PDD files Form 144 to sell 1,533 ADS

PDD Holdings reported a proposed sale of 1,533 ADS, each representing four Class A ordinary shares.

Rhea-AI Filing Summary

PDD Holdings reported a proposed sale of 1,533 ADS, each representing four Class A ordinary shares. The ADS were acquired under a company share incentive plan on 03/01/2026 and the sale is being routed through Citigroup Global Markets. The filing date shown is 03/30/2026.

Insights

Equity Capital Markets Analyst

Form 144 notifies a brokered resale of insider-held ADS; this is a routine affiliate notice.

Form 144 lists 1,533 ADS to be sold through Citigroup Global Markets and states the ADS were acquired under a company share incentive plan on 03/01/2026. The filing is a regulatory notice required before certain affiliate sales.

Cash‑flow treatment and timing of actual sales are not specified in the excerpt; subsequent trade reports or Form 4 amendments would show executed sales and proceeds.

FAQ

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

What does PDD's Form 144 filed on 03/30/2026 report?

It reports a proposed resale of 1,533 ADS. The ADS were acquired under a company share incentive plan on 03/01/2026 and are to be sold via Citigroup Global Markets.

How many underlying Class A shares do the 1,533 ADS represent for PDD?

Each ADS represents four Class A ordinary shares, so 1,533 ADS equal 6,132 underlying shares on a one‑for‑four ADS ratio as stated in the filing.

Was the acquisition method of the ADS disclosed in PDD's filing?

Yes. The filing states the ADS were acquired under the company share incentive plan on 03/01/2026, indicating a compensation or incentive grant source.

Does Form 144 confirm that the ADS have been sold?

No. Form 144 is a notice of a proposed sale; the filing lists the maximum number proposed to be sold but does not confirm execution or proceeds.

Which broker-dealer is handling the proposed sale in PDD's Form 144?

The broker-dealer listed is Citigroup Global Markets with an address at 390 Greenwich St, New York, NY, as shown in the filing.

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

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Accepted by SEC EDGAR 03/30/2026 - 08:04 AM EDT 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	0001993262
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	Kam Anthony Ping Leung
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

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	1533	153008.73	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			1533	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)