He Eric 4

What Happened He Eric, a director of Agora, had restricted share units (RSUs) vest on April 1, 2026, resulting in the conversion of 1,591 RSUs into 1,591 American Depositary Shares (ADS). Simultaneously, 1,591 ADS were recorded as disposed at $0.00, which is consistent with shares being withheld to satisfy tax withholding obligations rather than a market sale. Each ADS represents four Class A ordinary shares, so the 1,591 ADS equal 6,364 underlying Class A shares.

Key Details

• Transaction date: 2026-04-01 (filed 2026-04-01; filing appears timely).
• Actions reported (transaction code M — exercise/conversion of derivative):
  • Acquired 1,591 ADS via RSU vesting (price N/A).
  • Disposed 1,591 ADS at $0.00 (derivative disposal; likely tax withholding).
• Underlying shares: 1 ADS = 4 Class A ordinary shares → 1,591 ADS = 6,364 Class A shares.
• Shares owned after transaction: not disclosed in the provided excerpt.
• Relevant footnotes:
  • RSUs convert to ADSs on vesting (each RSU = 1 ADS). (F1–F3)
  • The RSUs vest equally each month from April 1, 2026 until July 1, 2028. (F4)

Context This filing documents vested RSUs and a corresponding withholding event; it is not an open‑market purchase or sale that provides a directional trading signal. The disposal at $0.00 is typical when shares are surrendered to cover taxes or other withholding and does not reflect proceeds to the insider.