Agora (API) CRO Tony Wang discloses ADS options and shares
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Agora, Inc. director and Chief Revenue Officer Wang Hua Tony filed an initial ownership report showing both option and share holdings in the company’s ADSs. This filing does not show any new purchases or sales, only current positions.
He holds an Incentive Stock Option covering 1,200,000 ADSs with a $4.00 exercise price, expiring on September 4, 2034. The option vests in three tranches of 400,000 ADSs each upon meeting separate performance goals. He also holds 334,090 ADSs directly. One ADS represents four Class A ordinary shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Wang Hua Tony
Role
Chief Revenue Officer of Agora
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Incentive Stock Option (Right to Buy) | -- | -- | -- |
| holding | ADS | -- | -- | -- |
Holdings After Transaction:
Incentive Stock Option (Right to Buy) — 1,200,000 shares (Direct);
ADS — 334,090 shares (Direct)
Footnotes (1)
- One ADS represents four Class A Ordinary Shares. The Options were granted on September 4, 2024, with the following vesting conditions: 400,000 ADSs subject to the Options shall vest upon meeting or exceeding the first Performance Goal, another 400,000 ADSs subject to the Options shall vest upon meeting or exceeding the second Performance Goal, and the remaining 400,000 ADSs subject to the Options shall vest upon meeting or exceeding the third Performance Goal.
Key Figures
Option underlying ADSs: 1,200,000 ADSs
Option exercise price: $4.00 per ADS
Option expiration: September 4, 2034
+3 more
6 metrics
Option underlying ADSs
1,200,000 ADSs
Incentive Stock Option position reported on Form 3
Option exercise price
$4.00 per ADS
Exercise price for Incentive Stock Option
Option expiration
September 4, 2034
Expiration date of Incentive Stock Option
Direct ADS holdings
334,090 ADSs
Total ADSs held directly after reporting
ADS ratio
1 ADS : 4 Class A shares
Relationship between ADSs and ordinary shares
Performance tranches
3 × 400,000 ADSs
Three performance-based vesting tranches of the option
Key Terms
Incentive Stock Option (Right to Buy), ADSs, Performance Goal
3 terms
Incentive Stock Option (Right to Buy) financial
"He holds an Incentive Stock Option covering 1,200,000 ADSs"
ADSs financial
"He also holds 334,090 ADSs directly. One ADS represents"
Performance Goal financial
"400,000 ADSs shall vest upon meeting or exceeding the first Performance Goal"
FAQ
What does Agora (API) executive Tony Wang report in this Form 3?
Tony Wang reports his initial ownership in Agora, Inc., including options over 1,200,000 ADSs at a $4.00 exercise price and 334,090 ADSs held directly. The filing records existing holdings and does not show any new share purchases or sales.
How many ADSs are covered by Tony Wang’s incentive stock options at Agora (API)?
Tony Wang holds an Incentive Stock Option over 1,200,000 ADSs at a $4.00 exercise price. The option expires on September 4, 2034 and is tied to performance goals, with vesting split into three tranches of 400,000 ADSs each.
What are the vesting conditions for Tony Wang’s Agora (API) stock options?
The options vest in three equal tranches of 400,000 ADSs each. Each tranche vests upon meeting or exceeding a separate performance goal, linking Tony Wang’s equity compensation to Agora’s operational or financial performance milestones as defined by the company.
How many Agora (API) ADSs does Tony Wang hold directly after this filing?
After this filing, Tony Wang reports direct ownership of 334,090 ADSs of Agora, Inc. This is separate from his 1,200,000 ADSs underlying incentive stock options and reflects his current direct ADS position as of the Form 3 reporting date.