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 multiple transactions on March 24–25, 2026 for aggregate proceeds of about $128,369. Trade details reported: 210 shares at $77.84 ($16,346), 590 shares at $78.73 ($46,451) on 2026-03-24; 135 shares at $81.25 ($10,969), 641 shares at $82.09 ($52,620), and 24 shares at $82.61 ($1,983) on 2026-03-25. These were sales (S), not purchases.

Key Details

• Transaction dates: 2026-03-24 and 2026-03-25; Form 4 filed 2026-03-26 (no late filing indicated in the provided data).
• Total shares sold: 1,600; total reported proceeds ≈ $128,369.
• Per-trade breakdown: 210 @ $77.84; 590 @ $78.73; 135 @ $81.25; 641 @ $82.09; 24 @ $82.61.
• Footnotes: Trades were made pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the reporting person on Sept 4, 2025 (F1). The filing reports weighted-average prices and price ranges for groups of sales (F2–F6); the filer offers to provide full per-price quantities on request.
• Shares owned after transaction: not stated in the provided excerpt.

Context
A 10b5-1 plan indicates these sales were executed under a prearranged trading plan, which is commonly used to schedule trades in advance and reduce concerns about trading on material nonpublic information. Sales are routine insider activity; factual reporting shows proceeds and dates but does not explain the insider’s motivation.