Chen Jingye 4

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.