How many RSUs related to API does Eric He still hold after the Form 4 event?

Following the vesting of 1,591 RSUs, Eric He has 35,009 RSUs remaining outstanding, each representing a contingent right to receive one ADS of Agora, Inc. upon vesting.

Agora director Eric He vests 1,591 ADSs

Q: What insider transaction did API director Eric He report on this Form 4?

He reported the vesting and exercise of 1,591 Restricted Stock Units into 1,591 ADSs of Agora, Inc. on September 1, 2026, reflecting equity compensation rather than an open-market purchase or sale.

Q: How many Agora (API) ADSs does Eric He own after this transaction?

After the RSU vesting, Eric He directly holds 87,753 ADSs of Agora, Inc. This reflects his reported non-derivative ownership position following the September 1, 2026 transaction.

Q: What is the conversion relationship between API RSUs, ADSs, and Class A ordinary shares?

Each RSU represents the right to receive one ADS upon vesting, and each ADS represents four Class A ordinary shares of Agora, Inc., according to the filed footnotes.

Q: Was Eric He’s API Form 4 transaction under a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 checkbox is not affirmed, and there is no footnote indicating that the September 1, 2026 RSU vesting and ADS acquisition occurred under a Rule 10b5-1 trading plan.

Director Eric He had 1,591 RSUs vest into ADSs of API, bringing his direct ADS holdings to 87,753.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

Agora, Inc. director Eric He reported the vesting and exercise of 1,591 RSUs into 1,591 American Depositary Shares (ADSs) on September 1, 2026. Each RSU converts into one ADS, and each ADS represents four Class A ordinary shares. Following this event, he holds 87,753 ADSs directly and 35,009 RSUs outstanding. No transactions are reported under a Rule 10b5-1 trading plan.

Insider Trade Summary

1,591 shares exercised/converted

Exercise 2 txns

Insider He Eric

Role Director

Type	Security	Shares	Price	Value
Exercise	RSU (Restricted Stock Unit) ^F3	1,591	$0.00	$0.00
Exercise	ADSs ^{F1, F2}	1,591	--	--

Holdings After Transaction: RSU (Restricted Stock Unit) — 35,009 contracts (Direct); ADSs — 87,753 shares (Direct)

Footnotes (3)

F1. 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.
F2. Represents American Depositary Shares acquired through the vesting of RSUs. Every one ADS represents four Class A Ordinary Shares of the Issuer.
F3. Each RSU represents the contingent right to receive one ADS of the Issuer upon vesting.

Key Figures

RSUs exercised: 1,591 units ADSs acquired from RSU vesting: 1,591 ADSs ADS holdings after transaction: 87,753 ADSs +4 more

7 metrics

RSUs exercised 1,591 units RSUs converted into ADSs on September 1, 2026

ADSs acquired from RSU vesting 1,591 ADSs ADSs received upon RSU vesting on September 1, 2026

ADS holdings after transaction 87,753 ADSs Direct non-derivative ownership following the September 1, 2026 event

RSUs remaining after transaction 35,009 RSUs Derivative holdings following the RSU vesting on September 1, 2026

RSU to ADS ratio 1 RSU per 1 ADS Each RSU represents the contingent right to receive one ADS upon vesting

ADS to Class A ordinary shares ratio 1 ADS per 4 Class A ordinary shares Each ADS represents four Class A ordinary shares of Agora, Inc.

Exercise price per RSU $0.00 per unit RSU conversion price reported for the derivative transaction

Key Terms

Restricted Stock Unit, American Depositary Shares, ADSs, Rule 10b5-1

4 terms

Restricted Stock Unit financial

"Represents American Depositary Shares acquired through the vesting of 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.

American Depositary Shares financial

"Represents American Depositary Shares acquired through the vesting of RSUs."

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.

ADSs financial

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

Rule 10b5-1 regulatory

"No transactions are reported under a Rule 10b5-1 trading plan."

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

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

What insider transaction did API director Eric He report on this Form 4?

He reported the vesting and exercise of 1,591 Restricted Stock Units into 1,591 ADSs of Agora, Inc. on September 1, 2026, reflecting equity compensation rather than an open-market purchase or sale.

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

After the RSU vesting, Eric He directly holds 87,753 ADSs of Agora, Inc. This reflects his reported non-derivative ownership position following the September 1, 2026 transaction.

What is the conversion relationship between API RSUs, ADSs, and Class A ordinary shares?

Each RSU represents the right to receive one ADS upon vesting, and each ADS represents four Class A ordinary shares of Agora, Inc., according to the filed footnotes.

Was Eric He’s API Form 4 transaction under a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 checkbox is not affirmed, and there is no footnote indicating that the September 1, 2026 RSU vesting and ADS acquisition occurred under a Rule 10b5-1 trading plan.

Did Eric He buy or sell API ADSs on the market in this Form 4?

No market purchase or sale is reported. The Form 4 shows an exercise/conversion of 1,591 RSUs into 1,591 ADSs, reflecting equity compensation vesting rather than an open-market trade.

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

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Available on EDGAR 09/08/2026 - 08:49 AM EDT Accepted by SEC EDGAR 09/08/2026 - 08:49 AM EDT

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)
09/01/2026

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⁾	09/01/2026		M		1,591	A	⁽²⁾	87,753	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	09/01/2026		M			1,591	09/01/2026	11/16/2035	ADSs	1,591	$0	35,009	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	09/01/2026
	** 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