Sea Ltd Affiliate Files Form 144 Notice to Sell $34.0M in ADS
Sea Ltd
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Filing Summary
📢 Form 144 Filing Alert: Sea Ltd ($SE)
• Insider: Chen Jingye (Affiliate) • Proposed Sale: 300,000 ADS (~$33,999,000) • Approx. Price: ~$113.33 / ADS • Broker: J.P. Morgan Securities LLC • Trading Plan: Adopted on 06/10/2026 • Remarks: Sales are executed via an entity controlled by the filer.
Comprehensive Analysis
Executive Summary
On September 9, 2026, Chen Jingye, an Affiliate of Sea Ltd ($SE), filed a Form 144 proposing the sale of 300,000 American Depositary Shares (ADS) with an estimated aggregate market value of $33,999,000 through J.P. Morgan Securities LLC.
Transaction Breakdown
- Security Class: ADS
- Number of Units to be Sold: 300,000
- Aggregate Market Value: $33,999,000 (~$113.33 per ADS)
- Shares Outstanding: 565,506,375
- Approximate Sale Date: September 9, 2026
- Rule 10b5-1 Plan Adoption Date: June 10, 2026
- Ownership Nature: Indirect (sales conducted via an entity controlled by the filer)
Source of Securities
The 300,000 shares to be sold originated from equity incentive plans:
- 232,529 ADS: Option exercise on 07/17/2023
- 2,140 ADS: Option exercise on 08/15/2023
- 2,834 ADS: RSU vesting on 03/31/2024
- 2,175 ADS: RSU vesting on 06/30/2024
- 60,322 ADS: Option exercise on 07/26/2024
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