Does the Agora (API) Form 4 show any share sales by Eric He?

The Form 4 does not show any share sales by Eric He. It reports only derivative exercises where RSUs vested into 1,591 ADSs, increasing his direct ADS holdings while leaving a sizable number of RSUs still outstanding.

Agora (NASDAQ: API) director Eric He gains 1,591 ADSs via RSU vesting

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Agora, Inc. director Eric He increased his direct stake through RSU vesting. On May 1, 2026, he exercised restricted stock units, receiving 1,591 American Depositary Shares (ADSs) at a stated price of $0.00 per ADS. These ADSs were acquired through the vesting of RSUs and reflect stock-based compensation rather than an open-market purchase.

Each RSU represents the right to receive one ADS, and each ADS represents four Class A Ordinary Shares of Agora. Following the transaction, He directly holds 81,388 ADSs and continues to hold 41,374 RSUs, indicating that a substantial RSU-based equity position remains outstanding.

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) — 41,374 shares (Direct, null); ADSs — 81,388 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: 1,591 ADSs ADS holdings after transaction: 81,388 ADSs Remaining RSUs: 41,374 RSUs +3 more

6 metrics

ADSs acquired 1,591 ADSs Received on May 1, 2026 through RSU vesting

ADS holdings after transaction 81,388 ADSs Direct holdings following RSU vesting

Remaining RSUs 41,374 RSUs RSU balance following the vesting event

RSU to ADS ratio 1 RSU : 1 ADS Each RSU delivers one ADS upon vesting

ADS to Ordinary Shares ratio 1 ADS : 4 Class A Ordinary Shares Economic equivalence stated in footnotes

RSU expiration date November 16, 2035 Expiration date for the RSU derivative position

Key Terms

American Depositary Shares, Restricted Stock Unit, ADSs, Class A Ordinary Shares, +1 more

5 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 Unit financial

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

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.

ADSs financial

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

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 upon vesting"

Form 4 Insider Transactions: What Each Field Means →

05/06/2026 - 06:19 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)
05/01/2026

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⁾	05/01/2026		M		1,591	A	⁽²⁾	81,388	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	05/01/2026		M			1,591	05/01/2026	11/16/2035	ADSs	1,591	$0	41,374	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	05/02/2026
	** 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) report for director Eric He?

Agora reported that director Eric He acquired 1,591 ADSs through the vesting of restricted stock units. This is a stock-based compensation event, not an open-market purchase, and increases his direct holdings of Agora’s American Depositary Shares.

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

After the transaction, Eric He directly holds 81,388 Agora ADSs. These holdings result from RSU vesting rather than market buying or selling, and represent his updated direct equity position as disclosed in the Form 4 filing.

What are the key details of the RSU vesting reported by Agora (API)?

The RSU vesting converted 1,591 restricted stock units into 1,591 ADSs at a stated price of $0.00 per ADS. Each RSU gives the right to one ADS upon vesting, reflecting equity compensation granted earlier to the director.

How do Agora (API) ADSs relate to its Class A Ordinary Shares?

Each Agora ADS represents four Class A Ordinary Shares of the company. This means the 1,591 ADSs received through RSU vesting correspond economically to four times as many underlying Class A Ordinary Shares, as specified in the footnotes.

How many Agora (API) RSUs remain outstanding for Eric He after vesting?

Following the vesting event, Eric He has 41,374 RSUs outstanding. Each RSU represents a contingent right to receive one ADS upon future vesting, so this remaining balance indicates significant potential additional equity exposure over time.