Shopee CPO Jingye Chen Sells $6.51M in Sea Ltd Shares via 10b5-1 Plan
Sea Ltd
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Filing Summary
📊 Insider Sale Alert: Sea Ltd ($SE) Insider: Chen Jingye (CPO, Shopee) Transaction: Sold 60,000 Class A Ordinary Shares Average Price: $108.46 Total Proceeds: ~$6,507,711 Ownership After: 240,000 indirect shares (and 8,976,574 direct shares) Plan: Rule 10b5-1 (Adopted June 10, 2026)
Comprehensive Analysis
Executive Summary
On September 9 and September 10, 2026, Jingye Chen, Chief Product Officer of Shopee at Sea Ltd ($SE), executed sales totaling 60,000 Class A ordinary shares at a volume-weighted average price of $108.46 per share, generating gross proceeds of approximately $6,507,711.42.
Transaction Breakdown
- September 9, 2026:
- 18,299 shares @ $108.41
- 9,001 shares @ $109.23
- 2,000 shares @ $110.59
- 700 shares @ $111.42
- Subtotal: 30,000 shares
- September 10, 2026:
- 22,394 shares @ $107.90
- 7,606 shares @ $108.50
- Subtotal: 30,000 shares
Ownership Context & Plan Details
- Trading Plan: The transactions were conducted under a pre-established Rule 10b5-1 trading plan adopted on June 10, 2026 by a BVI entity controlled by the reporting person.
- Remaining Holdings: Following these transactions, the reporting person indirectly holds 240,000 Class A ordinary shares through the BVI entity and directly retains 8,976,574 Class A ordinary shares.
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