What does each Opera (OPRA) American Depositary Share represent?

Each Opera American Depositary Share represents one ordinary share of the company, according to the footnotes. ADS structures allow investors to trade a foreign company’s shares on U.S.-accessible markets while economically tracking the underlying ordinary shares on a one-for-one basis here.

Opera (OPRA) CEO Song Lin sells 70,000 ADS in two open-market trades

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Opera Ltd Chief Executive Officer Song Lin reported selling American Depositary Shares in two open-market transactions. 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, for total reported sales of 70,000 ADS. Following these transactions, he directly holds 120,846 ADS. Each ADS represents one ordinary share of Opera Ltd.

Insider Trade Summary

Net Seller: 70,000 shares ($1,305,616)

Net Sell 2 txns

Insider Song Lin

Role Chief Executive 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 — 120,846 shares (Direct, null)

Footnotes (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.

Key Figures

Total ADS sold: 70,000 ADS Shares sold on June 17, 2026: 25,600 ADS June 17 weighted average price: $18.88 per ADS +3 more

6 metrics

Total ADS sold 70,000 ADS Net insider sales reported in Form 4

Shares sold on June 17, 2026 25,600 ADS Open-market sale at weighted average price

June 17 weighted average price $18.88 per ADS Weighted average sale price on June 17, 2026

Shares sold on June 18, 2026 44,400 ADS Open-market sale at weighted average price

June 18 weighted average price $18.52 per ADS Weighted average sale price on June 18, 2026

Post-transaction holdings 120,846 ADS Directly held after June 18, 2026 sale

Key Terms

American Depositary Shares, weighted average sale price, open-market sale, non-derivative

4 terms

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.

weighted average sale price financial

"The price reported in Column 4 for each transaction reflects the weighted average sale price."

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.

non-derivative financial

"transaction_type": "non-derivative""

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Form 4 Insider Transactions: What Each Field Means →

06/22/2026 - 04:04 PM

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^*

Song Lin

(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)
	Chief Executive 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)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
American Depositary Shares⁽¹⁾	06/17/2026		S		25,600	D	$18.88⁽²⁾	165,246	D
American Depositary Shares⁽¹⁾	06/18/2026		S		44,400	D	$18.52⁽²⁾	120,846	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 Lin Song	06/22/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Opera (OPRA) CEO Song Lin report?

Opera CEO Song Lin reported selling 70,000 American Depositary Shares in open-market transactions. The sales occurred on June 17 and June 18, 2026, at weighted average prices of $18.88 and $18.52 per ADS, respectively, and were disclosed as routine Form 4 activity.

How many Opera (OPRA) shares does Song Lin hold after these sales?

After the reported sales, Song Lin directly holds 120,846 American Depositary Shares of Opera. Each ADS represents one ordinary share, so this figure reflects his remaining direct equity stake as disclosed in the filing’s post-transaction ownership column for the most recent sale date.

At what prices did the Opera (OPRA) CEO sell his ADS on June 17 and 18, 2026?

The reported weighted average sale price was $18.88 per ADS on June 17, 2026, and $18.52 per ADS on June 18, 2026. Footnotes note multiple individual trades those days, with prices ranging from $18.70 to $19.15 and from $18.14 to $18.82, respectively.

How many Opera (OPRA) ADS did Song Lin sell on each transaction date?

Song Lin sold 25,600 American Depositary Shares on June 17, 2026, and 44,400 ADS on June 18, 2026. Combined, these open-market sales totaled 70,000 ADS as reported in the transaction summary, all categorized as non-derivative common equity transactions.