Agora, Inc. Chief Executive Officer and Director Zhao Bin filed a Form 4 on November 12, 2026, disclosing three open-market purchases of American Depositary Shares totaling 27,144 ADS made between November 9 and November 11, 2026, through entity YY TZ Limited pursuant to a Rule 10b5-1 trading plan.

Key Highlights

  • Three purchases over three days: Zhao Bin, through YY TZ Limited, acquired 9,464 ADS on November 9, 9,260 ADS on November 10, and 8,420 ADS on November 11, 2026.
  • Weighted average prices: The purchases were executed at weighted average prices of $4.2855, $4.2994, and $4.3303 per ADS, respectively, across those three dates.
  • 10b5-1 plan: According to the filing, all transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by YY TZ Limited on June 15, 2026.
  • Post-transaction ADS holding: Following the November 11 purchase, YY TZ Limited beneficially owned 2,328,693 ADS indirectly by Zhao Bin.
  • Additional indirect holdings: The filing also reports 7,267,029 Class A Ordinary Shares held indirectly via YY TZ Limited and 76,179,938 Class B Ordinary Shares held indirectly via Much ado Limited.
  • Dual roles: Zhao Bin is identified as both a Director and Chief Executive Officer of Agora, Inc. (NASDAQ:API).

Zhao Bin's ADS Purchases Through YY TZ Limited Across Three Consecutive Trading Days

According to the Form 4 filed with the SEC on November 12, 2026, Zhao Bin, in his capacity as sole director of YY TZ Limited, acquired a combined 27,144 American Depositary Shares of Agora, Inc. over three consecutive trading days. The filing notes that one ADS represents four Class A Ordinary Shares, par value $0.0001 per share. Each day's reported price represents a weighted average, as the ADS were purchased in multiple transactions within stated price ranges: $4.2300 to $4.3600 on November 9, $4.2600 to $4.3400 on November 10, and $4.2700 to $4.3700 on November 11.

The filing states that all three purchases were made pursuant to a Rule 10b5-1 trading plan that YY TZ Limited adopted on June 15, 2026. The Form 4 is marked with the checkbox indicating the transactions were made under such a plan. Zhao Bin is described as the sole director of YY TZ Limited and, as such, holds discretionary authority to vote and dispose of the shares that entity holds in Agora, Inc.

Beyond the ADS transactions, the filing discloses that Zhao Bin also indirectly beneficially owns 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 the sole director with the same discretionary authority. No transactions in those share classes were reported for the period covered by this filing.

What Was Disclosed

Zhao Bin, CEO and Director of Agora, Inc. (NASDAQ:API), reported three Rule 10b5-1 plan purchases of ADS totaling 27,144 shares through YY TZ Limited between November 9 and November 11, 2026, bringing that entity's ADS holding to 2,328,693.