Eric He details ADS, option and RSU stakes at Agora (API)

Rhea-AI Filing Summary

Agora, Inc. director Eric He has filed an initial ownership report showing his current equity interests in the company. He reports stock options covering 30,000 ADSs with a $0.4000 exercise price, expiring on June 16, 2030. These options were granted on June 17, 2020 and fully vested by June 30, 2024. He also holds RSUs representing 31,825 ADSs, which are scheduled to vest in equal monthly installments from April 1, 2026 through July 1, 2028. In addition, He directly owns 78,206 ADSs. One ADS represents four Class A ordinary shares, so these positions give him a meaningful personal stake in Agora’s performance, combining current share ownership with both fully vested options and future-vesting RSUs.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider He Eric

Role Director

Type	Security	Shares	Price	Value
holding	Stock Option (Right to Buy)	--	--	--
holding	RSU (Restricted Stock Unit)	--	--	--
holding	ADS	--	--	--

Holdings After Transaction: Stock Option (Right to Buy) — 30,000 shares (Direct); RSU (Restricted Stock Unit) — 31,825 shares (Direct); ADS — 78,206 shares (Direct)

Footnotes (3)

1. F1. One ADS represents four Class A Ordinary Shares
2. F2. The Options were granted on June 17, 2020. Twenty-five percent of the Options have vested on June 30, 2021, and the remaining have vested equally each month thereafter in thirty-six consecutive months with the last vesting on June 30, 2024.
3. F3. The RSUs shall vest equally each month from April 1, 2026 until July 1, 2028.

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Accepted by SEC EDGAR 03/17/2026 - 09:55 PM Learn about SEC filing dates

FAQ

What does Agora (API) director Eric He report in his Form 3 filing?

Eric He reports his existing equity stakes in Agora, Inc., including ADSs, stock options, and RSUs. This Form 3 does not show new trades, only his current holdings and vesting schedules for these awards.

How many Agora (API) ADSs does Eric He directly own?

Eric He directly owns 78,206 ADSs of Agora, Inc. This represents his current share position separate from any options or RSUs and reflects his direct economic interest in the company’s American depositary shares.

What stock options in Agora (API) does Eric He hold?

He holds options linked to 30,000 ADSs with a $0.4000 exercise price, expiring on June 16, 2030. Granted in 2020, these options fully vested by June 30, 2024, giving him flexibility to exercise through the expiration date.

What RSU awards in Agora (API) are reported by Eric He?

He reports RSUs representing 31,825 ADSs. These restricted stock units are scheduled to vest in equal monthly installments from April 1, 2026 through July 1, 2028, creating a staggered, time-based increase in his share ownership.

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

One Agora ADS represents four Class A ordinary shares. This ratio, noted in the filing’s footnotes, defines how the reported ADS holdings, options, and RSUs translate into the underlying Class A ordinary share equivalents.

Does Eric He’s Form 3 for Agora (API) show any recent share purchases or sales?

The Form 3 does not show recent purchases or sales. It lists existing holdings in ADSs, stock options, and RSUs, focusing on grant terms, vesting schedules, and expiration dates rather than new market transactions.

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^*

He Eric

(Last) (First) (Middle)

66 LANE, 411 SEC 1 NEI HU ROAD

(Street)

TAIPEI F5 114

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/17/2026

3. Issuer Name and Ticker or Trading Symbol
Agora, Inc. [ API ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

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)	78,206	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
Stock Option (Right to Buy)	06/30/2024(2)	06/16/2030	ADSs	30,000	$0.4	D
RSU (Restricted Stock Unit)	(3)	11/16/2035	ADSs	31,825	$0	D

Explanation of Responses:

1. One ADS represents four Class A Ordinary Shares

2. The Options were granted on June 17, 2020. Twenty-five percent of the Options have vested on June 30, 2021, and the remaining have vested equally each month thereafter in thirty-six consecutive months with the last vesting on June 30, 2024.

3. The RSUs shall vest equally each month from April 1, 2026 until July 1, 2028.

	He Eric	03/17/2026
	** 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.