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Agora (API) CRO Tony Wang discloses ADS options and shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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

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Negative

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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)
  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.
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
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"
SEC Form 3
FORM 3UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0104
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
Wang Hua Tony

(Last)(First)(Middle)
2804 MISSION COLLEGE BLVD.

(Street)
SANTA CLARA CALIFORNIA 95054

(City)(State)(Zip)

UNITED STATES

(Country)
2. Date of Event Requiring Statement (Month/Day/Year)
04/01/2026
3. Issuer Name and Ticker or Trading Symbol
Agora, Inc. [ API ]
3a. Foreign Trading Symbol
5. If Amendment, Date of Original Filed (Month/Day/Year)
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Revenue Officer of Agora
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
ADS(1)334,090D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year)3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Incentive Stock Option (Right to Buy) (2)09/04/2034ADSs1,200,000$4D
Explanation of Responses:
1. One ADS represents four Class A Ordinary Shares.
2. 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.
WANG HUA TONY04/01/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

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.

What is the ADS to ordinary share ratio mentioned in the Agora (API) filing?

The filing states that one Agora ADS represents four Class A ordinary shares. This ratio links the ADSs traded in international markets to the underlying ordinary shares issued by Agora, helping investors understand the economic interest each ADS conveys.