Agora CEO-linked YY TZ buys 38,267 depositary shares

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

Rhea-AI Filing Summary

Agora, Inc. Chief Executive Officer Bin Zhao reported four purchases by YY TZ Limited totaling 38,267 ADSs: 9,971 ADSs on October 19, 2026, at a weighted average price of $4.3855 per ADS; 9,794 on October 20 at $4.3551; 9,513 on October 21 at $4.4551; and 8,989 on October 22 at $4.3989. The purchases were effected pursuant to a Rule 10b5-1 trading plan adopted by YY TZ Limited on June 15, 2026.

Bin Zhao is YY TZ Limited’s sole director and has discretionary authority to vote and dispose of its shares. The report also lists 7,267,029 Class A ordinary shares held by YY TZ Limited and 76,179,938 Class B ordinary shares held by Much ado Limited, both as of October 19, 2026. Bin Zhao is also Much ado Limited’s sole director with discretionary authority to vote and dispose of its shares.

Insider Trade Summary 10b5-1

Net Buyer: 38,267 shares

Net Buy 6 txns

Insider Zhao Bin

Role Chief Executive Officer

Bought 38,267 shs ($168K)

Type	Security	Shares	Price	Value
Purchase	ADS F1, F2, F8, F3	8,989	$4.3989	$40K
Purchase	ADS F1, F2, F7, F3	9,513	$4.4551	$42K
Purchase	ADS F1, F2, F6, F3	9,794	$4.3551	$43K
Purchase	ADS F1, F2, F5, F3	9,971	$4.3855	$44K
holding	Class A Ordinary Share, par value $0.0001 F3	--	--	--
holding	Class B Ordinary Share, par value $0.0001 F4	--	--	--

Holdings After Transaction: ADS — 2,204,735 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 (8)

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 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.
4. F4. 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.
5. F5. The price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.3200 to $4.4200, 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 $4.3300 to $4.3775, 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 price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.3600 to $4.4900, 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.
8. F8. The price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.3600 to $4.4800, 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.

Key Figures

ADSs purchased: 9,971 ADSs at weighted average price of $4.3855 per ADS ADSs purchased: 9,794 ADSs at weighted average price of $4.3551 per ADS ADSs purchased: 9,513 ADSs at weighted average price of $4.4551 per ADS +1 more

4 metrics

ADSs purchased 9,971 ADSs at weighted average price of $4.3855 per ADS October 19, 2026

ADSs purchased 9,794 ADSs at weighted average price of $4.3551 per ADS October 20, 2026

ADSs purchased 9,513 ADSs at weighted average price of $4.4551 per ADS October 21, 2026

ADSs purchased 8,989 ADSs at weighted average price of $4.3989 per ADS October 22, 2026

Key Terms

ADS, Rule 10b5-1 trading plan, weighted average price

3 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.

Rule 10b5-1 trading plan regulatory

"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.

FAQ

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

How many API ADSs did YY TZ Limited buy, and at what prices?

YY TZ Limited purchased 38,267 ADSs in four transactions: 9,971 on October 19, 2026, at a weighted average $4.3855 per ADS; 9,794 on October 20 at $4.3551; 9,513 on October 21 at $4.4551; and 8,989 on October 22 at $4.3989.

How many Class A ordinary shares does one API ADS represent?

One ADS represents four Class A ordinary shares.

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

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Available on EDGAR 10/22/2026 - 08:57 PM EDT Accepted by SEC EDGAR 10/22/2026 - 08:56 PM 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)
10/19/2026

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)	10/19/2026		P(2)		9,971	A	$4.3855(5)	2,176,439	I	by YY TZ LIMITED(3)
ADS(1)	10/20/2026		P(2)		9,794	A	$4.3551(6)	2,186,233	I	By YY TZ LIMITED(3)
ADS(1)	10/21/2026		P(2)		9,513	A	$4.4551(7)	2,195,746	I	by YY TZ LIMITED(3)
ADS(1)	10/22/2026		P(2)		8,989	A	$4.3989(8)	2,204,735	I	by YY TZ LIMITED(3)
Class A Ordinary Share, par value $0.0001								7,267,029	I	by YY TZ LIMITED(3)
Class B Ordinary Share, par value $0.0001								76,179,938	I	by Much ado Limited(4)

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 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.

4. 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.

5. The price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.3200 to $4.4200, 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 $4.3300 to $4.3775, 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 price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.3600 to $4.4900, 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.

8. The price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.3600 to $4.4800, 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.

	BIN ZHAO	10/22/2026
	** 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)