Xiao Junyun - 18 Mar 2026 Form 3 Insider Report for PDD Holdings Inc. (PDD)

Role: SVP of Operation
Signature: /s/ Xiao Junyun
Issuer symbol: PDD
Transactions as of: 18 Mar 2026
Net transactions value: $0
Form type: 3
Filing time: 18 Mar 2026, 21:04:47 UTC
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Xiao Junyun	SVP of Operation	FIRST FLOOR, 25 ST STEPHEN'S GREEN, DUBLIN 2, IRELAND	/s/ Xiao Junyun	18 Mar 2026	0002003519

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	1,881,000		Direct	F1, F2, F3

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

Explanation of Responses:

Id	Content
F1	These options are all exercisable as of the filing date. The expiration dates for 481,000 options and 1,400,000 options are October 31, 2035 and August 31, 2036, respectively.
F2	Each American depositary share ("ADS") of the Issuer represents four (4) Class A ordinary shares.
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.