PDD · PDD Holdings Inc. · Insider Trading
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 4 and 5. Form 3 supplies initial ownership rather than a trade; Form 4 must be filed within two business days of the trade.
Insider Sentiment Score
Peer-relative 0–100 rank of how aggressively insiders accumulated over the trailing 90 days. See the full ranking.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2026-09-03 | Kam Anthony Ping Leung |
Director |
Sell↓
Filing footnotes — ADSs (Direct)
Each American depositary share ("ADS") of the Issuer represents four (4) Class A ordinary shares. |
ADSs
|
1,705 |
| 2026-09-01 | Kam Anthony Ping Leung |
Director |
Convert↓
Filing footnotes — Restricted Share Units (RSUs) (Direct)
Each RSU represents the right to receive, at settlement after vesting, one ADS. These RSUs vested on September 1, 2026 and were settled in ADSs on the same date. Each American depositary share ("ADS") of the Issuer represents four (4) Class A ordinary shares. |
Restricted Share Units (RSUs)
|
1,220 |
| 2026-09-01 | Kam Anthony Ping Leung |
Director |
Convert↑
Filing footnotes — ADSs (Direct)
Each American depositary share ("ADS") of the Issuer represents four (4) Class A ordinary shares. Each RSU represents the right to receive, at settlement after vesting, one ADS. |
ADSs
|
1,705 |
| 2026-09-01 | Kam Anthony Ping Leung |
Director |
Convert↓
Filing footnotes — Restricted Share Units (RSUs) (Direct)
Each RSU represents the right to receive, at settlement after vesting, one ADS. 485 of these RSUs vested on September 1, 2026 and were settled in ADSs on the same date. 243 of these RSUs are scheduled to vest on each of September 1, 2027 and September 1, 2028, subject in each case to continued service through each vesting date. Each American depositary share ("ADS") of the Issuer represents four (4) Class A ordinary shares. |
Restricted Share Units (RSUs)
|
485 |
| 2026-09-01 | Kam Anthony Ping Leung |
Director |
Award↑
Filing footnotes — Restricted Share Units (RSUs) (Direct)
Each RSU represents the right to receive, at settlement after vesting, one ADS. 50% of these RSUs are scheduled to vest on September 1, 2028 and 25% of these RSUs are scheduled to vest on each of September 1, 2029 and September 1, 2030, subject in each case to continued service through each vesting date. Each American depositary share ("ADS") of the Issuer represents four (4) Class A ordinary shares. |
Restricted Share Units (RSUs)
|
391 |
| 2026-08-01 | Yeo George Yong-Boon |
Director |
Award↑
Filing footnotes — Restricted Share Units (RSUs) (Direct)
Each RSU represents the right to receive, at settlement after vesting, one American depositary share ("ADS"). 50% of these RSUs are scheduled to vest on August 1, 2028 and 25% of these RSUs are scheduled to vest on each of August 1, 2029 and August 1, 2030, subject in each case to continued service through each vesting date. Each American depositary share ("ADS") of the Issuer represents four (4) Class A ordinary shares. |
Restricted Share Units (RSUs)
|
423 |
| 2026-08-01 | Yeo George Yong-Boon |
Director |
Convert↓
Filing footnotes — Restricted Share Units (RSUs) (Direct)
Each RSU represents the right to receive, at settlement after vesting, one American depositary share ("ADS"). These RSUs vested on August 1, 2026 and were settled in ADSs on the same date. Each American depositary share ("ADS") of the Issuer represents four (4) Class A ordinary shares. |
Restricted Share Units (RSUs)
|
1,045 |
| 2026-08-01 | Yeo George Yong-Boon |
Director |
Convert↓
Filing footnotes — Restricted Share Units (RSUs) (Direct)
Each RSU represents the right to receive, at settlement after vesting, one American depositary share ("ADS"). 539 of these RSUs vested on August 1, 2026 and were settled in ADSs on the same date. 270 of these RSUs are scheduled to vest on each of August 1, 2027 and August 1, 2028, subject in each case to continued service through each vesting date. Each American depositary share ("ADS") of the Issuer represents four (4) Class A ordinary shares. |
Restricted Share Units (RSUs)
|
539 |
| 2026-08-01 | Yeo George Yong-Boon |
Director |
Convert↑
Filing footnotes — ADSs (Direct)
Each American depositary share ("ADS") of the Issuer represents four (4) Class A ordinary shares. Each RSU represents the right to receive, at settlement after vesting, one American depositary share ("ADS"). |
ADSs
|
1,584 |
| 2026-07-01 | Wang Mi |
SVP of Engineering |
Award↑
Filing footnotes — Options (right to buy) (Direct)
One-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. Each option represents the right to receive, at settlement after exercise, one American Depositary Share ("ADS") of the Issuer. |
Options (right to buy)
|
40,000 |
| 2026-07-01 | Zhao Jiazhen |
Director, Co-Chief Executive Officer |
Award↑
Filing footnotes — Options (right to buy) (Direct)
One-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. Each option represents the right to receive, at settlement after exercise, one American Depositary Share ("ADS") of the Issuer. |
Options (right to buy)
|
50,000 |
| 2026-03-30 | Rietjens Ivonne MCM |
Director |
Sell↓
Filing footnotes — ADSs (Direct)
Each American depositary share ("ADS") of the Issuer represents four (4) Class A ordinary shares. |
ADSs
|
560 |
| 2026-03-30 | Kam Anthony Ping Leung |
Director |
Sell↓
Filing footnotes — ADSs (Direct)
Each American depositary share ("ADS") of the Issuer represents four (4) Class A ordinary shares. |
ADSs
|
1,533 |