Wang Yanjun 4

What Happened

• Wang Yanjun, Chief Commercial Officer and General Counsel of Sea Ltd (SE), sold a total of 1,600 ordinary shares in transactions on March 18–19, 2026 for aggregate proceeds of approximately $132,852. All transactions are reported as sales (S), not purchases or option exercises.

Key Details

• Transaction dates: March 18, 2026 and March 19, 2026 (Period of Report: 2026-03-18; filed: 2026-03-20; Accession: 0001193125-26-116651). Filing appears timely.
• Per-trade breakdown:
  • 2026-03-18: 614 shares at $84.87 — $52,110 (footnote F2: prices in that group ranged $84.44–$85.43)
  • 2026-03-18: 171 shares at $85.79 — $14,670 (F3: $85.44–$86.40)
  • 2026-03-18: 15 shares at $86.50 — $1,298 (F4: $86.48–$86.52)
  • 2026-03-19: 458 shares at $80.68 — $36,951 (F5: $79.98–$80.97)
  • 2026-03-19: 311 shares at $81.29 — $25,281 (F6: $80.98–$81.96)
  • 2026-03-19: 31 shares at $82.00 — $2,542 (F7: $81.98–$82.04)
• Total shares sold: 1,600; total proceeds: ~$132,852. Price range across trades: roughly $79.98 to $86.52.
• Post-transaction holdings: Not specified in the information provided in this summary — see the full Form 4 for shares owned after these sales.
• Notable footnote: F1 states the sales were made pursuant to a Rule 10b5-1 trading plan adopted September 4, 2025 by a BVI entity controlled by the reporting person.

Context

• Sales under Rule 10b5-1 plans are pre-arranged and often used to execute routine disposals; they do not, by themselves, indicate insider sentiment. For retail investors, purchases generally carry more direct informational weight than routine sales.