Agora (API) CEO Zhao Bin details major shareholdings and equity awards
Rhea-AI Filing Summary
Agora, Inc. filed an initial ownership report for Chief Executive Officer Zhao Bin, detailing his equity interests in the company. The filing shows direct derivative awards covering 2,250,000 ADSs under an incentive stock option with a $4.50 exercise price and an additional 2,250,000 ADSs underlying RSUs, both expiring on September 3, 2035.
The option vests 50% on September 4, 2028, with the remainder vesting monthly over the next thirty-six months. The RSUs vest in three equal tranches tied to both the same September 4, 2028 date and share price hurdles of $6.00, $10.00, and $15.00 for the company’s ADSs. Zhao Bin also has substantial indirect holdings, including 76,179,938 Class B Ordinary Shares through Much ado Limited, and 7,267,029 Class A Ordinary Shares plus 1,610,603 ADSs through YY TZ LIMITED. One ADS represents four Class A Ordinary Shares.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Incentive Stock Option (Right to Buy) | -- | -- | -- |
| holding | RSU (Restricted Stock Unit) | -- | -- | -- |
| holding | Class B Ordinary Share | -- | -- | -- |
| holding | Class A Ordinary Share | -- | -- | -- |
| holding | ADS | -- | -- | -- |
Footnotes (1)
- One ADS represents four Class A Ordinary Shares. Fifty percent of the Shares subject to the Option shall vest on September 4, 2028, and the remaining Shares shall vest equally on the Vesting Commencement Date of each month thereafter (or the last day of the month should there's no corresponding date in such month) in the next thirty-six consecutive months. One third of the RSUs shall vest immediately upon the later of (i) on September 4, 2028, or (ii) the average closing price of the Company's ADSs during any twenty consecutive trading days is not less than US$6.00. Another one third of the RSUs subject to this Award shall vest immediately upon the later of (i) on September 4, 2028, or (ii) the average closing price of the Company's ADSs during any twenty consecutive trading days is not less than US$10.00; and the remaining one third of the RSUs subject to this Award shall vest immediately upon the later of (i) on September 4, 2028, or (ii) the average closing price of the Company's ADSs during any twenty consecutive trading days is not less than US$15.00.
