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Opera (NASDAQ: OPRA) CFO sells 70,000 ADS in mid-June insider trades

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Opera Ltd’s Chief Financial Officer, Frode Jacobsen, reported open-market sales of American Depositary Shares. On June 17, 2026, he sold 25,600 ADS at a weighted average price of $18.88 per ADS. On June 18, 2026, he sold an additional 44,400 ADS at a weighted average price of $18.52 per ADS.

Each ADS represents one ordinary share of Opera Ltd. After these transactions, Jacobsen directly holds 43,325 ADS. The filing notes that each day’s sales were executed in multiple trades within specified price ranges, with detailed trade breakdowns available on request.

Positive

  • None.

Negative

  • None.

Insights

Opera’s CFO executed routine open-market ADS sales totaling 70,000 shares.

The filing shows Chief Financial Officer Frode Jacobsen executed two open-market sales of Opera Ltd American Depositary Shares in mid-June 2026, totaling 70,000 ADS. These are straightforward non-derivative sales with no associated option exercises or derivatives reported.

He sold 25,600 ADS at $18.88 on June 17, 2026 and 44,400 ADS at $18.52 on June 18, 2026, with prices given as weighted averages over multiple trades. Following the transactions, he directly holds 43,325 ADS, and no remaining derivative positions are listed in this filing.

Insider Jacobsen Frode
Role Chief Financial Officer
Sold 70,000 shs ($1.31M)
Type Security Shares Price Value
Sale American Depositary Shares 44,400 $18.52 $822K
Sale American Depositary Shares 25,600 $18.88 $483K
Holdings After Transaction: American Depositary Shares — 43,325 shares (Direct, null)
Footnotes (1)
  1. Each American Depositary Share ("ADS") represents one Ordinary Share of the Issuer. The price reported in Column 4 for each transaction reflects the weighted average sale price. The shares sold on June 17, 2026 were sold in multiple transactions at prices ranging from $18.70 to $19.15 per share, inclusive. The shares sold on June 18, 2026 were sold in multiple transactions at prices ranging from $18.14 to $18.82 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Total ADS sold 70,000 ADS Open-market sales on June 17–18, 2026
June 17 sale 25,600 ADS at $18.88 Weighted average sale price
June 18 sale 44,400 ADS at $18.52 Weighted average sale price
Post-transaction holdings 43,325 ADS Directly held after June 18, 2026 sale
ADS to ordinary share ratio 1 ADS = 1 ordinary share Capital structure description
American Depositary Shares financial
"Each American Depositary Share ("ADS") represents one Ordinary Share of the Issuer."
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.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average sale price financial
"The price reported in Column 4 for each transaction reflects the weighted average sale price."
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Form 4 Insider Transactions: What Each Field Means →
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).
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*
Jacobsen Frode
(Last)(First)(Middle)
C/O OPERA LTD
P.O. BOX 4214 NYDALEN
(Street)
OSLONORWAY0401
(City)(State)(Zip)
NORWAY
(Country)		2. Issuer Name and Ticker or Trading Symbol
Opera Ltd [ OPRA ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Financial Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026		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
American Depositary Shares(1)06/17/2026S25,600D$18.88(2)87,725D
American Depositary Shares(1)06/18/2026S44,400D$18.52(2)43,325D
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. Each American Depositary Share ("ADS") represents one Ordinary Share of the Issuer.
2. The price reported in Column 4 for each transaction reflects the weighted average sale price. The shares sold on June 17, 2026 were sold in multiple transactions at prices ranging from $18.70 to $19.15 per share, inclusive. The shares sold on June 18, 2026 were sold in multiple transactions at prices ranging from $18.14 to $18.82 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
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 Frode Jacobsen06/22/2026
** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Opera (OPRA) report for its CFO?

Opera’s Chief Financial Officer, Frode Jacobsen, reported two open-market sales of American Depositary Shares. He sold 25,600 ADS on June 17, 2026 and 44,400 ADS on June 18, 2026, totaling 70,000 ADS sold.

At what prices did Opera (OPRA) CFO sell his American Depositary Shares?

The CFO’s ADS sales used weighted average prices. On June 17, 2026 he sold shares at an average of $18.88, and on June 18, 2026 at an average of $18.52, within disclosed intraday price ranges for each trading day.

How many Opera (OPRA) shares does the CFO hold after these sales?

After completing the reported transactions, Opera’s CFO directly holds 43,325 American Depositary Shares. This post-transaction holding reflects his remaining direct position following the combined sale of 70,000 ADS over June 17 and June 18, 2026.

Do Opera (OPRA) American Depositary Shares represent ordinary shares?

Yes. Each Opera American Depositary Share, or ADS, represents one ordinary share of Opera Ltd. This 1:1 relationship between ADS and ordinary shares is explicitly stated, helping investors understand how ADS holdings translate into underlying equity exposure.

Were Opera (OPRA) CFO’s June 2026 ADS sales single trades or multiple trades?

The CFO’s sales were executed in multiple transactions each day. The filing reports weighted average sale prices, with June 17 trades ranging from $18.70–$19.15 and June 18 trades ranging from $18.14–$18.82 per ADS, inclusive.