Agora, Inc. Chief Executive Officer and Director Zhao Bin filed a Form 4 on October 31, 2026, disclosing the purchase of 18,524 American Depositary Shares of Agora, Inc. (NASDAQ:API) on October 29 and October 30, 2026, through the entity YY TZ Limited under a Rule 10b5-1 trading plan.

Key Highlights

  • First purchase: 9,429 ADSs acquired on October 29, 2026, at a weighted average price of $4.4471 per ADS, in multiple transactions ranging from $4.4100 to $4.4800.
  • Second purchase: 9,095 ADSs acquired on October 30, 2026, at a weighted average price of $4.375 per ADS, in multiple transactions ranging from $4.3400 to $4.4000.
  • Post-transaction ADS holdings: Following both purchases, YY TZ Limited beneficially held 2,253,406 ADSs indirectly by Zhao Bin.
  • 10b5-1 plan: Both transactions were made pursuant to a Rule 10b5-1 trading plan adopted by YY TZ Limited on June 15, 2026.
  • Additional holdings reported: Zhao Bin also holds indirectly 7,267,029 Class A Ordinary Shares via YY TZ Limited and 76,179,938 Class B Ordinary Shares via Much ado Limited.
  • ADS conversion ratio: One ADS represents four Class A Ordinary Shares, par value $0.0001 per share, according to the filing.

Zhao Bin's ADS Purchases via YY TZ Limited Under 10b5-1 Plan

According to the filing, Zhao Bin, who serves as Chief Executive Officer and Director of Agora, Inc. (NASDAQ:API), reported two open-market purchases of American Depositary Shares executed through YY TZ Limited. On October 29, 2026, YY TZ Limited acquired 9,429 ADSs at a weighted average price of $4.4471, with individual transaction prices ranging from $4.4100 to $4.4800 inclusive. The following day, October 30, 2026, an additional 9,095 ADSs were acquired at a weighted average price of $4.375, with prices ranging from $4.3400 to $4.4000 inclusive.

The filing discloses that both transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by YY TZ Limited on June 15, 2026. Zhao Bin is identified as the sole director of YY TZ Limited and, as such, the filing states he "has discretionary authority to vote and dispose of the shares held by YY TZ Limited in Agora, Inc." Following the two reported purchases, Zhao Bin's indirect beneficial ownership of ADSs through YY TZ Limited stood at 2,253,406.

The filing also reports that Zhao Bin indirectly holds 7,267,029 Class A Ordinary Shares through YY TZ Limited and 76,179,938 Class B Ordinary Shares through Much ado Limited, of which he is also identified as sole director. The filing notes that the reporting person undertakes to provide full information regarding the number of ADSs purchased at each separate price within the disclosed ranges, upon request from the issuer, any security holder, or SEC staff.

What Was Disclosed

Agora, Inc. CEO and Director Zhao Bin filed a Form 4 reporting the indirect purchase of 18,524 ADSs across two trading days in late October 2026 through YY TZ Limited under a pre-established Rule 10b5-1 plan, along with his indirect holdings in Class A and Class B Ordinary Shares.