Jacobsen Frode 4
4 · Opera Ltd · Filed Jun 22, 2026
Research Summary
AI-generated summary of this filing
Opera (OPRA) CFO Frode Jacobsen Sells 70,000 Shares
What Happened
Frode Jacobsen, Chief Financial Officer of Opera Ltd (OPRA), sold a total of 70,000 American Depositary Shares (ADSs) in open-market transactions: 25,600 ADSs on June 17, 2026 at a weighted average price of $18.88 ($483,328) and 44,400 ADSs on June 18, 2026 at a weighted average price of $18.52 ($822,288). Total proceeds were approximately $1,305,616. These were sales (not purchases or option exercises), which are often routine transactions by insiders.
Key Details
- Transaction dates: June 17, 2026 and June 18, 2026. Filing date (Form 4): June 22, 2026.
- Prices: weighted averages — $18.88 (6/17; price range $18.70–$19.15) and $18.52 (6/18; price range $18.14–$18.82). (Reporting person offered to provide per-price breakdown on request.)
- Shares sold: 25,600 (6/17) + 44,400 (6/18) = 70,000 ADSs; total proceeds ≈ $1,305,616.
- ADS note: each ADS represents one ordinary share of the issuer.
- Ownership after transaction: not specified in the provided excerpt.
- Filing timeliness: Form filed June 22, 2026; the excerpt does not indicate a late-file flag.
- Regulatory note: As a foreign private issuer, Opera (and the reporting person under Rule 3a12-3(b)) is exempt from Section 16(b) short-swing profit recovery.
Context
Sales by executives can reflect many reasons (taxes, diversification, liquidity) and are not, by themselves, a clear signal about company prospects. This summary is factual only — it does not speculate on motivation. If you want, I can fetch the full Form 4 to show post-transaction holdings or the per-trade price breakdown.
Insider Transaction Report
- Sale
American Depositary Shares
[F1][F2]2026-06-17$18.88/sh−25,600$483,328→ 87,725 total - Sale
American Depositary Shares
[F1][F2]2026-06-18$18.52/sh−44,400$822,288→ 43,325 total
Footnotes (2)
- [F1]Each American Depositary Share ("ADS") represents one Ordinary Share of the Issuer.
- [F2]The price reported in Column 4 for each transaction reflects the weighted average sale price. The shares sold on June 17, 2026 were sold in multiple transactions at prices ranging from $18.70 to $19.15 per share, inclusive. The shares sold on June 18, 2026 were sold in multiple transactions at prices ranging from $18.14 to $18.82 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.