Wang Yanjun 4

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.