Agora CFO Wang Jingbo files initial ownership
Agora, Inc. CFO Wang Jingbo reported her initial ownership of company securities.
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Form Type
3
Rhea-AI Filing Summary
Agora, Inc. CFO Wang Jingbo reported her initial ownership of company securities. She directly holds 345,547 ADSs and derivative awards covering additional ADSs. These include an option over 514,250 ADSs at an exercise price of $0.40 per ADS expiring in 2030, an incentive stock option over 450,000 ADSs at $4.50 per ADS expiring in 2035, and 450,000 RSUs that vest based on service and ADS price hurdles of $6.00, $10.00, and $15.00 after September 4, 2028.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Wang Jingbo
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Option (Right to buy) | -- | -- | -- |
| holding | Incentive Stock Option (Right to Buy) | -- | -- | -- |
| holding | RSU (Restricted Stock Unit) | -- | -- | -- |
| holding | ADS | -- | -- | -- |
Holdings After Transaction:
Option (Right to buy) — 514,250 contracts (Direct);
Incentive Stock Option (Right to Buy) — 450,000 contracts (Direct);
RSU (Restricted Stock Unit) — 450,000 contracts (Direct);
ADS — 345,547 shares (Direct)
Footnotes (4)
- F1. One ADS represents four Class A Ordinary Shares.
- F2. The Options were granted on January 19, 2020 with the last vesting on November 23, 2024.
- F3. Fifty percent of the Shares subject to the Option shall vest on September 4, 2028, and the remaining Shares shall vest equally on the Vesting Commencement Date of each month thereafter (or the last day of the month should there's no corresponding date in such month) in thirty-six consecutive months.
- F4. One third of the RSUs shall vest immediately upon the later of (i) on September 4, 2028, or (ii) the average closing price of the Company's ADSs during any twenty consecutive trading days is not less than US$6.00. Another one third of the RSUs subject to this Award shall vest immediately upon the later of (i) on September 4, 2028, or (ii) the average closing price of the Company's ADSs during any twenty consecutive trading days is not less than US$10.00; and the remaining one third of the RSUs subject to this Award shall vest immediately upon the later of (i) on September 4, 2028, or (ii) the average closing price of the Company's ADSs during any previous twenty consecutive trading days is not less than US$15.00.
Key Figures
Direct ADS holdings: 345,547 ADSs
Option at $0.40: 514,250 ADSs at $0.40
Incentive option at $4.50: 450,000 ADSs at $4.50
+5 more
8 metrics
Direct ADS holdings
345,547 ADSs
Directly held by CFO Wang Jingbo
Option at $0.40
514,250 ADSs at $0.40
Exercise price; option expires January 18, 2030
Incentive option at $4.50
450,000 ADSs at $4.50
Exercise price; option expires September 3, 2035
RSU award size
450,000 ADSs
Underlying ADSs for RSU grant expiring September 3, 2035
First RSU price hurdle
$6.00 ADS price
20-day average price condition for first third of RSUs
Second RSU price hurdle
$10.00 ADS price
20-day average price condition for second third of RSUs
Third RSU price hurdle
$15.00 ADS price
20-day average price condition for final third of RSUs
Common vesting date reference
September 4, 2028
Key service date referenced in option and RSU vesting
Key Terms
ADS, Incentive Stock Option, RSU (Restricted Stock Unit), vesting, +1 more
5 terms
ADS financial
"One ADS represents four Class A Ordinary Shares."
Ads are paid promotional messages a company places across media — online, on TV, in print, or on social platforms — to attract customers, explain products, or shape public perception. For investors, ads matter because they drive sales growth, affect how much a company must spend to win customers, and influence brand strength and long-term value. Ads can also create regulatory or reputational risk if claims are misleading, which can affect profits and stock price.
Incentive Stock Option financial
"Incentive Stock Option (Right to Buy) with exercise price of 4.5000."
An incentive stock option is a type of employee benefit that gives a worker the right to buy company shares at a fixed price, with special tax advantages if the employee holds the shares for a required period. Think of it as a coupon to buy future shares at today’s price that can result in lower tax on the gain. Investors care because ISOs can dilute share count, align staff incentives with the stock price, and affect company compensation costs and the timing of potential share sales.
RSU (Restricted Stock Unit) financial
"RSU (Restricted Stock Unit) with underlying security title ADSs."
vesting financial
"Fifty percent of the Shares subject to the Option shall vest on September 4, 2028."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
average closing price financial
"the average closing price of the Company's ADSs during any twenty consecutive trading days is not less than US$6.00."
The average closing price is the arithmetic mean of a security’s end-of-day prices over a chosen period, found by adding each day’s closing price and dividing by the number of days. It smooths out daily ups and downs to show a typical market value—like averaging daily temperatures to understand a month’s climate—and helps investors spot trends, judge whether a stock is generally rising or falling, and make clearer buy or sell decisions.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Agora (API) CFO Wang Jingbo report on this Form 3?
The filing reports Wang Jingbo’s initial ownership in Agora, Inc., including direct ADS holdings and various option and RSU awards. It establishes her baseline equity position as CFO, rather than showing any new purchases or sales of shares.
How many Agora (API) ADSs does the CFO hold directly?
Wang Jingbo directly holds 345,547 ADSs of Agora, Inc. These are separate from her option and RSU awards, which represent additional potential ADSs she may acquire in the future if vesting and exercise conditions are met.
What stock options does the Agora (API) CFO hold according to the Form 3?
She holds an option over 514,250 ADSs at an exercise price of $0.40 per ADS expiring in 2030, and an incentive stock option over 450,000 ADSs at $4.50 per ADS expiring in 2035, both reported as direct holdings.
What RSU awards for Agora (API) ADSs are reported for the CFO?
The filing shows 450,000 RSUs tied to Agora ADSs. These RSUs vest in three equal tranches based on time and share price performance, with price hurdles of $6.00, $10.00, and $15.00 after September 4, 2028.
How do the RSU vesting conditions work for Agora (API) CFO’s award?
One third of the RSUs vests once it is on or after September 4, 2028 and the 20-day average ADS price reaches $6.00. Two further one-third tranches vest on or after that date at $10.00 and $15.00 average prices.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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