Opera Chairman Reports 1.13M-Share Sale to Company

The agreement says Hong Kong Kunlun Tech will sell on a pro rata basis corresponding to Opera’s open-market ADS repurchases to maintain its ownership percentage.

Rhea-AI Filing Summary

Opera Ltd (symbol: OPRA) is the issuer of record for a Form 4 filing submitted to the SEC. Zhou Yahui reported disposition transactions in this Form 4 filing.

Opera Ltd (OPRA) Executive Chairman Zhou Yahui reported an indirect sale by Hong Kong Kunlun Tech Holding Limited of 1,134,770 ordinary shares to Opera on September 22, 2026, at $18.82 per share. The sale was a tranche under a March 24, 2026 stock purchase agreement tied to Opera’s $300 million share repurchase program, announced February 26, 2026. Hong Kong Kunlun Tech held 52,546,694 ordinary shares after the transaction; separate indirect holdings included 6,734,110 ADSs, each representing one ordinary share. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Other: 1,134,770 shares

Other 2 txns

Insider Zhou Yahui

Role Executive Chairman

Type	Security	Shares	Price	Value
Other	Ordinary Shares, par value $0.0002 per share F1, F2	1,134,770	$18.82	$21.36M
holding	American Depositary Shares F3, F2	--	--	--

Holdings After Transaction: Ordinary Shares, par value $0.0002 per share — 52,546,694 shares (Indirect, See Footnote); American Depositary Shares — 6,734,110 shares (Indirect, See Footnote)

Footnotes (3)

1. F1. 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 a 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 ownership percentage.
2. F2. These securities are held directly by Hong Kong Kunlun Tech Holding Limited, a subsidiary of Kunlun Tech Co., Ltd. ("Kunlun"). Mr. Zhou holds 11.3% of Kunlun directly and 14.8% 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 Beijing 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. F3. Each American Depositary Share ("ADS") represents one Ordinary Share of the Issuer.

Key Figures

Ordinary shares sold: 1,134,770 shares Price per share: $18.82 per share Ordinary shares held after transaction: 52,546,694 shares +2 more

5 metrics

Ordinary shares sold 1,134,770 shares Hong Kong Kunlun Tech Holding Limited sale to Opera on September 22, 2026

Price per share $18.82 per share Sale on September 22, 2026

Ordinary shares held after transaction 52,546,694 shares Hong Kong Kunlun Tech Holding Limited

American Depositary Shares 6,734,110 ADSs Indirect holdings listed in the transaction report; each ADS represents one ordinary share

Share repurchase program $300 million Announced February 26, 2026

Key Terms

pro rata basis, American Depositary Shares, pecuniary interest, beneficially own

4 terms

pro rata basis financial

"on a pro rata basis corresponding to the Issuer's open-market repurchases"

A "pro rata basis" means dividing or distributing something proportionally according to each person's share or interest. For example, if a group shares costs or profits, each person receives or pays a portion that reflects their contribution or ownership percentage. This method ensures fairness by allocating resources in line with individual stakes, which is important for investors to understand how gains, losses, or costs are fairly shared.

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.

pecuniary interest financial

"except to the extent of his pecuniary interest therein"

beneficially own regulatory

"may be deemed to beneficially own the securities"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

FAQ

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

How many shares did Hong Kong Kunlun Tech sell to OPRA?

Hong Kong Kunlun Tech Holding Limited sold 1,134,770 ordinary shares to Opera at $18.82 per share on September 22, 2026. The transaction was described as a tranche under a stock purchase agreement dated March 24, 2026.

How is the sale connected to OPRA’s share repurchase program?

The sale was a tranche tied to Opera’s $300 million share repurchase program announced February 26, 2026. The agreement says Hong Kong Kunlun Tech will continue selling ordinary shares to Opera on a pro rata basis corresponding to Opera’s open-market repurchases of ADSs, to maintain its ownership percentage.

Did Zhou Yahui’s OPRA transaction use a Rule 10b5-1 plan?

No Rule 10b5-1 plan is reported.

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

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Available on EDGAR 09/24/2026 - 04:34 PM Accepted by SEC EDGAR 09/24/2026 - 04:33 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^*

Zhou Yahui

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/22/2026

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	09/22/2026		J(1)		1,134,770	D	$18.82	52,546,694	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 a 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 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 11.3% of Kunlun directly and 14.8% 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 Beijing 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	09/24/2026
	** 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)