Li Jiong - 18 Mar 2026 Form 3 Insider Report for PDD Holdings Inc. (PDD)

Role: Financial Director
Signature: /s/ Li Jiong
Issuer symbol: PDD
Transactions as of: 18 Mar 2026
Net transactions value: $0
Form type: 3
Filing time: 18 Mar 2026, 21:08:50 UTC
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Li Jiong	Financial Director	FIRST FLOOR, 25 ST STEPHEN'S GREEN, DUBLIN 2, IRELAND	/s/ Li Jiong	18 Mar 2026	0002116868

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	2,130		Direct	F1, F2, F3
holding	PDD	Restricted Share Units (RSUs)							18 Mar 2026	ADSs	6,963		Direct	F2, F3, F4

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

Explanation of Responses:

Id	Content
F1	One-fourth of these RSUs are scheduled to vest on each of the following dates: October 1, 2026, October 1, 2027, October 1, 2028 and October 1, 2029, subject in each case to continued service through each vesting date.
F2	Each American depositary share ("ADS") of the Issuer represents four (4) Class A ordinary shares.
F3	Each RSU represents the right to receive, at settlement after vesting, one American Depositary Share ("ADS") of the Issuer.
F4	One-fourth of these RSUs are scheduled to vest on each of the following dates: March 1, 2027, March 1, 2028, March 1, 2029 and March 1, 2030, subject in each case to continued service through each vesting date.