Every Form 4 that PDD Holdings Inc. (PDD) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow PDD and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PDD filings page.
PDD Holdings Inc. director Kam Anthony Ping Leung reported a sale of 1,705 ADSs on September 3, 2026, described as a sale in the open market or a private transaction at $82.20 per ADS. After this transaction, he reported holding no ADSs directly. Each ADS represents four Class A ordinary shares.
PDD Holdings Inc. (PDD) director Anthony Ping Leung Kam reported RSU vesting and a new equity award. On September 1, 2026, a total of 1,705 ADSs were issued upon settlement of previously granted RSUs, and a separate grant of 391 RSUs was awarded with multi‑year vesting. The transactions were not reported as made under a Rule 10b5-1 trading plan.
PDD Holdings director George Yeo reported the vesting and settlement of 1045 and 539 Restricted Share Units into a total of 1584 ADSs on August 1, 2026, plus a new award of 423 RSUs. Earlier RSUs continue to vest in 270-unit tranches in 2027 and 2028, while the new grant vests from 2028 through 2030.
PDD Holdings Inc. director and Co-Chief Executive Officer Zhao Jiazhen reported receiving a grant of options covering 50,000 ADSs. These options carry an exercise price of $0.026 per ADS and expire on June 30, 2046, functioning as equity-based compensation rather than an open-market purchase.
According to the grant terms, one-fourth of the options will become exercisable on each of July 1, 2030, July 1, 2031, July 1, 2032 and July 1, 2033, reflecting a long-term vesting schedule that incorporates a three-year lock-up period. Each option, once vested and exercised, entitles the holder to receive one American Depositary Share of PDD Holdings.
PDD Holdings Inc. reported that SVP of Engineering Wang Mi received a grant of 40,000 options to buy ADSs of the company. The options have an exercise price of $0.026 per ADS and expire on June 30, 2046.
According to the grant terms, one-fourth of the options will become exercisable on each of July 1, 2030, July 1, 2031, July 1, 2032 and July 1, 2033, reflecting a long-term vesting schedule that incorporates a three-year lock-up period. After this award, the filing shows 40,000 options held directly by Wang Mi, each representing the right to receive one ADS upon exercise.
PDD Holdings Inc. director Ivonne MCM Rietjens reported an open-market sale of 560 American depositary shares (ADSs) of PDD. The ADSs were sold at an average price of $99.5936 per ADS. Following this transaction, the filing shows Rietjens holding zero ADSs directly. Each PDD ADS represents four Class A ordinary shares.
PDD Holdings Inc. director Kam Anthony Ping Leung sold shares in the company. On March 30, 2026, he completed an open-market sale of 1,533 ADSs at an average price of $99.4287 per ADS, leaving 0 ADSs held directly after the transaction.
Each ADS represents four Class A ordinary shares, so the sale reduced his direct economic interest in PDD common equity to zero.