Agora CEO Bin Zhao reports two planned indirect buys

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

Available on EDGAR 11/04/2026 - 09:01 AM EST Accepted by SEC EDGAR 11/04/2026 - 09:00 AM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Agora, Inc. Chief Executive Officer Bin Zhao reported indirect purchases by YY TZ Limited of 9,478 ADSs on November 2, 2026, and 10,000 ADSs on November 3, 2026, at weighted-average prices of $4.3705 and $4.1582 per ADS, respectively. Both purchases were made under a Rule 10b5-1 trading plan adopted by YY TZ Limited. As of November 2, 2026, YY TZ Limited was listed with 7,267,029 Class A ordinary shares and Much ado Limited with 76,179,938 Class B ordinary shares; Bin Zhao was sole director of both entities with discretionary authority to vote and dispose of their Agora shares.

Insider Trade Summary 10b5-1

Net Buyer: 19,478 shares

Net Buy 2 txns

Insider Zhao Bin

Role Chief Executive Officer

Bought 19,478 shs ($83K)

Type	Security	Shares	Price	Value
Purchase	ADS F1, F2, F6, F3	10,000	$4.1582	$42K
Purchase	ADS F1, F2, F5, F3	9,478	$4.3705	$41K
Holding	Class A Ordinary Share, par value $0.0001 F3	--	--	--
Holding	Class B Ordinary Share, par value $0.0001 F4	--	--	--

Holdings After Transaction: ADS — 2,272,884 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 (6)

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 $4.2800 to $4.4500, 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 $4.1200 to $4.2900, 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: 9,478 ADSs Weighted average purchase price: $4.3705 per ADS ADSs purchased: 10,000 ADSs +3 more

6 metrics

ADSs purchased 9,478 ADSs YY TZ Limited purchase on November 2, 2026

Weighted average purchase price $4.3705 per ADS November 2, 2026; multiple transactions ranging from $4.2800 to $4.4500, inclusive

ADSs purchased 10,000 ADSs YY TZ Limited purchase on November 3, 2026

Weighted average purchase price $4.1582 per ADS November 3, 2026; multiple transactions ranging from $4.1200 to $4.2900, inclusive

Class A ordinary shares held 7,267,029 shares YY TZ Limited, as of November 2, 2026

Class B ordinary shares held 76,179,938 shares Much ado Limited, as of November 2, 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 financial

"effected pursuant to a Rule 10b5-1 trading plan"

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 9,478 ADSs on November 2, 2026, at a weighted average of $4.3705 per ADS, in multiple transactions ranging from $4.2800 to $4.4500, inclusive. It purchased 10,000 ADSs on November 3, 2026, at a weighted average of $4.1582 per ADS, in multiple transactions ranging from $4.1200 to $4.2900, inclusive.

When did YY TZ Limited adopt the Rule 10b5-1 plan for its API purchases?

YY TZ Limited adopted the Rule 10b5-1 trading plan on June 15, 2026; both reported purchases were made under that plan.

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

One ADS represents four Class A ordinary shares of Agora, Inc.

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

Form 4 Insider Transactions: What Each Field Means →

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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)
11/02/2026

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)	11/02/2026		P(2)		9,478	A	$4.3705(5)	2,262,884	I	by YY TZ LIMITED(3)
ADS(1)	11/03/2026		P(2)		10,000	A	$4.1582(6)	2,272,884	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 $4.2800 to $4.4500, 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 $4.1200 to $4.2900, 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	11/04/2026
	** 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)