Agora (NASDAQ: API) director exercises RSUs, now holding 82,980 ADSs

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Agora, Inc. director Eric He reported a routine equity award vesting, exercising restricted stock units into 1,592 American Depositary Shares (ADSs). The ADSs were acquired at a price of $0.00 per ADS through RSU vesting, not through an open-market purchase or sale.

Following the transaction, He directly holds 82,980 ADSs and 39,782 RSUs. Each ADS represents four Class A Ordinary Shares of Agora, and each RSU represents the right to receive one ADS upon vesting. The filing reflects compensation-related equity vesting rather than discretionary trading in the company’s stock.

Insider Trade Summary

1,592 shares exercised/converted

Mixed 2 txns

Insider He Eric

Role null

Type	Security	Shares	Price	Value
Exercise	RSU (Restricted Stock Unit)	1,592	$0.00	--
Exercise	ADSs	1,592	$0.00	--

Holdings After Transaction: RSU (Restricted Stock Unit) — 39,782 shares (Direct, null); ADSs — 82,980 shares (Direct, null)

Footnotes (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 via RSU vesting: 1,592 ADSs Price per ADS for RSU vesting: $0.00 per ADS ADS holdings after transaction: 82,980 ADSs +3 more

6 metrics

ADSs acquired via RSU vesting 1,592 ADSs Exercise or conversion of derivative security on 2026-06-01

Price per ADS for RSU vesting $0.00 per ADS RSU-to-ADS conversion on 2026-06-01

ADS holdings after transaction 82,980 ADSs Total ADSs directly held by Eric He following transaction

RSUs remaining after transaction 39,782 RSUs Restricted Stock Units directly held by Eric He after vesting

ADS to ordinary share ratio 1 ADS = 4 Class A Ordinary Shares Economic equivalence of Agora ADSs to underlying shares

RSU expiration date 2035-11-16 Expiration date for the RSU derivative security

Key Terms

ADSs, Restricted Stock Unit, Class A Ordinary Shares, Exercise or conversion of derivative security, +1 more

5 terms

ADSs financial

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

Restricted Stock Unit financial

"RSU (Restricted Stock Unit)"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

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.

Exercise or conversion of derivative security financial

"transaction_code_description: "Exercise or conversion of derivative security""

contingent right financial

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

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Form 4 Insider Transactions: What Each Field Means →

06/02/2026 - 10:26 AM

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

TAIWAN

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)
06/01/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
ADSs⁽¹⁾	06/01/2026		M		1,592	A	⁽²⁾	82,980	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
RSU (Restricted Stock Unit)⁽³⁾	$0	06/01/2026		M			1,592	06/01/2026	11/16/2035	ADSs	1,592	$0	39,782	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	06/02/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Agora (API) disclose in this Form 4?

Agora disclosed that director Eric He exercised restricted stock units into 1,592 ADSs at $0.00 per ADS. The event reflects vesting of equity awards, not an open-market stock purchase or sale, and is a routine compensation-related transaction.

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

After exercising RSUs into 1,592 ADSs, Eric He directly holds 82,980 ADSs. This reflects his updated direct share position following the vesting event reported, separate from his remaining unvested restricted stock units in the company.

What happens to Eric He’s restricted stock units in Agora (API) after vesting?

After this vesting event, Eric He holds 39,782 RSUs in Agora. Each RSU represents a contingent right to receive one ADS upon future vesting, providing additional potential equity exposure beyond his currently held ADSs.

Is the Agora (API) Form 4 transaction an open-market buy or sale?

The Form 4 transaction is not an open-market buy or sale. It records the exercise and vesting of 1,592 RSUs into ADSs at $0.00 per ADS, a compensation-related equity event rather than a discretionary purchase or sale in the market.

What does each Agora (API) ADS represent in terms of ordinary shares?

Each Agora ADS represents four Class A Ordinary Shares of the company. This means the 1,592 ADSs acquired through RSU vesting correspond economically to four times that number of underlying Class A Ordinary Shares.