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PDD Holdings Inc. SEC Filing: Officer Zhao Jiazhen to Sell ADS Shares

$PDD
Form
Filed on: 2024-12-09
Source
PDD Holdings Inc. SEC Filing: Officer Zhao Jiazhen to Sell ADS Shares

Based on the provided financial report excerpt, here are the key pieces of information and insights extracted:

Filer Information:

  • Filer CIK: 0001983928
  • Filer CCC: XXXXXXXX
  • Filing Type: This is a LIVE filing as indicated.

Issuer Information:

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

Securities Information:

  • Title of the Class of Securities to be Sold: ADS each representing 4 Class A Ordinary Shares
  • Broker Handling the Sale: Citigroup Global Markets
  • Address: 390 Greenwich St, New York, NY 1001
  • Number of Shares to Be Sold: 16
  • Aggregate Market Value: $1,598.24
  • Number of Shares Outstanding: 5,568,585,848
  • Approximate Date of Sale: December 9, 2024
  • Securities Exchange: NASDAQ

Securities to Be Sold:

  • Date of Acquisition: December 9, 2024
  • Nature of Acquisition Transaction: Acquired stock under the company share incentive plan
  • Name of Person from Whom Acquired: PDD Holdings Inc.
  • Is this a Gift?: No
  • Amount of Securities Acquired: 16
  • Date of Payment: December 9, 2024
  • Nature of Payment: Not Applicable

Recent Sales:

  • Sales in Past 3 Months: Nothing to report.

Remarks:

  • The closing price as of December 6, 2024, was $99.89, indicating a significant valuation for the underlying shares.

Compliance Statement:

  • The person for whose account the securities are to be sold confirms no knowledge of any undisclosed material adverse information regarding the issuer's operations.

Conclusion:

This Form 144 filing indicates that Zhao Jiazhen, an officer of PDD Holdings Inc., intends to sell a small number of American Depositary Shares (ADS) representing Class A ordinary shares. The securities have been acquired through a company incentive plan, and the filing underscores compliance with SEC regulations regarding the sale of securities. The lack of any sales reported in the past three months and the emphasis on compliance suggests a cautious approach towards trading, potentially influenced by market conditions or company performance.