Opera Ltd Initial Statement of Beneficial Ownership

Opera Ltd director Lori Wheeler Naess has filed an initial ownership report showing beneficial ownership of 830 American Depositary Shares, each representing one ordinary share of Opera.

Rhea-AI Filing Summary

Opera Ltd director Lori Wheeler Naess has filed an initial ownership report showing beneficial ownership of 830 American Depositary Shares, each representing one ordinary share of Opera. This Form 3 filing records her existing holdings and does not report any recent share transactions.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Naess Lori Wheeler

Role Director

Type	Security	Shares	Price	Value
holding	American Depositary Shares	--	--	--

Holdings After Transaction: American Depositary Shares — 830 shares (Direct)

Footnotes (1)

1. F1. Each American Depositary Share ("ADS") represents one Ordinary Share of the Issuer.

FAQ

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

What does Opera (OPRA) director Lori Wheeler Naess report in this Form 3?

Lori Wheeler Naess reports ownership of 830 American Depositary Shares of Opera Ltd. This initial Form 3 filing records her existing direct holdings as a director and does not disclose any recent purchases or sales of these shares.

How many Opera (OPRA) shares does each ADS represent in this filing?

Each American Depositary Share represents one ordinary share of Opera Ltd. The footnote specifies a one-to-one relationship, so 830 American Depositary Shares correspond to 830 underlying ordinary shares of the company.

Does this Opera (OPRA) Form 3 show any insider buying or selling?

No, this Form 3 does not show any buy or sell transactions. It is an initial ownership report, listing Lori Wheeler Naess’s existing direct holdings of 830 American Depositary Shares without indicating recent trading activity.

What type of security is reported for Opera (OPRA) in this Form 3?

The filing reports holdings of American Depositary Shares of Opera Ltd. These ADSs trade as a U.S.-listed instrument, and each one represents a single ordinary share issued by Opera in its home jurisdiction.

Is Lori Wheeler Naess a large (10%+) shareholder of Opera (OPRA)?

No, the Form 3 does not classify Lori Wheeler Naess as a 10% owner. She is identified as a director of Opera Ltd, reporting 830 American Depositary Shares held directly, which is below the 10% ownership threshold.

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

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Accepted by SEC EDGAR 03/18/2026 - 06:59 AM EDT Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
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hours per response:			0.5

1. Name and Address of Reporting Person^*

Naess Lori Wheeler

(Last) (First) (Middle)

C/O OPERA LTD

P.O. BOX 4214 NYDALEN

(Street)

OSLO NORWAY 0401

(City) (State) (Zip)

NORWAY

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Opera Ltd [ OPRA ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
American Depositary Shares(1)	830	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Each American Depositary Share ("ADS") represents one Ordinary Share of the Issuer.

Remarks:

The Issuer is a foreign private issuer as defined under Rule 3b-4 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). In accordance with Rule 3a12-3(b) under the Exchange Act, the Reporting Person is exempt from the short-swing profit recovery provisions of Section 16(b) of the Exchange Act.

	/s/ Aaron McParlan, attorney-in-fact for Lori Wheeler Naess	03/18/2026
	** 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 5 (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 3: SEC 1473 (03-26)