Sea Ltd COO Gang Ye Sells $4.55M in Shares Under Rule 10b5-1 Plan

Insider Transaction Summary

• Company: Sea Ltd ($SE)
• Insider: Gang Ye, Chief Operating Officer and Director
• Filing Date: September 2, 2026
• Transaction Dates: August 31, 2026 – September 1, 2026
• Nature of Transaction: Open-market sales executed indirectly via a BVI entity.

Key Metrics

• Total Shares Sold: 40,000 Class A ordinary shares
• Weighted Average Sale Price: ~$113.74 per share (ranging from $111.30 to $117.77)
• Gross Proceeds: ~$4,549,637.66
• Post-Transaction Holdings:
  • Indirect (BVI entity): 258,792 shares
  • Direct: 20,976,405 shares
  • Combined Holdings: 21,235,197 shares

Analysis & Context

• Pre-Arranged Plan: The disposals were conducted under a Rule 10b5-1 trading plan established on September 4, 2025, mitigating concerns over discretionary market timing.
• Significance: Despite the aggregate proceeds of ~$4.55M, the 40,000 shares sold represent less than 0.2% of the insider's total equity holdings (>21.2 million shares), indicating a routine, scheduled liquidity event rather than a directional stance on the company's outlook.