Agora CRO Tony Wang reports initial holdings

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.

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.

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 contracts (Direct); ADS — 334,090 shares (Direct)

Footnotes (2)

1. F1. One ADS represents four Class A Ordinary Shares.
2. F2. 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/01/2026 - 09:55 PM Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED 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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Revenue Officer of Agora

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)	334,090	D

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 Exercisable	Expiration Date	Title	Amount or Number of Shares
Incentive Stock Option (Right to Buy)	(2)	09/04/2034	ADSs	1,200,000	$4	D

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 TONY	04/01/2026
	** Signature of Reporting Person	Date
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)