Ye Gang 4

What Happened
Ye Gang, Sea Ltd's (SE) COO and a company director, disposed of 20,000 shares in two transactions. On 2026-03-20 he sold 10,000 shares at an average price of $80.79 for $807,900; on 2026-03-23 he sold 10,000 shares at an average price of $80.06 for $800,600. The combined proceeds were $1,608,500. Both transactions are reported as sales (code S) and were executed under a Rule 10b5-1 trading plan.

Key Details

• Transactions:
  • 2026-03-20 — 10,000 shares sold @ $80.79; proceeds $807,900. (Footnote F2: weighted average price reflects sales in the $80.51–$81.45 range; reporting person will provide a per-price breakdown on request.)
  • 2026-03-23 — 10,000 shares sold @ $80.06; proceeds $800,600. (Footnote F3: weighted average price reflects sales in the $80.00–$80.19 range.)
• Footnote F1: Sales were made pursuant to a Rule 10b5-1 trading plan adopted by a British Virgin Islands entity controlled by the reporting person on September 4, 2025.
• Shares owned after the transactions: not disclosed in the provided filing excerpt.
• Filing date: 2026-03-24 (the Form 4 filed after the trades; based on the trade dates this filing appears to be timely).

Context
Sales made under a 10b5-1 plan are prearranged, scheduled dispositions and are commonly treated as routine insider selling rather than a contemporaneous signal of company prospects. For retail investors, purchases by insiders tend to be viewed as a stronger bullish indicator than planned sales; this disclosure is factual and does not indicate the insider’s motive.