Chen Jingye 4

What Happened
Chen Jingye, Chief Product Officer (Shopee) at Sea Ltd (SE), sold a total of 1,600 Sea ordinary shares in open-market/private sales on March 18–19, 2026 for aggregate proceeds of about $132,852. Trades reported: 614 shares @ $84.87 ($52,110), 171 @ $85.79 ($14,670), 15 @ $86.50 ($1,298) on Mar 18; and 445 @ $80.67 ($35,898), 320 @ $81.27 ($26,006), 35 @ $82.00 ($2,870) on Mar 19. These were disposals (sales), not purchases.

Key Details

• Transaction dates: March 18–19, 2026; Form 4 filed March 20, 2026 (appears timely — within the usual two-business-day window).
• Total sold: 1,600 shares for ~$132,852.
• Per-trade prices shown above; footnotes report weighted-average price ranges for grouped sales: Mar 18 trades fall in ranges $84.44–$86.52 (broken into subranges $84.44–85.43, $85.44–86.40, $86.48–86.52) and Mar 19 trades fall in $79.98–82.03 (subranges $79.98–80.97, $80.98–81.97, $81.98–82.03).
• Footnote: Sales were made pursuant to a Rule 10b5-1 trading plan adopted August 28, 2025 by a BVI entity controlled by the reporting person.
• Shares owned after the transactions: not specified in the provided Form 4 excerpt.

Context

• These were routine sales executed under a pre-established 10b5-1 plan (a trading program that allows insiders to sell shares at predetermined times), which is commonly used to avoid questions about timing or intent.
• Sales are informative but do not, by themselves, indicate company performance or insider sentiment; no purchases or option exercises were reported in this filing.