Sea Ltd Insider Sells $6.46M in Class A Ordinary Shares Under 10b5-1 Plan
Sea Ltd
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Filing Summary
📢 Form 4 Filing: Sea Ltd ($SE) Insider: Chen Jingye (CPO, Shopee) Transaction: Sold 60,000 Class A Ordinary Shares Total Value: ~$6,463,595.94 (Weighted avg: ~$107.73) Date of Transactions: Sep 11, 2026 – Sep 14, 2026 Nature: Indirect (via BVI entity) under Rule 10b5-1 plan adopted June 10, 2026 Remaining Holdings: 180,000 shares indirect (plus 8,976,574 shares direct)
Comprehensive Analysis
Executive Summary
On September 15, 2026, Chen Jingye, Chief Product Officer of Shopee at Sea Ltd ($SE), filed Form 4 disclosing open-market sales of 60,000 Class A ordinary shares across September 11 and September 14, 2026. The total gross transaction proceeds were approximately $6,463,595.94 at weighted average prices ranging from $105.27 to $109.97 per share.
Transaction Details
- Security: Class A ordinary shares
- Dates of Trades:
- September 11, 2026: 30,000 shares sold across 3 tranches at prices between $106.95 and $108.75.
- September 14, 2026: 30,000 shares sold across 6 tranches at prices between $105.27 and $109.97.
- Aggregate Shares Sold: 60,000
- Aggregate Value: ~$6.46M
- Ownership Structure: Indirectly held via a BVI entity controlled by the reporting person.
- Plan Details: Conducted pursuant to a Rule 10b5-1 trading plan established on June 10, 2026.
Holdings After Transaction
- Indirect Holdings (BVI entity): 180,000 shares
- Direct Holdings: 8,976,574 shares
- Total Retained Beneficial Ownership: 9,156,574 Class A ordinary shares
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