Welcome to our dedicated page for Agora SEC filings (Ticker: API), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
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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.
Agora, Inc. files its annual report on Form 20-F, detailing its real-time engagement platform business, dual-brand structure (Agora globally and Shengwang in China), and Cayman holding company model. The company reports revenues of US$141.5 million in 2023, US$133.3 million in 2024 and US$141.1 million in 2025, with a loss from operations of US$9.4 million in 2025 as it continues to invest in growth.
The report explains the termination of its variable interest entity structure in China in January 2025, with China operations now conducted through PRC subsidiaries that hold key telecom licenses. It highlights regulatory and geopolitical risks in the United States, China and other markets, including data, cybersecurity and PRC foreign investment rules, foreign exchange controls on moving cash out of China, and potential trading bans under the Holding Foreign Companies Accountable Act if U.S. audit inspections are restricted.
Agora, Inc. director and Chief Revenue Officer Wang Hua Tony filed an initial ownership report showing both option and share holdings in the company’s ADSs. This filing does not show any new purchases or sales, only current positions.
He holds an Incentive Stock Option covering 1,200,000 ADSs with a $4.00 exercise price, expiring on September 4, 2034. The option vests in three tranches of 400,000 ADSs each upon meeting separate performance goals. He also holds 334,090 ADSs directly. One ADS represents four Class A ordinary shares.
Agora, Inc. director Eric He exercised restricted stock units to receive 1,591 American Depositary Shares (ADSs). The RSUs converted at an exercise price of $0.00 per ADS as part of his equity compensation. Following this vesting event, he holds 79,797 ADSs directly.
Each RSU represents the right to receive one ADS, and each ADS represents four Class A Ordinary Shares of Agora. According to the award terms, these RSUs are scheduled to vest in equal monthly installments from April 1, 2026 until July 1, 2028.
Agora, Inc. COO of Shengwang, Liu Bin Robbin, has filed an initial ownership report detailing existing holdings in Agora ADSs and options. The filing shows direct ownership of 65,802 ADSs as of the reporting date. It also lists fully vested options to acquire 5,634 ADSs at an exercise price of 0.4000 per ADS and 134,190 ADSs at 0.0004 per ADS, along with options for 54,366 and 36,769 ADSs at an exercise price of 0.0000 per ADS. In addition, there is an incentive stock option covering 450,000 ADSs at an exercise price of 4.0000 per ADS, which vests in three 150,000-ADS tranches tied to separate performance goals. One ADS represents four Class A Ordinary Shares.
Agora, Inc. CFO Wang Jingbo reported her initial ownership of company securities. She directly holds 345,547 ADSs and derivative awards covering additional ADSs. These include an option over 514,250 ADSs at an exercise price of $0.40 per ADS expiring in 2030, an incentive stock option over 450,000 ADSs at $4.50 per ADS expiring in 2035, and 450,000 RSUs that vest based on service and ADS price hurdles of $6.00, $10.00, and $15.00 after September 4, 2028.
Agora, Inc. director Liu Qin filed an initial Form 3 reporting indirect holdings of Class A ordinary shares through several investment funds. The filing lists positions held by MORNINGSIDE CHINA TMT FUND II, L.P., Morningside China TMT Top Up Fund, L.P., and multiple Evolution and Morningside special opportunity and co-investment funds.
Some of these holdings are represented by American depositary shares (ADSs), including 186,277 ADSs for MORNINGSIDE CHINA TMT FUND II, L.P. and 2,166,374 ADSs for Morningside China TMT Top Up Fund, L.P., with each ADS representing four Class A ordinary shares. Liu Qin serves on the governing general partner bodies for these funds and disclaims beneficial ownership except for any pecuniary interest.
Agora, Inc. director Steve Zhang filed an initial ownership report showing that he directly holds 92,072 American Depositary Shares (ADS). Each ADS represents four Class A ordinary shares, so this filing simply records his starting equity stake rather than any new stock purchase or sale.
Agora, Inc. filed an initial ownership report for Chief Executive Officer Zhao Bin, detailing his equity interests in the company. The filing shows direct derivative awards covering 2,250,000 ADSs under an incentive stock option with a $4.50 exercise price and an additional 2,250,000 ADSs underlying RSUs, both expiring on September 3, 2035.
The option vests 50% on September 4, 2028, with the remainder vesting monthly over the next thirty-six months. The RSUs vest in three equal tranches tied to both the same September 4, 2028 date and share price hurdles of $6.00, $10.00, and $15.00 for the company’s ADSs. Zhao Bin also has substantial indirect holdings, including 76,179,938 Class B Ordinary Shares through Much ado Limited, and 7,267,029 Class A Ordinary Shares plus 1,610,603 ADSs through YY TZ LIMITED. One ADS represents four Class A Ordinary Shares.
Agora, Inc. director Eric He has filed an initial ownership report showing his current equity interests in the company. He reports stock options covering 30,000 ADSs with a $0.4000 exercise price, expiring on June 16, 2030. These options were granted on June 17, 2020 and fully vested by June 30, 2024. He also holds RSUs representing 31,825 ADSs, which are scheduled to vest in equal monthly installments from April 1, 2026 through July 1, 2028. In addition, He directly owns 78,206 ADSs. One ADS represents four Class A ordinary shares, so these positions give him a meaningful personal stake in Agora’s performance, combining current share ownership with both fully vested options and future-vesting RSUs.