Chen Jingye 4

What Happened
Chen Jingye, Chief Product Officer of Shopee (Sea Ltd), sold a total of 1,600 Sea ADSs in several transactions on March 24–25, 2026, for combined proceeds of about $128,291 (weighted-average price ≈ $80.18/share). The individual reported trades were:

• 210 shares at $77.84 — $16,346 (Mar 24)
• 590 shares at $78.73 — $46,451 (Mar 24)
• 63 shares at $80.76 — $5,088 (Mar 25)
• 520 shares at $81.80 — $42,536 (Mar 25)
• 217 shares at $82.35 — $17,870 (Mar 25)

These disposals were sales (S) reported as open market or private sales and were executed pursuant to a pre-established trading plan.

Key Details

• Transaction dates: March 24–25, 2026; Form 4 filed March 26, 2026 (within the typical 2-business-day filing window).
• Aggregate shares sold: 1,600; aggregate proceeds: ~$128,291; weighted-average price ≈ $80.18/share.
• Footnote: Sales were made under a Rule 10b5-1 trading plan adopted Aug 28, 2025 by a BVI entity controlled by Chen Jingye. (Footnotes F2–F6 describe price ranges and weighted averages for the reported bundles.)
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Transaction type code: S = Sale (open market/private sale).

Context

• These were prearranged 10b5-1 plan sales, which are commonly used by insiders to sell shares on a set schedule and do not necessarily signal a change in sentiment.
• For retail investors, purchases by insiders can be more indicative of confidence; routine sales under a trading plan are generally considered less informative about an insider’s near-term view.
• All figures above are taken from the Form 4 filing (Accession 0001193125-26-124970) covering the reported transactions.