Zheng Zhenwei - 18 Mar 2026 Form 3 Insider Report for PDD Holdings Inc. (PDD)

Role: SVP of Product Development
Signature: /s/ Zheng Zhenwei
Issuer symbol: PDD
Transactions as of: 18 Mar 2026
Net transactions value: $0
Form type: 3
Filing time: 18 Mar 2026, 21:01:54 UTC
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Zheng Zhenwei	SVP of Product Development	FIRST FLOOR, 25 ST STEPHEN'S GREEN, DUBLIN 2, IRELAND	/s/ Zheng Zhenwei	18 Mar 2026	0002016875

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	PDD	ADSs						281,739	18 Mar 2026	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	PDD	Options (right to buy)							18 Mar 2026	ADSs	1,180,000		Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each American depositary share ("ADS") of the Issuer represents four (4) Class A ordinary shares.
F2	These options are all exercisable as of the filing date. The expiration date is October 31, 2035.
F3	Each option represents the right to receive, at settlement after exercise, one American Depositary Share ("ADS") of the Issuer, and has an exercise price of US$0.026.