Aurora Mobile Limited reports that certain affiliated reporting persons may be deemed to beneficially own 9,666,666 Class A common shares issuable upon exercise of a warrant dated February 11, 2026.
The filing attributes sole voting and dispositive power over those 9,666,666 shares to PM Partners I LP and related entities and states this represents 13.2% based on 63,479,260 Class A shares outstanding as of September 9, 2025 plus the 9,666,666 shares issuable upon exercise of the warrant.
Positive
None.
Negative
None.
Insights
Schedule 13G discloses potential beneficial ownership via a warrant for 9,666,666 shares.
The filing states the 9,666,666 Class A common shares are "issuable upon exercise of the Warrant" dated February 11, 2026, and attributes sole voting and dispositive power to the listed reporting persons. The percentage is calculated using 63,479,260 shares outstanding as of September 9, 2025.
Caveats in the filing include standard disclaimers and the joint filing agreement; timing and exercise conditions of the Warrant are not described in this excerpt, so subsequent filings may clarify any exercise mechanics or restrictions.
The group structure chains control through GP and holding entities, creating aggregated beneficial exposure.
The report explains that PM Partners GP I Limited is general partner of PM Partners I LP, owned by PAG Pegasus LLC, which is controlled by Pacific Alliance Group Limited and ultimately owned by PAG. This chain is used to attribute voting and dispositive power over the 9,666,666 warrant‑issuable shares.
Investor impact depends on whether the Warrant is exercised; the filing ties the 13.2% figure to the stated outstanding base and the warrant amount, but exercise timing and cash‑flow treatment are not detailed here.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Aurora Mobile Limited
(Name of Issuer)
Class A Common Shares, par value US$0.0001 per share
(Title of Class of Securities)
051857209
(CUSIP Number)
02/11/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
051857209
1
Names of Reporting Persons
PM Partners I LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
VIRGIN ISLANDS, BRITISH
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
9,666,666.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
9,666,666.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
9,666,666.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
13.2 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: Note to Rows 5, 7 and 9: Represents 9,666,666 Class A common shares of the Issuer issuable upon exercise of certain warrant issued to PM Partners I LP by the Issuer on February 11, 2026 (the "Warrant").
Note to Row 11: Percentage calculated based on the sum of (i) an aggregate of 63,479,260 Class A common shares outstanding as of September 9, 2025, as reported in the Issuer's Form 424B5 filed with the U.S. Securities and Exchange Commission on November 4, 2025 and (ii) 9,666,666 Class A common shares issuable upon exercise of the Warrant that PM Partners I LP may be deemed to beneficially own.
SCHEDULE 13G
CUSIP No.
051857209
1
Names of Reporting Persons
PM Partners GP I Limited
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
VIRGIN ISLANDS, BRITISH
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
9,666,666.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
9,666,666.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
9,666,666.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
13.2 %
12
Type of Reporting Person (See Instructions)
CO
Comment for Type of Reporting Person: Note to Rows 5, 7 and 9: Represents 9,666,666 Class A common shares of the Issuer issuable upon exercise of the Warrant. PM Partners GP I Limited serves as the general partner of PM Partners I LP. Therefore, PM Partners GP I Limited may be deemed to have voting, investment and dispositive power with respect to these securities.
Note to Row 11: Percentage calculated based on the sum of (i) an aggregate of 63,479,260 Class A common shares outstanding as of September 9, 2025, as reported in the Issuer's Form 424B5 filed with the U.S. Securities and Exchange Commission on November 4, 2025 and (ii) 9,666,666 Class A common shares issuable upon exercise of the Warrant that PM Partners GP I Limited may be deemed to beneficially own.
SCHEDULE 13G
CUSIP No.
051857209
1
Names of Reporting Persons
PAG Pegasus LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
9,666,666.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
9,666,666.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
9,666,666.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
13.2 %
12
Type of Reporting Person (See Instructions)
CO
Comment for Type of Reporting Person: Note to Rows 5, 7 and 9: Represents 9,666,666 Class A common shares of the Issuer issuable upon exercise of the Warrant. PM Partners GP I Limited serves as the general partner of PM Partners I LP. PM Partners GP I Limited is wholly owned by PAG Pegasus LLC. Therefore, PAG Pegasus LLC may be deemed to have voting, investment and dispositive power with respect to these securities.
Note to Row 11: Percentage calculated based on the sum of (i) an aggregate of 63,479,260 Class A common shares outstanding as of September 9, 2025, as reported in the Issuer's Form 424B5 filed with the U.S. Securities and Exchange Commission on November 4, 2025 and (ii) 9,666,666 Class A common shares issuable upon exercise of the Warrant that PAG Pegasus LLC may be deemed to beneficially own.
SCHEDULE 13G
CUSIP No.
051857209
1
Names of Reporting Persons
Pacific Alliance Group Limited
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
9,666,666.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
9,666,666.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
9,666,666.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
13.2 %
12
Type of Reporting Person (See Instructions)
CO
Comment for Type of Reporting Person: Note to Rows 5, 7 and 9: Represents 9,666,666 Class A common shares of the Issuer issuable upon exercise of the Warrant. PM Partners GP I Limited serves as the general partner of PM Partners I LP. PM Partners GP I Limited is wholly owned by PAG Pegasus LLC. PAG Pegasus LLC is controlled by Pacific Alliance Group Limited. Therefore, Pacific Alliance Group Limited may be deemed to have voting, investment and dispositive power with respect to these securities.
Note to Row 11: Percentage calculated based on the sum of (i) an aggregate of 63,479,260 Class A common shares outstanding as of September 9, 2025, as reported in the Issuer's Form 424B5 filed with the U.S. Securities and Exchange Commission on November 4, 2025 and (ii) 9,666,666 Class A common shares issuable upon exercise of the Warrant that Pacific Alliance Group Limited may be deemed to beneficially own.
SCHEDULE 13G
CUSIP No.
051857209
1
Names of Reporting Persons
PAG
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
9,666,666.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
9,666,666.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
9,666,666.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
13.2 %
12
Type of Reporting Person (See Instructions)
CO
Comment for Type of Reporting Person: Note to Rows 5, 7 and 9: Represents 9,666,666 Class A common shares of the Issuer issuable upon exercise of the Warrant. PM Partners GP I Limited serves as the general partner of PM Partners I LP. PM Partners GP I Limited is wholly owned by PAG Pegasus LLC. PAG Pegasus LLC is controlled by Pacific Alliance Group Limited. Pacific Alliance Group Limited is wholly owned by PAG. Therefore, PAG may be deemed to have voting, investment and dispositive power with respect to these securities.
Note to Row 11: Percentage calculated based on the sum of (i) an aggregate of 63,479,260 Class A common shares outstanding as of September 9, 2025, as reported in the Issuer's Form 424B5 filed with the U.S. Securities and Exchange Commission on November 4, 2025 and (ii) 9,666,666 Class A common shares issuable upon exercise of the Warrant that PAG may be deemed to beneficially own.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Aurora Mobile Limited
(b)
Address of issuer's principal executive offices:
31/F, Block 12-A, Shenzhen Bay Science and Technology Ecological Park, Nanshan District, Shenzhen, Guangdong, People's Republic of China 518057
Item 2.
(a)
Name of person filing:
This statement is filed by the entities listed below, all of whom together are referred to herein as the "Reporting Persons":
(1) PM Partners I LP, a British Virgin Islands partnership;
(2) PM Partners GP I Limited, a British Virgin Islands company;
(3) PAG Pegasus LLC, a Cayman Islands company;
(4) Pacific Alliance Group Limited, a Cayman Islands company; and
(5) PAG, a Cayman Islands company.
PM Partners GP I Limited serves as the general partner of PM Partners I LP. PM Partners GP I Limited is wholly owned by PAG Pegasus LLC. PAG Pegasus LLC is controlled by Pacific Alliance Group Limited. Pacific Alliance Group Limited is wholly owned by PAG.
The agreement among the Reporting Persons to file jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Act is attached to this Statement as Exhibit 99.1.
(b)
Address or principal business office or, if none, residence:
(1) The address of each of PM Partners I LP and PM Partners GP I Limited is Jayla Place, 2nd Floor, Road Town, Tortola, British Virgin Islands; and (2) the address of each of PAG Pegasus LLC, Pacific Alliance Group Limited, and PAG is c/o International Corporation Services Ltd, P.O. Box 472, 2nd Floor, Harbour Place, North Wing, 103 South Church Street, George Town, Grand Cayman KY1-1106, Cayman Islands.
(c)
Citizenship:
See Item 2(a) above.
(d)
Title of class of securities:
Class A Common Shares, par value US$0.0001 per share
(e)
CUSIP No.:
051857209
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
See Row (9) of each Reporting Person's cover page.
(b)
Percent of class:
See Row (11) of each Reporting Person's cover page.
Each Reporting Person's shareholding percentage is calculated based on the sum of (i) an aggregate of 63,479,260 Class A common shares outstanding as of September 9, 2025, as reported in the Issuer's Form 424B5 filed with the U.S. Securities and Exchange Commission on November 4, 2025 and (ii) 9,666,666 Class A common shares issuable upon exercise of the Warrant that such Reporting Person may be deemed to beneficially own.
The CUSIP number 051857209 applies to the American Depositary Shares ("ADSs") of the Issuer, which are quoted on The Nasdaq Capital Market under the symbol "JG." Three ADSs represent forty Class A common shares of the Issuer.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See Row (5) of each Reporting Person's cover page.
(ii) Shared power to vote or to direct the vote:
See Row (6) of each Reporting Person's cover page.
(iii) Sole power to dispose or to direct the disposition of:
See Row (7) of each Reporting Person's cover page.
(iv) Shared power to dispose or to direct the disposition of:
See Row (8) of each Reporting Person's cover page.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
PM Partners I LP
Signature:
/s/ Jon Robert Lewis
Name/Title:
Jon Robert Lewis / Director of PM Partners GP I Limited, the general partner of PM Partners I LP
Date:
02/18/2026
PM Partners GP I Limited
Signature:
/s/ Jon Robert Lewis
Name/Title:
Jon Robert Lewis / Director
Date:
02/18/2026
PAG Pegasus LLC
Signature:
/s/ Jon Robert Lewis
Name/Title:
Jon Robert Lewis / Manager
Date:
02/18/2026
Pacific Alliance Group Limited
Signature:
/s/ Derek Roy Crane
Name/Title:
Derek Roy Crane / Director
Date:
02/18/2026
PAG
Signature:
/s/ Derek Roy Crane
Name/Title:
Derek Roy Crane / Director
Date:
02/18/2026
Comments accompanying signature: Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his, her or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Exhibit Information
Exhibit 99.1: Joint Filing Agreement, among the Reporting Persons, dated February 18, 2026.
Exhibit 99.2: Warrant to Purchase Common Shares, between the Issuer and PM Partners I LP, dated February 11, 2026 (incorporated by reference to Exhibit 4.1 to the Issuer's Form 6-K filed with the U.S. Securities and Exchange Commission on February 11, 2026).
What does Aurora Mobile's Schedule 13G say about PM Partners' stake (JG)?
It reports 9,666,666 Class A shares issuable upon exercise of a warrant dated February 11, 2026. The filing states this equates to 13.2% when combined with 63,479,260 shares outstanding as of September 9, 2025.
Who holds voting and dispositive power over the 9,666,666 shares for JG?
The filing attributes sole voting and dispositive power to PM Partners I LP and affiliated entities, including PM Partners GP I Limited and PAG Pegasus LLC, through their stated ownership and control relationships.
How is the 13.2% ownership percentage for JG calculated?
The percentage is based on an aggregate of 63,479,260 Class A shares outstanding as of September 9, 2025 plus the 9,666,666 Class A shares issuable upon exercise of the reported warrant.
Does the filing state the warrant has been exercised for Aurora Mobile (JG)?
No. The filing describes the 9,666,666 shares as "issuable upon exercise of the Warrant" dated February 11, 2026; it does not state that the Warrant has been exercised in this excerpt.
Which entities signed the joint filing for Aurora Mobile (JG)?
The schedule is filed jointly by PM Partners I LP; PM Partners GP I Limited; PAG Pegasus LLC; Pacific Alliance Group Limited; and PAG, as stated in the filing's Item 2(a).
