Agora, Inc. Chief Executive Officer and Director Zhao Bin filed a Form 4 on October 26, 2026, reporting two open-market purchases of American Depositary Shares made on October 23 and October 26, 2026, under a pre-established Rule 10b5-1 trading plan.

Key Highlights

  • First purchase: 9,906 ADSs acquired on October 23, 2026, at a weighted average price of $4.4153 per ADS, with individual transaction prices ranging from $4.3600 to $4.4600.
  • Second purchase: 7,692 ADSs acquired on October 26, 2026, at a weighted average price of $4.4651 per ADS, with individual transaction prices ranging from $4.3800 to $4.5000.
  • Combined purchases: 17,598 ADSs acquired across both transactions, all held indirectly through YY TZ Limited.
  • Post-transaction ADS holdings: 2,222,333 ADSs beneficially owned indirectly through YY TZ Limited following the October 26 transaction.
  • 10b5-1 plan: Both transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by YY TZ Limited on June 15, 2026.
  • Additional holdings: The filing also reports 7,267,029 Class A Ordinary Shares held indirectly through YY TZ Limited and 76,179,938 Class B Ordinary Shares held indirectly through Much ado Limited.

Zhao Bin's ADS Purchases at Agora via YY TZ Limited

According to the filing, Zhao Bin, who serves as both Chief Executive Officer and Director of Agora, Inc. (NASDAQ:API), purchased a combined 17,598 American Depositary Shares across two trading dates in late October 2026. The filing notes that one ADS represents four Class A Ordinary Shares with a par value of $0.0001 per share. All purchases were made indirectly through YY TZ Limited, an entity of which Zhao Bin is the sole director and over which he holds discretionary authority to vote and dispose of shares.

The filing states that both transactions were executed pursuant to a Rule 10b5-1 trading plan that YY TZ Limited adopted on June 15, 2026. The weighted average price for the October 23 purchase was $4.4153, covering multiple transactions at prices between $4.3600 and $4.4600. The October 26 purchase carried a weighted average price of $4.4651, with individual prices ranging from $4.3800 to $4.5000. The filing notes that Zhao Bin will provide full per-price transaction detail to the issuer, any security holder, or SEC staff upon request.

In addition to the ADS holdings, the filing discloses that Zhao Bin beneficially owns 7,267,029 Class A Ordinary Shares indirectly through YY TZ Limited and 76,179,938 Class B Ordinary Shares indirectly through Much ado Limited, an entity over which he is also sole director with discretionary voting and disposition authority.

What Was Disclosed

Zhao Bin's Form 4 reports two ADS purchases totaling 17,598 shares made on October 23 and October 26, 2026, under a Rule 10b5-1 plan, bringing his indirect ADS holdings through YY TZ Limited to 2,222,333 ADSs.