George Yong-Boon Yeo - 18 Mar 2026 Form 3 Insider Report for PDD Holdings Inc. (PDD)

Role: Director
Signature: /s/ George Yong-Boon Yeo
Issuer symbol: PDD
Transactions as of: 18 Mar 2026
Net transactions value: $0
Form type: 3
Filing time: 18 Mar 2026, 21:02:30 UTC
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Yeo George Yong-Boon	Director	FIRST FLOOR, 25 ST STEPHEN'S GREEN, DUBLIN 2, IRELAND	/s/ George Yong-Boon Yeo	18 Mar 2026	0002116877

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	PDD	ADSs						25,628	18 Mar 2026	Direct	F1
holding	PDD	ADSs						60,000	18 Mar 2026	Direct	F1, F2

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	Restricted Share Units (RSUs)							18 Mar 2026	ADSs	1,045		Direct	F1, F3, F4
holding	PDD	Restricted Share Units (RSUs)							18 Mar 2026	ADSs	606		Direct	F1, F4, F5
holding	PDD	Restricted Share Units (RSUs)							18 Mar 2026	ADSs	422		Direct	F1, F4, F6
holding	PDD	Restricted Share Units (RSUs)							18 Mar 2026	ADSs	242		Direct	F1, F4, F7
holding	PDD	Restricted Share Units (RSUs)							18 Mar 2026	ADSs	1,079		Direct	F1, F4, F8
holding	PDD	Restricted Share Units (RSUs)							18 Mar 2026	ADSs	1,257		Direct	F1, F4, F9
holding	PDD	Restricted Share Units (RSUs)							18 Mar 2026	ADSs	295		Direct	F1, F4, F10
holding	PDD	Restricted Share Units (RSUs)							18 Mar 2026	ADSs	329		Direct	F1, F4, F11

* 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 ADSs are jointly owned with the Reporting Person's spouse.
F3	These RSUs are scheduled to vest on August 1, 2026, subject to continued service through the vesting date.
F4	Each RSU represents the right to receive, at settlement after vesting, one American depositary share ("ADS").
F5	These RSUs are scheduled to vest on February 1, 2027, subject to continued service through the vesting date.
F6	These RSUs are scheduled to vest on August 1, 2027, subject to continued service through the vesting date.
F7	These RSUs are scheduled to vest on February 1, 2028, subject to continued service through the vesting date.
F8	50% of these RSUs are scheduled to vest on August 1, 2026 and 25% 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.
F9	50% of these RSUs are scheduled to vest on February 1, 2027 and 25% of these RSUs are scheduled to vest on each of February 1, 2028 and February 1, 2029, subject in each case to continued service through each vesting date.
F10	50% of these RSUs are scheduled to vest on August 1, 2027 and 25% of these RSUs are scheduled to vest on each of August 1, 2028 and August 1, 2029, subject in each case to continued service through each vesting date.
F11	50% of these RSUs are scheduled to vest on February 1, 2028 and 25% of these RSUs are scheduled to vest on each of February 1, 2029 and February 1, 2030, subject in each case to continued service through each vesting date.