PDD Holdings (PDD) director Kam Leung discloses RSU and ADS holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
PDD Holdings Inc. director Kam Anthony Ping Leung has filed an initial Form 3 reporting his equity interests in the company. The filing lists multiple awards of restricted share units (RSUs) over ADSs with a zero exercise price and separate direct holdings of 1,533 ADSs. Each RSU settles into one ADS, and each ADS represents four Class A ordinary shares. The RSUs are scheduled to vest on various dates from September 1, 2026 through March 1, 2030, in installments tied to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
Kam Anthony Ping Leung
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Share Units (RSUs) | -- | -- | -- |
| holding | Restricted Share Units (RSUs) | -- | -- | -- |
| holding | Restricted Share Units (RSUs) | -- | -- | -- |
| holding | Restricted Share Units (RSUs) | -- | -- | -- |
| holding | Restricted Share Units (RSUs) | -- | -- | -- |
| holding | Restricted Share Units (RSUs) | -- | -- | -- |
| holding | Restricted Share Units (RSUs) | -- | -- | -- |
| holding | Restricted Share Units (RSUs) | -- | -- | -- |
| holding | ADSs | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units (RSUs) — 1,220 shares (Direct);
ADSs — 1,533 shares (Direct)
Footnotes (1)
- Each American depositary share ("ADS") of the Issuer represents four (4) Class A ordinary shares. These RSUs are scheduled to vest on September 1, 2026, subject to continued service through the vesting date. Each RSU represents the right to receive, at settlement after vesting, one American depositary share ("ADS") of the Issuer. These RSUs are scheduled to vest on March 1, 2027, subject to continued service through the vesting date. These RSUs are scheduled to vest on September 1, 2027, subject to continued service through the vesting date. These RSUs are scheduled to vest on March 1, 2028, subject to continued service through the vesting date. 50% of these RSUs are scheduled to vest on September 1, 2026 and 25% of these RSUs are scheduled to vest on each of September 1, 2027 and September 1, 2028, subject in each case to continued service through each vesting date. 50% of these RSUs are scheduled to vest on March 1, 2027 and 25% of these RSUs are scheduled to vest on each of March 1, 2028 and March 1, 2029, subject in each case to continued service through each vesting date. 50% of these RSUs are scheduled to vest on September 1, 2027 and 25% of these RSUs are scheduled to vest on each of September 1, 2028 and September 1, 2029, subject in each case to continued service through each vesting date. 50% of these RSUs are scheduled to vest on March 1, 2028 and 25% of these RSUs are scheduled to vest on each of March 1, 2029 and March 1, 2030, subject in each case to continued service through each vesting date.
FAQ
What does Kam Anthony Ping Leung report owning in PDD on this Form 3?
He reports multiple restricted share unit (RSU) awards over PDD ADSs and direct ownership of 1,533 ADSs. Each RSU converts into one ADS at settlement, reflecting his equity-based compensation and direct share position as a director.
When do Kam Anthony Ping Leung’s PDD RSUs vest according to the filing?
The RSUs vest on a schedule between September 1, 2026 and March 1, 2030. Several awards vest either fully on a single date or in 50% and 25% tranches across multiple future dates, all requiring continued service to PDD Holdings.
What does each RSU reported by Kam Anthony Ping Leung convert into?
Each restricted share unit converts into one PDD American depositary share (ADS) after it vests and settles. This links his compensation directly to the company’s traded ADSs, aligning part of his potential future value with PDD’s market performance.
Does this PDD Form 3 show any insider buying or selling activity?
No explicit buy or sell transactions are shown in the provided data. The entry records Kam Anthony Ping Leung’s existing RSU awards and ADS holdings, serving as a baseline disclosure of his equity position as a new reporting insider.