Jacobsen Frode 4

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.