Zhou Yahui 4

4 · Opera Ltd · Filed Mar 30, 2026

AI-generated summary of this filing

Updated Mar 30, 2026

Opera (OPRA) Executive Chairman Zhou Yahui Sells 485,874 Shares

What Happened

Zhou Yahui, Executive Chairman and Director of Opera Ltd (OPRA), is reported as the controlling shareholder of Hong Kong Kunlun Tech Holding Limited. On 2026-03-26, 485,874 ordinary shares (each ADS represents one ordinary share) were disposed at $15.21 per share, for a total of $7,390,144. The Form 4 lists the transaction as code "J" (other acquisition or disposition).

Key Details

Transaction date: 2026-03-26; reported on Form 4 filed 2026-03-30.
Price and value: 485,874 shares × $15.21 = $7,390,144.
Shares owned after transaction: not specified in the filing.
Footnote context: The sale was made by Hong Kong Kunlun Tech Holding Limited to Opera under a Stock Purchase Agreement (initial tranche) as part of Opera’s previously announced $300 million ADS repurchase program. Kunlun will sell shares pro rata as Opera repurchases ADSs to maintain Kunlun’s approximate ownership percentage.
Beneficial ownership note: Zhou holds direct and indirect stakes in Kunlun and is deemed its controlling shareholder, but he disclaims beneficial ownership of the Kunlun-held shares except to the extent of any pecuniary interest.
Reporting note: Opera is a foreign private issuer; the reporting person is exempt from Section 16(b) short-swing profit recovery under the cited rules.

Context

This was a disposition (sale) by the company’s large shareholder/subsidiary as part of a negotiated sale tied to Opera’s share-repurchase program, not a typical open-market insider sale. Such transactions can be routine restructurings between a company and a major shareholder; they do not necessarily indicate personal trading intent by the named executive.

Form 4

Period: 2026-03-26

DirectorExecutive Chairman

Transactions

Other
Ordinary Shares, par value $0.0002 per share
[F1][F2]
2026-03-26$15.21/sh−485,874$7,390,144→ 54,347,459 total(indirect: See Footnote)

Holdings

Footnotes (3)

[F1]Represents the sale of Ordinary Shares by Hong Kong Kunlun Tech Holding Limited to the Issuer pursuant to a Stock Purchase Agreement dated March 24, 2026. This transaction constitutes the initial tranche of shares to be sold to the Issuer in connection with the Issuer's $300 million share repurchase program announced on February 26, 2026. Under the terms of the agreement, Hong Kong Kunlun Tech Holding Limited will continue to sell Ordinary Shares to the Issuer on a pro rata basis corresponding to the Issuer's open-market repurchases of American Depositary Shares ("ADSs") to maintain Hong Kong Kunlun Tech Holding Limited's approximate ownership percentage.
[F2]These securities are held directly by Hong Kong Kunlun Tech Holding Limited, a subsidiary of Kunlun Tech Co., Ltd. ("Kunlun"). Mr. Zhou holds 11.6% of Kunlun directly and 15.1% indirectly through Beijing Yingrui Century Software R&D Center L.P. ("Beijing Yingrui"). As the general partner of Beijing Yingrui with a 54.8% interest, Mr. Zhou has sole voting and dispositive power over the Kunlun shares held by Xinyu Yingrui. By virtue of these relationships, Mr. Zhou is the controlling shareholder of Kunlun and may be deemed to beneficially own the securities held by Hong Kong Kunlun Tech Holding Limited. Mr. Zhou disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
[F3]Each American Depositary Share ("ADS") represents one Ordinary Share of the Issuer.

Signature

/s/ Aaron McParlan, attorney-in-fact for Yahui Zhou|2026-03-30

1 file