Rietjens Ivonne MCM 4

What Happened

• Ivonne Rietjens, a director of PDD Holdings Inc. (PDD), sold 560 shares in an open-market transaction on March 30, 2026. The reported sale price was $99.59 per share, for total proceeds of $55,772. This was a sale (transaction code S), which is typically a liquidity or routine transaction rather than a direct signal of company performance.

Key Details

• Transaction date and price: March 30, 2026 — 560 shares at $99.59 each.
• Total value: $55,772.
• Shares owned after transaction: Not specified in the filed Form 4.
• Footnote: Each American Depositary Share (ADS) represents four (4) Class A ordinary shares — the 560 ADS sold correspond to 2,240 underlying Class A shares (per filing footnote F1).
• Filing timeliness: Report filed Apr 1, 2026 (no late-filing indication in this record).

Context

• This was a straightforward open-market sale of ADSs by a board director. Sales by directors can be routine (e.g., diversification or personal liquidity) and do not by themselves indicate a change in company fundamentals.