Alpha Ally Holdings Files Form 144 Notice to Sell $137.8M in Sea Ltd (SE) ADS

Executive Summary

On September 11, 2026, Alpha Ally Holdings Limited, an affiliate entity of Sea Ltd ($SE), filed a Form 144 proposing to sell 1,280,000 American Depositary Shares (ADS) with an estimated aggregate market value of $137,843,200 via J.P. Morgan Securities LLC.

Transaction Details

• Security: American Depositary Shares (ADS)
• Shares to Sell: 1,280,000
• Aggregate Market Value: $137,843,200 (~$107.69 per share)
• Shares Outstanding: 565,506,375 ADS (proposed sale represents ~0.23% of outstanding shares)
• Trading Plan: Adopted under Rule 10b5-1 on May 21, 2026.
• Origin of Securities: The securities to be sold were acquired through original share issuance (561,208 shares in 2009), ESOP option exercise (464,403 shares in Dec 2024), and RSU vesting tranches across 2025.

Recent Trading History

Over the past three months, Alpha Ally Holdings has executed systematic daily sales of 10,000 to 30,000 ADS under its Rule 10b5-1 trading plan.

Significance

This filing carries High Significance due to the substantial aggregate dollar amount exceeding $137 million, although execution under a pre-established Rule 10b5-1 plan provides structure and predictability to the selling activity.