Opera (NASDAQ: OPRA) holder sells 485,874 shares in $300M buyback

Rhea-AI Filing Summary

Opera Ltd disclosed that Hong Kong Kunlun Tech Holding Limited, an entity associated with Executive Chairman Zhou Yahui, sold 485,874 Ordinary Shares at $15.21 per share back to Opera. The sale occurred under a Stock Purchase Agreement dated March 24, 2026.

This transaction is the initial tranche in Opera’s $300 million share repurchase program announced on February 26, 2026. Under the agreement, Hong Kong Kunlun Tech Holding Limited will continue to sell Ordinary Shares to Opera on a pro rata basis as Opera repurchases American Depositary Shares in the market to maintain its approximate ownership percentage.

After the transaction, Hong Kong Kunlun Tech Holding Limited held 54,347,459 Ordinary Shares and 6,734,110 American Depositary Shares indirectly attributable to Mr. Zhou. Each ADS represents one Ordinary Share. Mr. Zhou may be deemed to beneficially own these securities through his controlling interest in Kunlun, but he disclaims beneficial ownership except for his pecuniary interest.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Zhou Yahui

Role Executive Chairman

Type	Security	Shares	Price	Value
Other	Ordinary Shares, par value $0.0002 per share	485,874	$15.21	$7.39M
holding	American Depositary Shares	--	--	--

Holdings After Transaction: Ordinary Shares, par value $0.0002 per share — 54,347,459 shares (Indirect, See Footnote); American Depositary Shares — 6,734,110 shares (Indirect, See Footnote)

Footnotes (1)

1. Represents the sale of Ordinary Shares by Hong Kong Kunlun Tech Holding Limited to the Issuer pursuant to a Stock Purchase Agreement dated March 24, 2026. This transaction constitutes the initial tranche of shares to be sold to the Issuer in connection with the Issuer's $300 million share repurchase program announced on February 26, 2026. Under the terms of the agreement, Hong Kong Kunlun Tech Holding Limited will continue to sell Ordinary Shares to the Issuer on a pro rata basis corresponding to the Issuer's open-market repurchases of American Depositary Shares ("ADSs") to maintain Hong Kong Kunlun Tech Holding Limited's approximate ownership percentage. These securities are held directly by Hong Kong Kunlun Tech Holding Limited, a subsidiary of Kunlun Tech Co., Ltd. ("Kunlun"). Mr. Zhou holds 11.6% of Kunlun directly and 15.1% indirectly through Beijing Yingrui Century Software R&D Center L.P. ("Beijing Yingrui"). As the general partner of Beijing Yingrui with a 54.8% interest, Mr. Zhou has sole voting and dispositive power over the Kunlun shares held by Xinyu Yingrui. By virtue of these relationships, Mr. Zhou is the controlling shareholder of Kunlun and may be deemed to beneficially own the securities held by Hong Kong Kunlun Tech Holding Limited. Mr. Zhou disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. Each American Depositary Share ("ADS") represents one Ordinary Share of the Issuer.

Form 4 Insider Transactions: What Each Field Means →

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^*

Zhou Yahui

(Last) (First) (Middle)

C/O OPERA LTD

P.O. BOX 4214 NYDALEN

(Street)

OSLO NORWAY 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
X	Officer (give title below)		Other (specify below)
	Executive Chairman

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/26/2026

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
Ordinary Shares, par value $0.0002 per share	03/26/2026		J(1)		485,874	D	$15.21	54,347,459	I	See Footnote(2)
American Depositary Shares(3)								6,734,110	I	See Footnote(2)

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. Represents the sale of Ordinary Shares by Hong Kong Kunlun Tech Holding Limited to the Issuer pursuant to a Stock Purchase Agreement dated March 24, 2026. This transaction constitutes the initial tranche of shares to be sold to the Issuer in connection with the Issuer's $300 million share repurchase program announced on February 26, 2026. Under the terms of the agreement, Hong Kong Kunlun Tech Holding Limited will continue to sell Ordinary Shares to the Issuer on a pro rata basis corresponding to the Issuer's open-market repurchases of American Depositary Shares ("ADSs") to maintain Hong Kong Kunlun Tech Holding Limited's approximate ownership percentage.

2. These securities are held directly by Hong Kong Kunlun Tech Holding Limited, a subsidiary of Kunlun Tech Co., Ltd. ("Kunlun"). Mr. Zhou holds 11.6% of Kunlun directly and 15.1% indirectly through Beijing Yingrui Century Software R&D Center L.P. ("Beijing Yingrui"). As the general partner of Beijing Yingrui with a 54.8% interest, Mr. Zhou has sole voting and dispositive power over the Kunlun shares held by Xinyu Yingrui. By virtue of these relationships, Mr. Zhou is the controlling shareholder of Kunlun and may be deemed to beneficially own the securities held by Hong Kong Kunlun Tech Holding Limited. Mr. Zhou disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

3. 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 Yahui Zhou	03/30/2026
	** 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)

FAQ

What did the Opera (OPRA) Form 4 filing report for Zhou Yahui?

The filing reports a sale of 485,874 Opera Ordinary Shares by Hong Kong Kunlun Tech Holding Limited back to Opera under a Stock Purchase Agreement. This transaction is the first tranche tied to Opera’s $300 million share repurchase program announced on February 26, 2026.

How many Opera shares were sold and at what price in this Form 4?

Hong Kong Kunlun Tech Holding Limited sold 485,874 Opera Ordinary Shares at $15.21 per share to Opera. The sale was executed under a Stock Purchase Agreement and represents the initial tranche of shares delivered into Opera’s broader $300 million repurchase program.

How is Hong Kong Kunlun Tech Holding Limited related to Opera’s chairman Zhou Yahui?

Hong Kong Kunlun Tech Holding Limited is a subsidiary of Kunlun Tech Co., Ltd., where Zhou Yahui is the controlling shareholder through direct and indirect interests. Because of these relationships, he may be deemed to beneficially own Opera securities held by Hong Kong Kunlun Tech Holding Limited, subject to his pecuniary interest.

What is Opera’s share repurchase arrangement with Hong Kong Kunlun Tech Holding Limited?

Opera agreed via a Stock Purchase Agreement dated March 24, 2026 to buy Ordinary Shares from Hong Kong Kunlun Tech Holding Limited. Sales will occur pro rata with Opera’s open-market repurchases of American Depositary Shares, helping maintain Hong Kong Kunlun Tech Holding Limited’s approximate ownership percentage during the $300 million program.

What were Hong Kong Kunlun Tech Holding Limited’s Opera holdings after this transaction?

Following the reported sale, Hong Kong Kunlun Tech Holding Limited held 54,347,459 Opera Ordinary Shares and 6,734,110 American Depositary Shares. These positions are reported as indirectly attributable to Executive Chairman Zhou Yahui through his control of Kunlun Tech Co., Ltd., subject to his pecuniary interest only.

What is the ratio between Opera American Depositary Shares and Ordinary Shares?

Each Opera American Depositary Share represents one Ordinary Share of the issuer. This one-to-one ratio means the 6,734,110 American Depositary Shares reported as indirectly held by Hong Kong Kunlun Tech Holding Limited correspond to 6,734,110 underlying Ordinary Shares of Opera Ltd.