Agora CEO-linked YY TZ buys 9,906 depositary shares

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

Rhea-AI Filing Summary

Agora, Inc. (API) Chief Executive Officer Bin Zhao reported that YY TZ Limited purchased 9,906 ADS on October 23, 2026, at a weighted average price of $4.4153 per ADS, and 7,692 ADS on October 26, 2026, at $4.4651 per ADS. Both purchases were made under a Rule 10b5-1 trading plan adopted by YY TZ Limited on June 15, 2026. Each ADS represents four Class A ordinary shares. Separate holdings entries dated October 23 list 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. Bin Zhao is the sole director of both entities and has discretionary authority to vote and dispose of their Agora shares.

Insider Trade Summary 10b5-1

Net Buyer: 17,598 shares

Net Buy 4 txns

Insider Zhao Bin

Role Chief Executive Officer

Bought 17,598 shs ($78K)

Type	Security	Shares	Price	Value
Purchase	ADS F1, F2, F6, F3	7,692	$4.4651	$34K
Purchase	ADS F1, F2, F5, F3	9,906	$4.4153	$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 — 2,222,333 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 $4.3600 to $4.4600, 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 $4.3800 to $4.5000, 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

ADS purchased: 9,906 ADS Weighted average purchase price: $4.4153 per ADS ADS purchased: 7,692 ADS +3 more

6 metrics

ADS purchased 9,906 ADS YY TZ Limited purchase on October 23, 2026

Weighted average purchase price $4.4153 per ADS YY TZ Limited purchase on October 23, 2026

ADS purchased 7,692 ADS YY TZ Limited purchase on October 26, 2026

Weighted average purchase price $4.4651 per ADS YY TZ Limited purchase on October 26, 2026

Class A ordinary shares held 7,267,029 shares YY TZ Limited holding entry dated October 23, 2026

Class B ordinary shares held 76,179,938 shares Much ado Limited holding entry dated October 23, 2026

Key Terms

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

4 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

"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.

discretionary authority regulatory

"has discretionary authority to vote and dispose"

FAQ

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

How many API ADS did Bin Zhao's entity purchase?

YY TZ Limited purchased 9,906 ADS on October 23, 2026, and 7,692 ADS on October 26, 2026. The weighted average prices were $4.4153 and $4.4651 per ADS, respectively; both purchases were made under a Rule 10b5-1 trading plan adopted by YY TZ Limited on June 15, 2026.

What price ranges applied to API's October 2026 ADS purchases?

The 9,906 ADS purchased on October 23, 2026, were bought in multiple transactions at prices from $4.3600 to $4.4600, inclusive. The 7,692 ADS purchased on October 26, 2026, were bought at prices from $4.3800 to $4.5000, inclusive.

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

Each ADS represents four Class A ordinary shares, par value $0.0001 per share.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 10/27/2026 - 07:32 AM EDT Accepted by SEC EDGAR 10/27/2026 - 07:32 AM 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)
10/23/2026

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)	10/23/2026		P(2)		9,906	A	$4.4153(5)	2,214,641	I	by YY TZ LIMITED(3)
ADS(1)	10/26/2026		P(2)		7,692	A	$4.4651(6)	2,222,333	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 $4.3600 to $4.4600, 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 $4.3800 to $4.5000, 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	10/26/2026
	** 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)