STOCK TITAN

Agora CEO Bin Zhao’s entity buys 167,385 depositary shares

Separate reported positions dated September 16, 2026 list 7,267,029 Class A shares through YY TZ Limited and 76,179,938 Class B shares through Much ado Limited.

(Very High)

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.

Form Type
4

Rhea-AI Filing Summary

Agora, Inc. CEO Bin Zhao reported 18 purchases totaling 167,385 ADSs by YY TZ Limited from September 16 through October 9, 2026, pursuant to a Rule 10b5-1 trading plan adopted June 15, 2026. Zhao is YY TZ Limited’s sole director and has discretionary authority to vote and dispose of its Agora shares. The October 9 purchase was 5,301 ADSs at a weighted-average price of $4.0780 per ADS; one ADS represents four Class A ordinary shares.

Insights

Analyzing...

Insider Zhao Bin
Role Chief Executive Officer
Bought 167,385 shs ($696K)
Type Security Shares Price Value
Purchase ADS F1, F2, F21, F4 5,301 $4.078 $22K
Purchase ADS F1, F2, F20, F4 9,956 $4.0618 $40K
Purchase ADS F1, F2, F19, F4 9,837 $4.1296 $41K
Purchase ADS F1, F2, F18, F4 9,773 $4.1933 $41K
Purchase ADS F1, F2, F17, F4 9,713 $4.1762 $41K
Purchase ADS F1, F2, F16, F4 9,065 $4.1124 $37K
Purchase ADS F1, F2, F15, F4 9,300 $4.1307 $38K
Purchase ADS F1, F2, F14, F4 9,633 $4.1827 $40K
Purchase ADS F1, F2, F13, F4 9,364 $4.1456 $39K
Purchase ADS F1, F2, F12, F4 9,804 $4.1434 $41K
Purchase ADS F1, F2, F11, F4 9,525 $4.2171 $40K
Purchase ADS F1, F2, F10, F4 9,217 $4.3199 $40K
Purchase ADS F1, F2, F9, F4 9,834 $4.3311 $43K
Purchase ADS F1, F2, F8, F4 9,924 $4.332 $43K
Purchase ADS F1, F2, F7, F4 7,447 $4.2026 $31K
Purchase ADS F1, F2, F6, F4 6,000 $4.0274 $24K
Purchase ADS F1, F2, F5, F4 9,133 $4.0571 $37K
Purchase ADS F1, F2, F3, F4 14,559 $3.9847 $58K
holding Class A Ordinary Share, par value $0.0001 F4 -- -- --
holding Class B Ordinary Share, par value $0.0001 F22 -- -- --
Holdings After Transaction: ADS — 2,124,991 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 (22)
  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 price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $3.9700 to $3.9900, 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.
  4. F4. 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.
  5. F5. The price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.0250 to $4.0800, 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 $4.0000 to $4.0700, 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.
  7. F7. The price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.1400 to $4.3000, 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.
  8. F8. 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 $4.3800, 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.
  9. F9. The price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.2900 to $4.3800, 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.
  10. F10. The price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.2650 to $4.3800, 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.
  11. F11. The price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.1750 to $4.2500, 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.
  12. F12. 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 $4.1600, 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.
  13. F13. The price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.0850 to $4.1800, 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.
  14. F14. The price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.1400 to $4.2100, 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.
  15. F15. The price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.0900 to $4.1500, 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.
  16. F16. The price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.0800 to $4.1600, 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.
  17. F17. The price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.1400 to $4.1900, 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.
  18. F18. The price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.1400 to $4.2600, 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.
  19. F19. The price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.0600 to $4.1600, 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.
  20. F20. The price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.0400 to $4.1500, 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.
  21. F21. The price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.0400 to $4.1000, 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.
  22. F22. 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.
ADSs purchased 167,385 ADSs 18 transactions by YY TZ Limited from September 16 through October 9, 2026
October 9 purchase 5,301 ADSs YY TZ Limited purchase on October 9, 2026
Weighted-average price $4.0780 per ADS October 9, 2026 purchase
Class A ordinary shares held 7,267,029 shares Held indirectly by YY TZ Limited; position dated September 16, 2026
Class B ordinary shares held 76,179,938 shares Held indirectly by Much ado Limited; position dated September 16, 2026
ADS ratio 4 Class A ordinary shares per ADS Ratio stated in the transaction footnote
Trading plan adoption date June 15, 2026 Rule 10b5-1 trading plan adopted by YY TZ Limited
Rule 10b5-1 trading plan regulatory
"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.
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.

FAQ

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

How many ADSs did Bin Zhao’s entity purchase in Agora (API)?

YY TZ Limited purchased 167,385 ADSs in 18 reported transactions from September 16 through October 9, 2026. Zhao, Agora’s Chief Executive Officer, is YY TZ Limited’s sole director and has discretionary authority to vote and dispose of its Agora shares.

Were Bin Zhao’s Agora (API) purchases made under a Rule 10b5-1 plan?

Yes. The transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by YY TZ Limited on June 15, 2026. Bin Zhao is Agora’s Chief Executive Officer and YY TZ Limited’s sole director.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Available on EDGAR Accepted by SEC EDGAR Learn about SEC filing dates
SEC Form 4
FORM 4UNITED 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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/16/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
ADS(1)09/16/2026P(2)14,559A$3.9847(3)1,972,165Iby YY TZ LIMITED(4)
ADS(1)09/17/2026P(2)9,133A$4.0571(5)1,981,298IBy YY TZ LIMITED(4)
ADS(1)09/18/2026P(2)6,000A$4.0274(6)1,987,298Iby YY TZ LIMITED(4)
ADS(1)09/21/2026P(2)7,447A$4.2026(7)1,994,745Iby YY TZ LIMITED(4)
ADS(1)09/22/2026P(2)9,924A$4.332(8)2,004,669Iby YY TZ LIMITED(4)
ADS(1)09/23/2026P(2)9,834A$4.3311(9)2,014,503Iby YY TZ LIMITED(4)
ADS(1)09/24/2026P(2)9,217A$4.3199(10)2,023,720Iby YY TZ LIMITED(4)
ADS(1)09/25/2026P(2)9,525A$4.2171(11)2,033,245Iby YY TZ LIMITED(4)
ADS(1)09/28/2026P(2)9,804A$4.1434(12)2,043,049Iby YY TZ LIMITED(4)
ADS(1)09/29/2026P(2)9,364A$4.1456(13)2,052,413Iby YY TZ LIMITED(4)
ADS(1)09/30/2026P(2)9,633A$4.1827(14)2,062,046Iby YY TZ LIMITED(4)
ADS(1)10/01/2026P(2)9,300A$4.1307(15)2,071,346Iby YY TZ LIMITED(4)
ADS(1)10/02/2026P(2)9,065A$4.1124(16)2,080,411Iby YY TZ LIMITED(4)
ADS(1)10/05/2026P(2)9,713A$4.1762(17)2,090,124Iby YY TZ LIMITED(4)
ADS(1)10/06/2026P(2)9,773A$4.1933(18)2,099,897Iby YY TZ LIMITED(4)
ADS(1)10/07/2026P(2)9,837A$4.1296(19)2,109,734Iby YY TZ LIMITED(4)
ADS(1)10/08/2026P(2)9,956A$4.0618(20)2,119,690Iby YY TZ LIMITED(4)
ADS(1)10/09/2026P(2)5,301A$4.078(21)2,124,991Iby YY TZ LIMITED(4)
Class A Ordinary Share, par value $0.00017,267,029Iby YY TZ LIMITED(4)
Class B Ordinary Share, par value $0.000176,179,938Iby Much ado Limited(22)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $3.9700 to $3.9900, 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.
4. 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.
5. The price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.0250 to $4.0800, 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 $4.0000 to $4.0700, 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.
7. The price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.1400 to $4.3000, 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.
8. 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 $4.3800, 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.
9. The price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.2900 to $4.3800, 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.
10. The price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.2650 to $4.3800, 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.
11. The price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.1750 to $4.2500, 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.
12. 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 $4.1600, 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.
13. The price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.0850 to $4.1800, 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.
14. The price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.1400 to $4.2100, 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.
15. The price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.0900 to $4.1500, 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.
16. The price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.0800 to $4.1600, 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.
17. The price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.1400 to $4.1900, 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.
18. The price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.1400 to $4.2600, 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.
19. The price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.0600 to $4.1600, 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.
20. The price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.0400 to $4.1500, 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.
21. The price reported in Column 4 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $4.0400 to $4.1000, 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.
22. 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.
BIN ZHAO10/12/2026
** Signature of Reporting PersonDate
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)

Keep reading