Agora (NYSE: API) director He Eric gains 1,591 ADSs from RSU vesting

Rhea-AI Filing Summary

Agora, Inc. director He Eric exercised restricted stock units to acquire 1,591 American Depositary Shares (ADSs) at a price of $0.00 per ADS. These ADSs were received through the vesting of RSUs, with each RSU delivering one ADS.

Following the transaction, He Eric directly holds 84,571 ADSs and 38,191 RSUs, which represent contingent rights to receive additional ADSs upon future vesting. Each ADS represents four Class A ordinary shares of Agora, linking the ADS holdings to the company’s underlying equity.

Insider Trade Summary

1,591 shares exercised/converted

Mixed 2 txns

Insider He Eric

Role null

Type	Security	Shares	Price	Value
Exercise	RSU (Restricted Stock Unit)	1,591	$0.00	--
Exercise	ADSs	1,591	$0.00	--

Holdings After Transaction: RSU (Restricted Stock Unit) — 38,191 shares (Direct, null); ADSs — 84,571 shares (Direct, null)

Footnotes (1)

1. Represents American Depositary Shares acquired through the vesting of Restricted Share Units ("RSUs"). Every one ADS represents four Class A Ordinary Shares of the Issuer. Represents American Depositary Shares acquired through the vesting of RSUs. Every one ADS represents four Class A Ordinary Shares of the Issuer. Each RSU represents the contingent right to receive one ADS of the Issuer upon vesting.

Key Figures

ADSs acquired: 1,591 ADSs ADS holdings after transaction: 84,571 ADSs RSUs remaining: 38,191 RSUs +2 more

5 metrics

ADSs acquired 1,591 ADSs Acquired via RSU vesting on July 1, 2026

ADS holdings after transaction 84,571 ADSs Direct ownership following RSU exercise

RSUs remaining 38,191 RSUs Contingent rights to receive ADSs after transaction

Exercise price $0.00 per ADS RSU conversion price into ADSs

RSU award expiration November 16, 2035 Expiration date of the RSU derivative security

Key Terms

American Depositary Shares, Restricted Stock Units ("RSUs"), Class A Ordinary Shares, contingent right

4 terms

American Depositary Shares financial

"Represents American Depositary Shares acquired through the vesting of Restricted Share Units"

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

Restricted Stock Units ("RSUs") financial

"Represents American Depositary Shares acquired through the vesting of Restricted Share Units ("RSUs")"

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

Class A Ordinary Shares financial

"Every one ADS represents four Class A Ordinary Shares of the Issuer"

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

contingent right financial

"Each RSU represents the contingent right to receive one ADS of the Issuer"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 11:05 AM Accepted by SEC EDGAR 07/02/2026 - 11:05 AM 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).

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^*

He Eric

(Last) (First) (Middle)

66 LANE, 411 SEC 1 NEI HU ROAD

(Street)

TAIPEI 114

(City) (State) (Zip)

TAIWAN

(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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

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
ADSs(1)	07/01/2026		M		1,591	A	(2)	84,571	D

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
RSU (Restricted Stock Unit)(3)	$0	07/01/2026		M			1,591	07/01/2026	11/16/2035	ADSs	1,591	$0	38,191	D

Explanation of Responses:

1. Represents American Depositary Shares acquired through the vesting of Restricted Share Units ("RSUs"). Every one ADS represents four Class A Ordinary Shares of the Issuer.

2. Represents American Depositary Shares acquired through the vesting of RSUs. Every one ADS represents four Class A Ordinary Shares of the Issuer.

3. Each RSU represents the contingent right to receive one ADS of the Issuer upon vesting.

	Eric He	07/02/2026
	** 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)

FAQ

What insider transaction did Agora (API) report for He Eric?

Agora reported that director He Eric acquired 1,591 ADSs through the vesting and exercise of restricted stock units at a price of $0.00 per ADS. This is a compensation-related equity award rather than an open-market stock purchase or sale.

How many Agora (API) ADSs does He Eric hold after this Form 4?

After the RSU vesting, He Eric directly holds 84,571 ADSs of Agora. In addition, he holds 38,191 RSUs, each representing a contingent right to receive one ADS upon vesting, providing potential for additional future share ownership.

What are the terms of the vested RSUs reported by Agora (API)?

The vested RSUs each convert into one American Depositary Share of Agora at an exercise price of $0.00. The underlying RSU award has an expiration date of November 16, 2035, indicating the outer limit for settlement of remaining unvested units.

How do Agora (API) ADSs relate to its Class A ordinary shares?

Each Agora American Depositary Share represents four Class A ordinary shares of the company. This means ADS holders have an indirect interest in the underlying Class A ordinary shares through the depositary structure, as disclosed in the Form 4 footnotes.

Did He Eric buy or sell Agora (API) shares in the market?

The Form 4 shows no open-market buying or selling. Instead, He Eric acquired 1,591 ADSs at $0.00 per ADS through RSU vesting, a standard equity compensation mechanism rather than a discretionary market transaction.