Zhao Bin, Chief Executive Officer and Director of Agora, Inc. (NASDAQ:API), filed a Form 4 on October 28, 2026, disclosing the purchase of 12,549 American Depositary Shares between October 27 and October 28, 2026, through YY TZ Limited under a Rule 10b5-1 trading plan.

Key Highlights

  • October 27 purchase: 3,000 ADS acquired at a weighted average price of $4.4735 per ADS, with individual transaction prices ranging from $4.4300 to $4.5000.
  • October 28 purchase: 9,549 ADS acquired at a weighted average price of $4.4675 per ADS, with individual transaction prices ranging from $4.4200 to $4.5000.
  • ADS holding following transactions: 2,234,882 ADS held indirectly by YY TZ Limited after both transactions.
  • Additional indirect holdings: 7,267,029 Class A Ordinary Shares held by YY TZ Limited and 76,179,938 Class B Ordinary Shares held by Much ado Limited, both indirectly attributed to Zhao Bin.
  • 10b5-1 plan: Both purchases were made pursuant to a Rule 10b5-1 trading plan adopted by YY TZ Limited on June 15, 2026.
  • ADS structure: Each ADS represents four Class A Ordinary Shares, par value $0.0001 per share, according to the filing.

Zhao Bin's ADS Purchases at Agora Through YY TZ Limited

According to the Form 4 filed with the SEC, Zhao Bin, who serves as both Chief Executive Officer and Director of Agora, Inc., reported two purchases of Agora ADS conducted through YY TZ Limited, an entity over which he holds sole directorship. The filing states that, as sole director, Zhao Bin has "discretionary authority to vote and dispose of the shares held by YY TZ Limited in Agora, Inc." Both transactions were executed under a Rule 10b5-1 trading plan that YY TZ Limited adopted on June 15, 2026.

On October 27, 2026, 3,000 ADS were acquired at a weighted average price of $4.4735, across multiple transactions priced between $4.4300 and $4.5000 per ADS. The following day, October 28, 2026, an additional 9,549 ADS were purchased at a weighted average price of $4.4675, across multiple transactions priced between $4.4200 and $4.5000 per ADS. Following both transactions, YY TZ Limited held a total of 2,234,882 ADS in Agora, all classified as indirect ownership by Zhao Bin.

The filing also discloses that Zhao Bin indirectly holds 7,267,029 Class A Ordinary Shares through YY TZ Limited and 76,179,938 Class B Ordinary Shares through Much ado Limited, another entity for which he is the sole director and holds equivalent discretionary voting and dispositive authority. The filing notes that full pricing detail for each separate transaction within the reported ranges is available upon request to the issuer, any security holder, or SEC staff.

What Was Disclosed

Zhao Bin, CEO and Director of Agora, Inc., disclosed two open-market ADS purchases totaling 12,549 ADS on October 27 and 28, 2026, made indirectly through YY TZ Limited under a pre-established Rule 10b5-1 plan, along with existing indirect holdings in Class A and Class B Ordinary Shares.