He Eric 4

What Happened

• Eric He, a director of Agora, had 1,591 restricted share units (RSUs) vest on July 1, 2026. Upon vesting these RSUs converted into 1,591 American Depositary Shares (ADS). Each ADS represents four Class A ordinary shares, so the award corresponds to 6,364 underlying Class A shares.
• The filing also shows a simultaneous disposition of 1,591 ADS with proceeds reported as $0.00. The acquisition was recorded as an exercise/conversion of a derivative (transaction code M); the disposal was recorded as a derivative disposition at $0.

Key Details

• Transaction date: 2026-07-01; Form 4 filed: 2026-07-02 (timely filing).
• Acquired: 1,591 ADS via RSU vesting (code M). Disposed: 1,591 ADS at $0.00.
• Conversion: 1 ADS = 4 Class A ordinary shares → 1,591 ADS = 6,364 Class A shares.
• Footnotes: F1/F2 indicate the ADS were acquired through RSU vesting; F3 clarifies each RSU equals the right to one ADS.
• Shares owned after the transaction are not provided in the information supplied here.

Context

• This filing documents RSU vesting (an award being settled) and a matching $0 disposal of the same ADS. Dispositions reported with $0 proceeds commonly reflect shares withheld or transferred without cash consideration (for example, to satisfy tax withholding obligations), though the filing here does not state the specific reason.
• Transaction code M denotes exercise or conversion of a derivative (here, RSUs converting into ADS). This is routine compensation-related insider activity rather than an open-market purchase or sale.