Chen Jingye 4

What Happened
Chen Jingye, Chief Product Officer (Shopee) at Sea Ltd (SE), sold a total of 1,600 shares in open-market transactions on May 21–22, 2026, generating total proceeds of about $140,056. The individual transactions reported: 168 @ $85.40; 19 @ $86.26; 395 @ $87.57; 218 @ $88.10; 460 @ $86.53; 37 @ $87.45; 43 @ $88.75; 161 @ $89.57; 74 @ $90.67; and 25 @ $91.46. These were sales (code S).

Key Details

• Transaction dates: May 21–22, 2026. Prices for reported trades ranged roughly from $85.40 to $91.46 (footnotes report weighted-average ranges covering ~$84.86–$91.66).
• Total sold: 1,600 shares for approximately $140,056.
• Shares owned after transaction: Not provided in the summary data (see the Form 4 for beneficial ownership totals).
• Notable footnotes: F1 — shares were sold pursuant to a Rule 10b5-1 trading plan adopted Aug 28, 2025 by a BVI entity controlled by the reporting person. Other footnotes (F2–F11) report weighted-average price ranges for grouped sales; F2 notes the filer will provide price-by-price details on request.
• Timeliness: Form filed May 26, 2026 for trades on May 21–22, which is later than the SEC’s standard two-business-day Form 4 filing deadline (the filing appears delayed).

Context
These were pre-arranged open-market sales under a Rule 10b5-1 plan (per F1). 10b5-1 plans allow insiders to sell according to a preset program and are commonly used for scheduled liquidity or tax planning; they are not, by themselves, definitive evidence of a change in the insider’s view of the company. Sales are routine insider activity—retail investors typically weigh such transactions alongside other company developments and insider trends.