Zhou Yahui 4

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.