Shopee CPO Chen Jingye Exercises Options for 200,000 Shares of Sea Ltd

Executive Summary

On October 28, 2026, Chen Jingye, Chief Product Officer of Shopee at Sea Ltd ($SE), exercised stock options to acquire 200,000 Class A ordinary shares at an exercise price of $15.00 per share, representing a total exercise consideration of $3,000,000.

Transaction Details

• Security: Class A ordinary shares
• Transaction Code: X (Exercise of in-the-money or at-the-money derivative security)
• Shares Acquired: 200,000 shares
• Exercise Price: $15.00 per share
• Underlying Derivative: Share options granted on February 28, 2018, expiring on February 28, 2028.
• Remaining Derivative Holdings: 650,000 options post-transaction.
• Direct Ownership Post-Transaction: 9,476,574 Class A ordinary shares.

Market & Trading Significance

This transaction is classified as Low significance. It represents a standard derivative exercise ahead of option expiration rather than discretionary open-market buying or selling. Notably, the reporting person retained all acquired shares rather than executing a concurrent cashless exercise or open-market sale, resulting in a net addition to their direct holdings.