Ma David Y 4
4 · Sea Ltd · Filed Apr 16, 2026
Research Summary
AI-generated summary of this filing
Sea Ltd (SE) Director David Y. Ma Sells 340,752 Shares
What Happened
- David Y. Ma, a director of Sea Ltd (SE), sold a total of 340,752 shares in open-market/private sale transactions on April 14–15, 2026. Sales ranged from about $85.36 to $91.05 per share across the transactions, producing aggregate proceeds of approximately $30.12 million.
- Individual trades included lots such as 57,200 shares at $85.74 ($4.90M), 53,174 shares at $90.44 ($4.81M), and multiple other blocks (see Form 4 for the full list). All transactions are coded S (sales).
Key Details
- Transaction dates: April 14–15, 2026; Filing date: April 16, 2026 (filed promptly).
- Price range and weighted-average notes: reported prices spanned roughly $85.36–$91.05. The filing includes footnotes (F2–F12) giving weighted-average prices and price ranges for grouped sales; one footnote (F2) notes the reporter will provide per-price breakdown on request.
- 10b5-1 plan: Footnote F1 states the shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by an immediate family member who shares the reporting person’s household (plan adopted Dec 12, 2025).
- Shares owned after the transactions: not specified in the information provided here—see the full Form 4 for post-transaction holdings.
- Transaction code: S = Sale. No purchase, exercise, or award reported.
Context
- These were outright sales (not purchases or option exercises). Sales executed under a 10b5-1 plan are typically pre-arranged trades and are often routine liquidity or tax-management actions; they do not, by themselves, indicate the insider’s current view of the company’s prospects.
- For full details (per-price breakdowns, exact post-sale holdings, and the Form 4 text), consult the SEC filing (Accession 0001193125-26-157846).
Insider Transaction Report
Form 4
Sea LtdSE
Ma David Y
Director
Transactions
- Sale
Class A ordinary shares
[F1][F2]2026-04-14$85.74/sh−57,200$4,904,328→ 1,014,883 total(indirect: By BVI entity) - Sale
Class A ordinary shares
[F1][F3]2026-04-14$86.81/sh−24,965$2,167,212→ 989,918 total(indirect: By BVI entity) - Sale
Class A ordinary shares
[F1][F4]2026-04-14$88.05/sh−20,257$1,783,629→ 969,661 total(indirect: By BVI entity) - Sale
Class A ordinary shares
[F1][F5]2026-04-14$88.79/sh−48,923$4,343,873→ 920,738 total(indirect: By BVI entity) - Sale
Class A ordinary shares
[F1][F6]2026-04-14$89.65/sh−25,374$2,274,779→ 895,364 total(indirect: By BVI entity) - Sale
Class A ordinary shares
[F1][F7]2026-04-15$86.05/sh−3,192$274,672→ 892,172 total(indirect: By BVI entity) - Sale
Class A ordinary shares
[F1][F8]2026-04-15$87.73/sh−19,731$1,731,001→ 872,441 total(indirect: By BVI entity) - Sale
Class A ordinary shares
[F1][F9]2026-04-15$88.10/sh−30,722$2,706,608→ 841,719 total(indirect: By BVI entity) - Sale
Class A ordinary shares
[F1][F10]2026-04-15$89.52/sh−55,185$4,940,161→ 786,534 total(indirect: By BVI entity) - Sale
Class A ordinary shares
[F1][F11]2026-04-15$90.44/sh−53,174$4,809,057→ 733,360 total(indirect: By BVI entity) - Sale
Class A ordinary shares
[F1][F12]2026-04-15$90.97/sh−2,029$184,578→ 731,331 total(indirect: By BVI entity)
Holdings
- 10,000
Class A ordinary shares
Footnotes (12)
- [F1]The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by an immediate family member sharing the same household as the Reporting Person on December 12, 2025.
- [F10]Represents the weighted average price of shares sold at prices that ranged from $89.07 to $89.90.
- [F11]Represents the weighted average price of shares sold at prices that ranged from $89.91 to $90.90.
- [F12]Represents the weighted average price of shares sold at prices that ranged from $90.95 to $91.05.
- [F2]Represents the weighted average price of shares sold at prices that ranged from $85.36 to $86.28. 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 $86.36 to $87.36.
- [F4]Represents the weighted average price of shares sold at prices that ranged from $87.52 to $88.32.
- [F5]Represents the weighted average price of shares sold at prices that ranged from $88.36 to $89.35.
- [F6]Represents the weighted average price of shares sold at prices that ranged from $89.37 to $90.14.
- [F7]Represents the weighted average price of shares sold at prices that ranged from $85.91 to $86.71.
- [F8]Represents the weighted average price of shares sold at prices that ranged from $86.92 to $87.90.
- [F9]Represents the weighted average price of shares sold at prices that ranged from $87.91 to $88.89.
Signature
/s/ Mark Tang, attorney-in-fact for David Y Ma|2026-04-16