Opera (OPRA) Exec Chairman Zhou Yahui Sells 1.13M Shares

What Happened Zhou Yahui, Executive Chairman and Director of Opera Ltd (OPRA), is reporting a disposition of 1,134,770 ordinary shares (each represented by one ADS) at $18.82 per share for a total of approximately $21,356,371. The transaction is coded as an "Other acquisition or disposition" (Code J) and, per the filing, reflects a sale of shares held directly by Hong Kong Kunlun Tech Holding Limited to the issuer as part of Opera’s share repurchase activity.

Key Details

• Transaction date: 2026-09-22; Report filed on 2026-09-24 (filed within the normal Form 4 reporting window).
• Price and amount: 1,134,770 shares at $18.82 each; total ≈ $21,356,371.
• Shares owned after transaction: Not specified in the provided filing excerpt. The sold securities were held directly by Hong Kong Kunlun Tech Holding Limited.
• Important footnotes:
  • F1: The sale was effected by Hong Kong Kunlun Tech Holding Limited to the Issuer under a Stock Purchase Agreement tied to Opera’s $300M share repurchase program. Kunlun will continue selling shares pro rata to match Opera’s ADS repurchases to maintain its ownership percentage.
  • F2: Securities are held by Hong Kong Kunlun (a Kunlun Tech Co., Ltd. subsidiary). Mr. Zhou holds direct and indirect stakes in Kunlun and may be deemed to beneficially own those securities, though he disclaims beneficial ownership except to the extent of any pecuniary interest.
  • F3: Each ADS equals one ordinary share.
• Filing/insider rules: Opera is a foreign private issuer; the reporting person is exempt from Section 16(b) short-swing profit recovery per the filing remarks.

Context This was a reported disposition (sale) tied to a corporate share repurchase arrangement rather than an open-market, personal sell-off. For retail investors: sales related to corporate repurchase program mechanics or transfers by affiliated entities may not signal the same intent as a personal, open-market sale by the insider. The filing appears timely based on the provided dates.