Ye Gang 4

What Happened

• Ye Gang, Sea Ltd (SE) Chief Operating Officer and a company director, disposed of 20,000 shares in multiple open‑market sales on March 18–19, 2026. The transactions reported: 7,700 shares @ $84.97 ($654,269); 2,058 shares @ $85.76 ($176,494); 242 shares @ $86.50 ($20,933); and 10,000 shares @ $81.72 ($817,200). Total proceeds reported: $1,668,896 (~$1.67M). These were sales (not purchases), which are often routine insider liquidity events rather than a direct signal of company outlook.

Key Details

• Transaction dates: March 18, 2026 (three tranches) and March 19, 2026 (one tranche).
• Prices and notes:
  • 7,700 shares at $84.97 (weighted avg; prices in range $84.44–$85.42) — F2
  • 2,058 shares at $85.76 (weighted avg; prices in range $85.44–$86.12) — F3
  • 242 shares at $86.50 (weighted avg; prices in range $86.48–$86.52) — F4
  • 10,000 shares at $81.72 (weighted avg; prices in range $81.32–$82.15) — F5
• Per the filing, the sales were made pursuant to a Rule 10b5‑1 trading plan adopted by a BVI entity controlled by Ye Gang on September 4, 2025 — F1.
• Shares owned after the transactions: not disclosed in the provided Form 4.
• Filing info and timeliness: Form 4 filed March 20, 2026 (reporting period includes March 18–19 transactions); the filing appears timely based on the reported dates.

Context

• These were outright sales (transaction code S) under a pre‑arranged 10b5‑1 plan, a common method executives use to sell shares on a preset schedule. 10b5‑1 sales generally indicate pre‑planned liquidity rather than an ad‑hoc decision based on recent developments.