Wang Yanjun 4
4 · Sea Ltd · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
Sea Ltd (SE) CCO/GC Wang Yanjun Sells Shares
What Happened Wang Yanjun, Sea Ltd's Chief Commercial Officer and General Counsel, sold a total of 1,600 Sea (SE) shares in open-market transactions totaling approximately $127,801. Trades occurred on March 20, 2026 (800 shares: 380 @ $78.95 for $30,001; 354 @ $80.14 for $28,370; 66 @ $80.85 for $5,336 — total ~$63,707) and March 23, 2026 (800 shares: 48 @ $78.61 for $3,773; 420 @ $80.07 for $33,629; 326 @ $80.38 for $26,204; 6 @ $81.26 for $488 — total ~$64,094). These were sales (not purchases), commonly viewed as routine insider selling rather than a bullish vote.
Key Details
- Transaction dates and prices: Mar 20 and Mar 23, 2026; individual trade prices listed above (range roughly $78.21–$81.28 per footnotes).
- Total shares sold: 1,600; Total proceeds: ~$127,801.
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Notable footnotes:
- F1: Sales were made pursuant to a Rule 10b5‑1 trading plan adopted by a BVI entity controlled by the reporting person on Sept 4, 2025.
- F2–F8: Provide weighted-average price ranges for grouped sales and note the reporter will supply per-price breakdowns on request.
- Filing timeliness: Form 4 filed Mar 24, 2026; covers trades on Mar 20 and Mar 23 and appears to have been filed within the normal reporting window.
Context A Rule 10b5‑1 trading plan indicates the sales were made according to a pre-established plan, which commonly reduces the significance of timing as a signal of the insider’s current view. These are straightforward share disposals (code S) — not option exercises, awards, or gifts — and do not by themselves indicate future company performance.
Insider Transaction Report
- Sale
Class A ordinary shares
[F1][F2]2026-03-20$78.95/sh−380$30,001→ 36,020 total(indirect: By BVI entity) - Sale
Class A ordinary shares
[F1][F3]2026-03-20$80.14/sh−354$28,370→ 35,666 total(indirect: By BVI entity) - Sale
Class A ordinary shares
[F1][F4]2026-03-20$80.85/sh−66$5,336→ 35,600 total(indirect: By BVI entity) - Sale
Class A ordinary shares
[F1][F5]2026-03-23$78.61/sh−48$3,773→ 35,552 total(indirect: By BVI entity) - Sale
Class A ordinary shares
[F1][F6]2026-03-23$80.07/sh−420$33,629→ 35,132 total(indirect: By BVI entity) - Sale
Class A ordinary shares
[F1][F7]2026-03-23$80.38/sh−326$26,204→ 34,806 total(indirect: By BVI entity) - Sale
Class A ordinary shares
[F1][F8]2026-03-23$81.26/sh−6$488→ 34,800 total(indirect: By BVI entity)
- 1,220,976
Class A ordinary shares
Footnotes (8)
- [F1]The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the Reporting Person on September 4, 2025.
- [F2]Represents the weighted average price of shares sold at prices that ranged from $78.65 to $79.63. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4.
- [F3]Represents the weighted average price of shares sold at prices that ranged from $79.66 to $80.64.
- [F4]Represents the weighted average price of shares sold at prices that ranged from $80.70 to $81.03.
- [F5]Represents the weighted average price of shares sold at prices that ranged from $78.21 to $79.03.
- [F6]Represents the weighted average price of shares sold at prices that ranged from $79.59 to $80.20.
- [F7]Represents the weighted average price of shares sold at prices that ranged from $80.21 to $81.05.
- [F8]Represents the weighted average price of shares sold at prices that ranged from $81.23 to $81.28.