PDD files Form 144 for ADS resale via Citigroup

Rhea-AI Filing Summary

PDD Holdings Inc. submitted a Form 144 notice relating to the potential sale of ADSs, each representing four Class A ordinary shares. The filing lists Citigroup Global Markets as the broker and records an acquisition under the company share incentive plan on 03/01/2026.

The table in the excerpt shows a numeric entry of 560 alongside other numeric fields and a filing/date reference of 03/30/2026; trading venue is listed as NASDAQ. The excerpt provides limited transaction detail beyond these items.

Insights

Securities Compliance Counsel

Form 144 notice lists proposed resale of ADSs via Citigroup and notes acquisition under a share incentive plan.

The entry identifies the security as an ADS each representing four Class A ordinary shares and names Citigroup Global Markets as broker-dealer. A date of 03/01/2026 is tied to acquisition under the share incentive plan and 03/30/2026 appears as a filing/transaction date.

Timing, exact share count for sale, price, and proceeds treatment are not detailed in the excerpt; future filings or a complete Form 144 would typically show proposed sale amounts and methods.

FAQ

What securities does PDD (PDD) list in this Form 144?

The filing lists ADSs, each representing four Class A ordinary shares. The excerpt explicitly states "ADS EACH REPRESENTING FOUR CLASS A ORDINARY SHARES" as the security being reported for potential resale.

Who is the broker-dealer named in the PDD Form 144 excerpt?

The broker-dealer listed is Citigroup Global Markets with address at 390 Greenwich St, New York. The excerpt shows Citigroup named alongside the securities to be sold.

When was the stock acquired according to the PDD excerpt?

The excerpt records acquisition under the company share incentive plan on 03/01/2026. That acquisition date is shown in the securities-to-be-sold row.

Does the excerpt state how many ADSs are being sold for PDD?

The excerpt includes the numeric value 560 in the securities table, but the filing text in the provided excerpt does not clearly label that number as the exact quantity offered for sale.

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

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Accepted by SEC EDGAR 03/30/2026 - 07:58 AM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0002117958
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	PDD Holdings Inc.
SEC File Number	001-38591
Address of Issuer	FIRST FLOOR, 25 ST STEPHEN'S GREEN DUBLIN 2 IRELAND D02XF99
Phone	353 1 5397938
Name of Person for Whose Account the Securities are To Be Sold	Rietjens Ivonne MCM
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Director
Relationship to Issuer	NON EXECUTIVE DIRECTOR

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
ADS EACH REPRESENTING FOUR CLASS A ORDINARY SHARES	CITIGROUP GLOBAL MARKETS 390 GREENWICH ST NEW YORK NY 10013	560	55893.60	5693585848	03/30/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
ADS EACH REPRESENTING FOUR CLASS A ORDINARY SHARES	03/01/2026	ACQUIRED STOCK UNDER COMPANY SHARE INCENTIVE PLAN	PDD HOLDINGS INC			560	03/30/2026	NA

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks	SECTION 3 C BASED ON ADS. SECTION 3D BASED ON CLOSING PRICE OF 99.81 ON MARCH 27 2026. SECTION 3E SHARES OR OTHER UNITS OUTSTANDING BASED ON ORDINARY SHARES. UNDER SECURITIES TO BE SOLD NATURE OF PAYMENT NA
Date of Notice	03/30/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	CONFORMED SIGNATURE ON FILE
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)