Agora, Inc., reported the vesting of 1,591 Restricted Stock Units on September 1, 2026. Agora, Inc. is listed on NASDAQ:API and operates as a technology company that issues American Depositary Shares, with each ADS representing four Class A Ordinary Shares of the issuer. The transaction code recorded is M, indicating the conversion of a derivative security into underlying non-derivative shares.

The filing's Table II discloses that the RSUs carried a conversion or exercise price of $0 and an underlying derivative security price of $0, as stated in the document. The date exercisable for this tranche is listed as September 1, 2026, and the expiration date of the RSU grant is November 16, 2035, according to the filing. Each RSU, as explained in the filing's footnotes, "represents the contingent right to receive one ADS of the Issuer upon vesting."

Following the reported transaction, the filing discloses that Eric He directly holds 87,753 ADSs in total. Additionally, 35,009 RSUs remain outstanding and are directly beneficially owned by the reporting person, as recorded in Table II. The filing was submitted by one reporting person and indicates this was not an amendment to a prior Form 4.

What Was Disclosed

Eric He, a director of Agora, Inc., disclosed the vesting of 1,591 ADSs from RSUs on September 1, 2026, bringing his direct ADS holdings to 87,753. The conversion price of the RSUs is listed as $0 in the filing.