Opera director granted 4,079 ADS in RSU vest

Opera Ltd (OPRA) reported that director Liu James Jian acquired 4,079 American Depositary Shares (ADSs) on 2026-08-30.

Rhea-AI Filing Summary

Opera Ltd (OPRA) reported that director Liu James Jian acquired 4,079 American Depositary Shares (ADSs) on 2026-08-30. The ADSs were received at $0.00 per ADS as a grant/award, representing ADSs acquired upon the vesting of previously granted RSUs that had been subject to a discretionary cancellation option. Following this award, Liu holds 4,079 ADSs directly.

Insider Trade Summary

Grant/Award: 4,079 shares

Grant/Award 1 txn

Insider Liu James Jian

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 — 4,079 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 ADSs Price per ADS: $0.00 Total ADSs held after transaction: 4,079 ADSs

3 metrics

ADSs acquired 4,079 ADSs Grant/award acquisition on 2026-08-30

Price per ADS $0.00 Reported transaction price for the 4,079 ADSs granted

Total ADSs held after transaction 4,079 ADSs Direct holdings of Liu James Jian following the award

Key Terms

American Depositary Shares, RSUs, foreign private issuer, short-swing profit recovery provisions

4 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.

RSUs financial

"RepresentS ADSs acquired upon the vesting of RSUs previously subject"

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

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)"

FAQ

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

What insider transaction did OPRA director Liu James Jian report on this Form 4?

Liu James Jian reported acquiring 4,079 American Depositary Shares (ADSs) of Opera Ltd on 2026-08-30 as a grant/award, with a reported price of $0.00 per ADS, increasing his direct holdings to 4,079 ADSs.

Was the OPRA Form 4 transaction a market purchase or a grant?

The Form 4 for OPRA shows a code A transaction, described as a grant, award, or other acquisition. The 4,079 ADSs were acquired upon vesting of RSUs, not through an open-market purchase.

How many OPRA ADSs does Liu James Jian own after this reported transaction?

After the transaction, Liu James Jian directly owns 4,079 American Depositary Shares (ADSs) of Opera Ltd. This figure is reported as the total shares following the transaction.

What is the relationship between OPRA ADSs and ordinary shares in this filing?

Each American Depositary Share (ADS) of Opera Ltd represents one ordinary share, according to the footnote to the Form 4. Thus, 4,079 ADSs correspond to 4,079 ordinary shares.

Were the OPRA shares in this Form 4 acquired under a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 checkbox is not checked (aff_10b5_one is false), indicating the reported acquisition of 4,079 ADSs was not affirmed as made under a Rule 10b5-1 trading plan.

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

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Available on EDGAR 08/31/2026 - 04:03 PM EDT Accepted by SEC EDGAR 08/31/2026 - 04:02 PM EDT 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^*

Liu James Jian

(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	4,079	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 James Jian Liu	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)