Agora, Inc. Chief Executive Officer and Director Zhao Bin filed a Form 4 on November 4, 2026, disclosing two open-market purchases of American Depositary Shares totaling 19,478 ADS on November 2 and November 3, 2026, executed through entity YY TZ Limited under a Rule 10b5-1 trading plan.

Key Highlights

  • First purchase: 9,478 ADS acquired on November 2, 2026, at a weighted average price of $4.3705, in multiple transactions ranging from $4.2800 to $4.4500 per ADS.
  • Second purchase: 10,000 ADS acquired on November 3, 2026, at a weighted average price of $4.1582, in multiple transactions ranging from $4.1200 to $4.2900 per ADS.
  • Post-transaction ADS holding: YY TZ Limited beneficially owned 2,272,884 ADS following the reported transactions, held indirectly by Zhao Bin.
  • Additional indirect holdings: Zhao Bin also beneficially owns 7,267,029 Class A Ordinary Shares (par value $0.0001) through YY TZ Limited and 76,179,938 Class B Ordinary Shares (par value $0.0001) through Much ado Limited.
  • 10b5-1 plan: According to the filing, the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by YY TZ Limited on June 15, 2026.
  • ADS ratio: The filing states that one ADS represents four Class A Ordinary Shares, par value $0.0001 per share.

Zhao Bin's ADS Purchases Through YY TZ Limited at Agora, Inc.

According to the Form 4 filed with the SEC, Zhao Bin, who serves as Chief Executive Officer and Director of Agora, Inc. (NASDAQ:API), reported two purchases of the company's American Depositary Shares on consecutive trading days. Both transactions were conducted indirectly through YY TZ Limited, an entity of which Zhao Bin is disclosed as the sole director. The filing states he holds discretionary authority to vote and dispose of shares held by YY TZ Limited in Agora, Inc.

On November 2, 2026, 9,478 ADS were acquired at a weighted average price of $4.3705, with individual transaction prices ranging from $4.2800 to $4.4500 per ADS inclusive. On November 3, 2026, an additional 10,000 ADS were acquired at a weighted average price of $4.1582, with prices ranging from $4.1200 to $4.2900 per ADS inclusive. Following both transactions, YY TZ Limited held 2,272,884 ADS indirectly attributed to Zhao Bin.

The filing also discloses 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 the sole director. The filing notes that all reported transactions were made pursuant to a Rule 10b5-1 trading plan adopted by YY TZ Limited on June 15, 2026. The reporting person has agreed to provide full per-price transaction details upon request to the issuer, any security holder, or SEC staff.

What Was Disclosed

Zhao Bin, CEO and Director of Agora, Inc., disclosed two ADS purchases totaling 19,478 shares conducted on November 2 and November 3, 2026, through YY TZ Limited under a pre-established Rule 10b5-1 plan, bringing that entity's ADS holdings to 2,272,884.