SEC Form 4 · accession 0001104659-26-080480
PDD Holdings Inc. · PDD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jiazhen Zhao
Officer — Co-Chief Executive Officer · Director
Period of report
Jul 1, 2026
Accepted (ET)
Jul 2, 2026 · 8:44 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001737806
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options (right to buy)F1,F2 | $0.026 | Jul 1, 2026 | A | 50,000 | A | — | Jun 30, 2046 | ADSs | 50,000 | 50,000 | D |
Explanation of responses
- F1One-fourth of these options will become exercisable on each of the following dates: July 1, 2030, July 1, 2031, July 1, 2032 and July 1, 2033. The date exercisable has taken into account the three-year lock-up period included as a term in the grant of options.
- F2Each option represents the right to receive, at settlement after exercise, one American Depositary Share ("ADS") of the Issuer.