Opera director awarded 4,079 ADSs in RSU vest

Opera Ltd (OPRA) reported that director Lori Wheeler Naess acquired 4,079 American Depositary Shares (ADSs) on 2026-08-30 through the vesting of previously granted RSUs that had been subject to a discretionary cancellation option.

Rhea-AI Filing Summary

Opera Ltd (OPRA) reported that director Lori Wheeler Naess acquired 4,079 American Depositary Shares (ADSs) on 2026-08-30 through the vesting of previously granted RSUs that had been subject to a discretionary cancellation option. The ADSs were acquired at a stated price of $0.00 per ADS, bringing Naess’s direct holdings to 4,909 ADSs, each representing one ordinary share of Opera Ltd.

Insider Trade Summary

Grant/Award: 4,079 shares

Grant/Award 1 txn

Insider Naess Lori Wheeler

Role Director

Type	Security	Shares	Price	Value
Grant/Award	American Depositary Shares F1, F2	4,079	$0.00	$0.00

Holdings After Transaction: American Depositary Shares — 4,909 shares (Direct)

Footnotes (2)

1. F1. Each American Depositary Share ("ADS") represents one Ordinary Share of the Issuer.
2. F2. Represents ADSs acquired upon the vesting of RSUs previously subject to a discretionary cancellation option.

Key Figures

ADSs acquired: 4,079 American Depositary Shares Price per ADS: $0.00 per American Depositary Share ADSs owned after transaction: 4,909 American Depositary Shares +1 more

4 metrics

ADSs acquired 4,079 American Depositary Shares Grant, award, or other acquisition on 2026-08-30

Price per ADS $0.00 per American Depositary Share Equity award received upon RSU vesting

ADSs owned after transaction 4,909 American Depositary Shares Direct holdings of Lori Wheeler Naess following the award

ADS to ordinary share ratio 1 ADS represents 1 Ordinary Share Structure of Opera Ltd’s American Depositary Shares

Key Terms

American Depositary Shares, Restricted Stock Units, foreign private issuer, short-swing profit recovery provisions, +1 more

5 terms

American Depositary Shares financial

"Each American Depositary Share ("ADS") represents one Ordinary Share"

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.

Restricted Stock Units financial

"acquired upon the vesting of RSUs previously subject to a discretionary"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

foreign private issuer regulatory

"The Issuer is a foreign private issuer as defined under Rule 3b-4"

A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.

short-swing profit recovery provisions regulatory

"exempt from the short-swing profit recovery provisions of Section 16(b)"

Section 16(b) regulatory

"provisions of Section 16(b) of the Exchange Act"

A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.

FAQ

What insider transaction did OPRA director Lori Wheeler Naess report on this Form 4?

Lori Wheeler Naess reported acquiring 4,079 American Depositary Shares of Opera Ltd on 2026-08-30, received upon the vesting of previously granted RSUs, increasing her direct holdings to 4,909 ADSs.

How many Opera Ltd (OPRA) ADSs does Lori Wheeler Naess own after this transaction?

After the reported transaction, Lori Wheeler Naess directly owns 4,909 American Depositary Shares of Opera Ltd, according to the Form 4 disclosure.

What was the price per share for the OPRA ADSs acquired by Lori Wheeler Naess?

The Form 4 states a transaction price of $0.00 per American Depositary Share, reflecting that the 4,079 ADSs were received as an equity award upon RSU vesting rather than bought in the open market.

How were the 4,079 OPRA ADSs acquired by Lori Wheeler Naess granted?

The 4,079 ADSs were acquired upon the vesting of restricted stock units (RSUs) that had been subject to a discretionary cancellation option, as described in the footnotes to the Form 4.

What does each Opera Ltd (OPRA) ADS represent in this Form 4 filing?

Each American Depositary Share of Opera Ltd represents one ordinary share of the company, according to the footnote in the Form 4.

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

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Available on EDGAR 08/31/2026 - 04:11 PM Accepted by SEC EDGAR 08/31/2026 - 04:10 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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^*

Naess Lori Wheeler

(Last) (First) (Middle)

C/O OPERA LTD

P.O. BOX 4214 NYDALEN

(Street)

OSLO 0401

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/30/2026

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

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
American Depositary Shares(1)	08/30/2026		A(2)		4,079	A	$0	4,909	D

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)
				Code	V	(A)	(D)	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.

2. Represents ADSs acquired upon the vesting of RSUs previously subject to a discretionary cancellation option.

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	08/31/2026
	** 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 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)