Agora director reports 92,072 ADS stake

Q: What does Steve Zhang report owning in Agora (API) on this Form 3?

Steve Zhang reports direct ownership of 92,072 American Depositary Shares (ADS) of Agora, Inc. This Form 3 serves as his initial ownership statement as a director, documenting his existing stake rather than reflecting a new transaction in the company’s securities.

Q: Is there any buy or sell transaction in this Agora (API) Form 3 filing?

No, this Form 3 does not disclose any share purchases or sales. It records Steve Zhang’s existing holdings of 92,072 ADS as of the reporting date, which is standard when someone becomes subject to insider reporting requirements as a director of the company.

Q: How many ordinary shares do Steve Zhang’s ADS represent at Agora (API)?

Each Agora ADS represents four Class A ordinary shares. Based on the footnote, Steve Zhang’s 92,072 ADS correspond to a larger underlying interest in Class A ordinary shares, though the filing focuses on ADS as the security being reported for ownership disclosure purposes.

Q: What role does Steve Zhang hold at Agora (API) in this ownership filing?

Steve Zhang is identified as a director of Agora, Inc. in the filing. Form 3 is required when someone first becomes a reporting insider, such as a director, so this document establishes his initial equity position as he assumes ongoing reporting obligations.

Q: Is Steve Zhang’s ownership in Agora (API) direct or indirect?

The filing classifies Steve Zhang’s 92,072 ADS as direct ownership. The ownership code is shown as “D,” and there is no indication that these shares are held through a trust, partnership, or other indirect entity on his behalf.

Agora, Inc. director Steve Zhang filed an initial ownership report showing that he directly holds 92,072 American Depositary Shares (ADS).

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

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Form Type

Rhea-AI Filing Summary

Agora, Inc. director Steve Zhang filed an initial ownership report showing that he directly holds 92,072 American Depositary Shares (ADS). Each ADS represents four Class A ordinary shares, so this filing simply records his starting equity stake rather than any new stock purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider ZHANG STEVE

Role Director

Type	Security	Shares	Price	Value
holding	ADS	--	--	--

Holdings After Transaction: ADS — 92,072 shares (Direct)

Footnotes (1)

F1. One ADS represents four Class A Ordinary Shares.

FAQ

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

What does Steve Zhang report owning in Agora (API) on this Form 3?

Steve Zhang reports direct ownership of 92,072 American Depositary Shares (ADS) of Agora, Inc. This Form 3 serves as his initial ownership statement as a director, documenting his existing stake rather than reflecting a new transaction in the company’s securities.

Is there any buy or sell transaction in this Agora (API) Form 3 filing?

No, this Form 3 does not disclose any share purchases or sales. It records Steve Zhang’s existing holdings of 92,072 ADS as of the reporting date, which is standard when someone becomes subject to insider reporting requirements as a director of the company.

How many ordinary shares do Steve Zhang’s ADS represent at Agora (API)?

Each Agora ADS represents four Class A ordinary shares. Based on the footnote, Steve Zhang’s 92,072 ADS correspond to a larger underlying interest in Class A ordinary shares, though the filing focuses on ADS as the security being reported for ownership disclosure purposes.

What role does Steve Zhang hold at Agora (API) in this ownership filing?

Steve Zhang is identified as a director of Agora, Inc. in the filing. Form 3 is required when someone first becomes a reporting insider, such as a director, so this document establishes his initial equity position as he assumes ongoing reporting obligations.

Is Steve Zhang’s ownership in Agora (API) direct or indirect?

The filing classifies Steve Zhang’s 92,072 ADS as direct ownership. The ownership code is shown as “D,” and there is no indication that these shares are held through a trust, partnership, or other indirect entity on his behalf.

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

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Accepted by SEC EDGAR 03/18/2026 - 10:01 AM EDT

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^*

ZHANG STEVE

(Last)

(First)

(Middle)

510 SEALE AVE

(Street)

PALO ALTO

CALIFORNIA

94301

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

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
	Officer (give title below)	Other (specify below)

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⁾	92,072	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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	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)

Explanation of Responses:

1. One ADS represents four Class A Ordinary Shares.

	ZHANG STEVE	03/18/2026
	** 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)

Source: View Original Filing on SEC EDGAR