Kam Anthony Ping Leung 4

What Happened

• Kam Anthony Ping Leung, a director of PDD Holdings (PDD), reported an open-market sale of 1,533 ADS on March 30, 2026. The reported price was $99.43 per ADS for a total reported value of $152,424. Each ADS represents four Class A ordinary shares, so this sale equals 6,132 underlying ordinary shares.

Key Details

• Transaction date: 2026-03-30; Report filed: 2026-04-01.
• Transaction type: Sale (S) — open market.
• Price per ADS: $99.43; Total reported proceeds: $152,424.
• ADS-to-ordinary share ratio: 1 ADS = 4 Class A ordinary shares (footnote F1).
• Shares owned after the transaction: Not specified in the provided filing excerpt.
• No special conditions (e.g., 10b5-1 plan, gift, option exercise, or tax-withholding detail) were disclosed in the supplied transaction details.
• Filing timeliness: Report filed two days after the transaction date; the filing does not indicate a late-report flag.

Context

• This was a straightforward sale by a company director. Sales are common and can be routine (e.g., portfolio rebalancing or liquidity needs); they do not by themselves indicate the director’s view of the company’s prospects. Purchases generally carry more informational weight for investors.