Agora CEO-linked YY TZ buys 24,132 depositary shares

The purchases were made under a Rule 10b5-1 plan adopted by YY TZ Limited on June 15, 2026.

Rhea-AI Filing Summary

Agora, Inc. (API) ADS were purchased by YY TZ Limited: 8,937 on October 12, 2026, at a weighted-average $4.1117 per ADS; 5,438 on October 13 at $4.2048; and 9,757 on October 14 at $4.2953. Bin Zhao, Agora's Chief Executive Officer and a director, is YY TZ Limited's sole director and has discretionary authority to vote and dispose of shares it holds in Agora.

The weighted-average prices reflect multiple purchases within ranges of $4.0400–$4.1300, $4.0900–$4.3000, and $4.2200–$4.3300, respectively. All three purchases were effected pursuant to a Rule 10b5-1 trading plan adopted by YY TZ Limited on June 15, 2026. As of October 12, 2026, YY TZ Limited held 7,267,029 Class A ordinary shares and Much ado Limited held 76,179,938 Class B ordinary shares. Zhao is also Much ado Limited's sole director and has discretionary authority to vote and dispose of its Agora shares.

Insider Trade Summary 10b5-1

Net Buyer: 24,132 shares

Net Buy 5 txns

Insider Zhao Bin

Role Chief Executive Officer

Bought 24,132 shs ($102K)

Type	Security	Shares	Price	Value
Purchase	ADS F1, F2, F6, F4	9,757	$4.2953	$42K
Purchase	ADS F1, F2, F5, F4	5,438	$4.2048	$23K
Purchase	ADS F1, F2, F3, F4	8,937	$4.1117	$37K
holding	Class A Ordinary Share, par value $0.0001 F4	--	--	--
holding	Class B Ordinary Share, par value $0.0001 F7	--	--	--

Holdings After Transaction: ADS — 2,149,123 shares (Indirect, by YY TZ LIMITED); Class A Ordinary Share, par value $0.0001 — 7,267,029 shares (Indirect, by YY TZ LIMITED); Class B Ordinary Share, par value $0.0001 — 76,179,938 shares (Indirect, by Much ado Limited)

Footnotes (7)

1. F1. One ADS represents four Class A Ordinary Shares, par value $0.0001 per share
2. F2. The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by YY TZ Limited on June 15, 2026.
3. F3. The price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.0400 to $4.1300, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of ADSs purchased at each separate price within the range.
4. F4. The reporting person is the sole director of YY TZ Limited and, as such, has discretionary authority to vote and dispose of the shares held by YY TZ Limited in Agora, Inc.
5. F5. The price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.0900 to $4.3000, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of ADSs purchased at each separate price within the range.
6. F6. The price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.2200 to $4.3300, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of ADSs purchased at each separate price within the range.
7. F7. The reporting person is the sole director of Much ado Limited and, as such, has discretionary authority to vote and dispose of the shares held by Much ado Limited in Agora, Inc.

Key Figures

ADS purchased: 8,937 ADS Weighted-average purchase price: $4.1117 per ADS ADS purchased: 5,438 ADS +5 more

8 metrics

ADS purchased 8,937 ADS October 12, 2026

Weighted-average purchase price $4.1117 per ADS October 12, 2026

ADS purchased 5,438 ADS October 13, 2026

Weighted-average purchase price $4.2048 per ADS October 13, 2026

ADS purchased 9,757 ADS October 14, 2026

Weighted-average purchase price $4.2953 per ADS October 14, 2026

Class A ordinary shares held 7,267,029 shares Held indirectly by YY TZ Limited as of October 12, 2026

Class B ordinary shares held 76,179,938 shares Held indirectly by Much ado Limited as of October 12, 2026

Key Terms

Rule 10b5-1 trading plan, weighted average price, ADS, Class A Ordinary Share

4 terms

Rule 10b5-1 trading plan regulatory

"pursuant to a Rule 10b5-1 trading plan adopted by YY TZ Limited"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

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.

Class A Ordinary Share financial

"Class A Ordinary Share, par value $0.0001 per share"

A Class A ordinary share is a type of common stock a company issues that carries a specific set of rights—most often particular voting power, dividend terms, or transfer rules—distinct from other share classes. For investors it matters because those rights affect control over company decisions, how income is paid out, and how easy shares are to buy or sell; think of it like a tiered ticket that gives different access and influence at the same event.

FAQ

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

How many ADS did YY TZ Limited buy in Agora (API)?

YY TZ Limited bought 24,132 ADS across three purchases: 8,937 on October 12, 5,438 on October 13, and 9,757 on October 14, 2026. The weighted-average prices were $4.1117, $4.2048, and $4.2953 per ADS, respectively.

How many ordinary shares does one Agora (API) ADS represent?

One ADS represents four Class A Ordinary Shares, par value $0.0001 per share.

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

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Available on EDGAR 10/15/2026 - 06:57 AM EDT Accepted by SEC EDGAR 10/15/2026 - 06:56 AM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Zhao Bin

(Last) (First) (Middle)

2804 MISSION COLLEGE BLVD

(Street)

SANTA CLARA CALIFORNIA 9505

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/12/2026

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
ADS(1)	10/12/2026		P(2)		8,937	A	$4.1117(3)	2,133,928	I	by YY TZ LIMITED(4)
ADS(1)	10/13/2026		P(2)		5,438	A	$4.2048(5)	2,139,366	I	By YY TZ LIMITED(4)
ADS(1)	10/14/2026		P(2)		9,757	A	$4.2953(6)	2,149,123	I	by YY TZ LIMITED(4)
Class A Ordinary Share, par value $0.0001								7,267,029	I	by YY TZ LIMITED(4)
Class B Ordinary Share, par value $0.0001								76,179,938	I	by Much ado Limited(7)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. One ADS represents four Class A Ordinary Shares, par value $0.0001 per share

2. The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by YY TZ Limited on June 15, 2026.

3. The price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.0400 to $4.1300, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of ADSs purchased at each separate price within the range.

4. The reporting person is the sole director of YY TZ Limited and, as such, has discretionary authority to vote and dispose of the shares held by YY TZ Limited in Agora, Inc.

5. The price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.0900 to $4.3000, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of ADSs purchased at each separate price within the range.

6. The price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.2200 to $4.3300, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of ADSs purchased at each separate price within the range.

7. The reporting person is the sole director of Much ado Limited and, as such, has discretionary authority to vote and dispose of the shares held by Much ado Limited in Agora, Inc.

	BIN ZHAO	10/14/2026
	** 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 4 (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 4: SEC 1474 (03-26)