PDD Holdings Inc. (PDD) · Insider Trading (Form 4) SEC Filing

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-08-01 10b5-1 Pre-arranged Plan: No --- Issuer --- Name: PDD Holdings Inc. (PDD) CIK: 0001737806 --- Reporting Owner --- Name: Yeo George Yong-Boon CIK: 0002116877 Role: Director --- Non-Derivative Transactions --- [Transaction #1] Security: ADSs Date: 2026-08-01 | Code: M (Exercise of derivative) Shares: +1,584 Shares Owned After: 27,212 | Ownership: D (Direct) Footnotes: [F1] Each American depositary share ("ADS") of the Issuer represents four (4) Class A ordinary shares. [F2] Each RSU represents the right to receive, at settlement after vesting, one American depositary share ("ADS"). --- Derivative Transactions --- [Transaction #1] Security: Restricted Share Units (RSUs) Date: 2026-08-01 | Code: M (Exercise of derivative) Shares: -1,045 | Price: $0.00 Shares Owned After: 0 | Ownership: D (Direct) Footnotes: [F2] Each RSU represents the right to receive, at settlement after vesting, one American depositary share ("ADS"). [F4] These RSUs vested on August 1, 2026 and were settled in ADSs on the same date. [F4] These RSUs vested on August 1, 2026 and were settled in ADSs on the same date. [F1] Each American depositary share ("ADS") of the Issuer represents four (4) Class A ordinary shares. [Transaction #2] Security: Restricted Share Units (RSUs) Date: 2026-08-01 | Code: M (Exercise of derivative) Shares: -539 | Price: $0.00 Shares Owned After: 540 | Ownership: D (Direct) Footnotes: [F2] Each RSU represents the right to receive, at settlement after vesting, one American depositary share ("ADS"). [F5] 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. [F5] 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. [F1] Each American depositary share ("ADS") of the Issuer represents four (4) Class A ordinary shares. [Transaction #3] Security: Restricted Share Units (RSUs) Date: 2026-08-01 | Code: A (Grant or award) Shares: +423 | Price: $0.00 Shares Owned After: 423 | Ownership: D (Direct) Footnotes: [F2] Each RSU represents the right to receive, at settlement after vesting, one American depositary share ("ADS"). [F6] 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. [F6] 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. [F1] Each American depositary share ("ADS") of the Issuer represents four (4) Class A ordinary shares. --- Holdings --- [Holding #1] Security: ADSs Ownership: D (Direct) Footnotes: [F1] Each American depositary share ("ADS") of the Issuer represents four (4) Class A ordinary shares. [F3] These ADSs are jointly owned with the Reporting Person's spouse. --- Footnotes (Complete Index) --- F1: Each American depositary share ("ADS") of the Issuer represents four (4) Class A ordinary shares. F2: Each RSU represents the right to receive, at settlement after vesting, one American depositary share ("ADS"). F3: These ADSs are jointly owned with the Reporting Person's spouse. F4: These RSUs vested on August 1, 2026 and were settled in ADSs on the same date. F5: 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. F6: 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. --- Signature --- /s/ /s/ George Yong-Boon Yeo (2026-08-04)