Zhou Yahui 4

What Happened

• Zhou Yahui, Executive Chairman and Director, is reported as disposing of 665,995 ordinary shares on 2026-06-26 at $16.01 per share, for proceeds of $10,662,580. The Form 4 lists the transaction as an "Other acquisition or disposition (J)" — in this case a disposition (sale).
• The shares were sold by Hong Kong Kunlun Tech Holding Limited to Opera pursuant to a Stock Purchase Agreement tied to Opera’s $300 million share repurchase program announced February 26, 2026 (see footnote F1). Each American Depositary Share (ADS) represents one ordinary share (F3).

Key Details

• Transaction date and price: 2026-06-26, 665,995 shares at $16.01 each; total ~$10,662,580.
• Filing context: The shares were sold to the Issuer under a stock purchase agreement as part of the Issuer’s ADS repurchase program; Hong Kong Kunlun Tech Holding Limited will continue selling pro rata to maintain its ownership percentage (F1).
• Reporting relationship: The securities are held directly by Hong Kong Kunlun Tech Holding Limited (a Kunlun subsidiary). Zhou is a controlling shareholder of Kunlun and may be deemed to beneficially own these securities but disclaims beneficial ownership except to the extent of his pecuniary interest (F2).
• Shares owned after transaction: Not specified in the provided summary of the filing.
• Timeliness/filing status: No late-filing indication in the disclosed remarks; the filing notes the Issuer is a foreign private issuer and the reporting person is exempt from Section 16(b) short-swing profit rules.

Context

• This sale is part of a structured arrangement tied to Opera’s share-repurchase program rather than an obvious open-market personal sale; such transactions can be routine corporate rebalancing and do not necessarily reflect the insider’s view of the company’s prospects.
• Because the reported sale was executed by a corporate holder (Hong Kong Kunlun) and Zhou is reported due to his control links, interpret this as related to corporate ownership structure and the repurchase agreement rather than a straightforward personal trade.