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PDD Holdings Inc. Live SEC Filing: 20,000 ADS Sale Announcement

$PDD
Form 144
Filed on: 2024-03-27
Source
PDD Holdings Inc. Live SEC Filing: 20,000 ADS Sale Announcement

Based on the provided financial report section, here are the key information and insights extracted:

Filer Information:

  • Filer CIK: 0001983928
  • Filer CCC: XXXXXXXX
  • Filing Type: LIVE (not a test filing)

Issuer Information:

  • Name of Issuer: PDD Holdings Inc.
  • SEC File Number: 001-38591
  • Address of Issuer:
  • FIRST FLOOR, 25 ST STEPHEN'S GREEN
  • DUBLIN 2, IRELAND
  • D02 XF99
  • Phone: 353 1 5397938
  • Contact Person for Sale: Zhao Jiazhen
  • Relationship to Issuer: Officer

Securities Information:

  • Class of Securities to be Sold: ADS each representing 4 Class A ordinary shares
  • Broker: Georgeson Securities Corporation
  • Address: 144 Fernwood Ave, Edison, NJ 08837
  • Number of Shares to be Sold: 20,000
  • Aggregate Market Value: $2,402,000.00
  • Total Shares Outstanding: 5,565,108,648
  • Approximate Date of Sale: March 27, 2024
  • Securities Exchange: NASDAQ

Securities Acquisition Information:

  • Acquisition Date: March 27, 2024
  • Nature of Acquisition: Acquired stock under company share incentive plan
  • Name of Person from Whom Acquired: PDD Holdings Inc.
  • Is this a Gift?: No
  • Amount of Securities Acquired: 20,000
  • Payment Date: March 27, 2024
  • Nature of Payment: Not Applicable (NA)

Recent Sales Information:

  • There are no reported sales of securities by the individual for whose account the securities are to be sold in the past three months.

Remarks:

  • The report includes remarks indicating calculations based on the closing price of $120.10 on March 26, 2024, for the securities being sold.

Date of Notice:

  • Date: March 27, 2024

Additional Notes:

  • The notice emphasizes that the person selling the securities does not possess any undisclosed material adverse information regarding the issuer's operations.
  • The document is signed with a note that the signature is conformed and on file.

Summary Insight:

This Form 144 filing indicates a planned sale of a significant number of shares (20,000 ADS) by an officer of PDD Holdings Inc., reflecting a potential liquidity event or shift in personal investment strategy. The aggregation of shares and their substantial market value suggest that this could influence market perceptions and trading dynamics for PDD Holdings.