Chen Jingye 4

4 · Sea Ltd · Filed May 28, 2026

AI-generated summary of this filing

Updated May 28, 2026

Sea Ltd (SE) CPO Chen Jingye Sells Shares

What Happened

Chen Jingye, Chief Product Officer (Shopee) at Sea Ltd (SE), reported sales of a total of 1,600 Sea American Depositary Shares in open‑market transactions on May 26–27, 2026. The individual trades ranged from $88.09 to $94.10 per share, producing aggregate proceeds of approximately $145,390. These sales were made under a Rule 10b5‑1 trading plan adopted by a BVI entity controlled by Chen on August 28, 2025, indicating the trades were pre‑arranged rather than opportunistic purchases.

Key Details

Transaction dates: May 26–27, 2026.
Individual trade prices (examples): $88.09, $89.12, $90.01, $89.40, $90.18, $91.49, $92.27, $93.32, $94.10; overall price range indicated across footnotes ~ $87.60–$94.28.
Total shares sold: 1,600; total proceeds: ≈ $145,390.
Shares owned after transaction: not specified in the information provided.
Notable footnotes: sales were pursuant to a Rule 10b5‑1 plan adopted Aug 28, 2025 (controlled by a BVI entity); the filing includes weighted‑average price ranges and an undertaking to provide per‑price share counts on request.
Filing timeliness: Form 4 was filed May 28, 2026 for transactions on May 26–27, 2026; this appears to be timely (within the Form 4 two‑business‑day reporting window).

Context

These are sales (not purchases or option exercises). Sales executed under a pre‑arranged 10b5‑1 plan are commonly used by insiders to liquidate holdings on a predetermined schedule and are generally treated as routine disclosures rather than a direct signal of changing insider sentiment.
Retail investors should treat this as factual disclosure of insider selling activity; it does not itself explain the insider’s motivations.

Form 4

Period: 2026-05-26

CPO, Shopee

Transactions

Sale
Class A ordinary shares
[F1][F2]
2026-05-26$88.09/sh−63$5,550→ 203,137 total(indirect: By BVI entity)
Sale
Class A ordinary shares
[F1][F3]
2026-05-26$89.12/sh−366$32,618→ 202,771 total(indirect: By BVI entity)
Sale
Class A ordinary shares
[F1][F4]
2026-05-26$90.01/sh−371$33,394→ 202,400 total(indirect: By BVI entity)
Sale
Class A ordinary shares
[F1][F5]
2026-05-27$89.40/sh−118$10,549→ 202,282 total(indirect: By BVI entity)
Sale
Class A ordinary shares
[F1][F6]
2026-05-27$90.18/sh−70$6,313→ 202,212 total(indirect: By BVI entity)
Sale
Class A ordinary shares
[F1][F7]
2026-05-27$91.49/sh−62$5,672→ 202,150 total(indirect: By BVI entity)
Sale
Class A ordinary shares
[F1][F8]
2026-05-27$92.27/sh−127$11,718→ 202,023 total(indirect: By BVI entity)
Sale
Class A ordinary shares
[F1][F9]
2026-05-27$93.32/sh−293$27,343→ 201,730 total(indirect: By BVI entity)
Sale
Class A ordinary shares
[F1][F10]
2026-05-27$94.10/sh−130$12,233→ 201,600 total(indirect: By BVI entity)

Holdings

Footnotes (10)

[F1]The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the Reporting Person on August 28, 2025.
[F10]Represents the weighted average price of shares sold at prices that ranged from $93.86 to $94.28.
[F2]Represents the weighted average price of shares sold at prices that ranged from $87.60 to $88.55. 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 $88.63 to $89.59.
[F4]Represents the weighted average price of shares sold at prices that ranged from $89.60 to $90.50.
[F5]Represents the weighted average price of shares sold at prices that ranged from $88.86 to $89.81.
[F6]Represents the weighted average price of shares sold at prices that ranged from $89.90 to $90.78.
[F7]Represents the weighted average price of shares sold at prices that ranged from $90.87 to $91.83.
[F8]Represents the weighted average price of shares sold at prices that ranged from $91.87 to $92.83.
[F9]Represents the weighted average price of shares sold at prices that ranged from $92.90 to $93.83.

Signature

/s/ Mark Tang, attorney-in-fact for Jingye Chen|2026-05-28

1 file