A Form 4 filed with the SEC on September 4, 2026, discloses that Anthony Ping Leung Kam, a director of PDD Holdings Inc. (NASDAQ:PDD), sold 1,705 American depositary shares on September 3, 2026, at a price of $82.20 per ADS.

Key Highlights

  • Reporting person: Kam Anthony Ping Leung, listed as a Director of PDD Holdings Inc.
  • Transaction date: September 3, 2026.
  • Securities sold: 1,705 ADSs disposed of (transaction code S) at $82.20 per ADS.
  • Beneficial ownership after transaction: 0 ADSs directly held, as reported in the filing.
  • ADS structure: Each ADS represents four Class A ordinary shares of the issuer, according to the filing's footnote.
  • Filing form: Filed by one reporting person; no Rule 10b5-1 plan box was checked.

PDD Holdings Director Reports ADS Sale in September 2026 Form 4

According to the Form 4 filed on September 4, 2026, Kam Anthony Ping Leung, identified as a Director of PDD Holdings Inc., reported the disposal of 1,705 ADSs on September 3, 2026, at a price of $82.20 per ADS. The transaction is coded "S," indicating a sale. The filing was submitted by one reporting person and is not marked as an amendment to a prior filing.

The filing notes that each ADS of PDD Holdings represents four Class A ordinary shares. Following the reported transaction, the amount of ADSs beneficially owned directly by the reporting person is listed as 0. No derivative securities transactions were reported in Table II of the filing. The reporting person's address is listed as First Floor, 25 St Stephen's Green, Dublin 2, Ireland.

No Rule 10b5-1(c) plan checkbox was selected in the filing, and no deemed execution date separate from the transaction date was recorded. Table II contains no entries, meaning no options, warrants, or other derivative securities were involved in this disclosure.

What Was Disclosed

The filing discloses a single sale of 1,705 ADSs by a PDD Holdings director at $82.20 per ADS on September 3, 2026, resulting in 0 ADSs directly held by the reporting person following the transaction.