Chen Jingye 4

What Happened

• Chen Jingye, Chief Product Officer (CPO) of Shopee at Sea Ltd (SE), sold a total of 1,600 Sea shares in open-market transactions on March 20 and March 23, 2026.
• Individual trades: 380 shares @ $78.95 ($30,001); 354 shares @ $80.14 ($28,370); 66 shares @ $80.85 ($5,336); 48 shares @ $78.60 ($3,773); 420 shares @ $80.06 ($33,625); 332 shares @ $80.40 ($26,693). Total proceeds ≈ $127,798.
• These were sales (not purchases)—sales are often routine and provide limited directional signal about company prospects.

Key Details

• Transaction dates: March 20, 2026 and March 23, 2026; Form 4 filed March 24, 2026 (timely filing).
• Price range reported in the filing: approximately $78.21 to $81.18 across the transactions; weighted-average prices for groups of sales are noted in the footnotes.
• Shares owned after the transactions: not specified in the excerpt provided.
• Notable footnote: Sales were made pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by Chen Jingye on August 28, 2025 (pre-established trading plan).
• The filing includes footnote disclosures stating weighted-average prices and that the reporting person can provide per-price quantities to the SEC or shareholders on request.

Context

• A Rule 10b5-1 plan indicates the trades were executed under a pre-arranged program, which is commonly used to avoid trading on material nonpublic information; it does not guarantee intent.
• For retail investors: purchases by insiders tend to be more informative than routine sales; these sales should be viewed in the context of overall insider holdings and future filings.