Chen Jingye 4

What Happened
Chen Jingye, Chief Product Officer for Shopee at Sea Ltd (SE), sold a total of 800 Sea shares on 2026-05-28 in two transactions. The filings show: 656 shares sold at $91.86 for $60,260, and 144 shares sold at $92.54 for $13,326, for a combined proceeds of $73,586. These were sales (not purchases), commonly seen as routine insider liquidity rather than an explicit signal of company prospects.

Key Details

• Transaction date: 2026-05-28; Form 4 filed 2026-05-29.
• Sales: 656 shares @ $91.86 ($60,260) and 144 shares @ $92.54 ($13,326); total 800 shares for $73,586.
• Footnotes: sales were made pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by Chen on August 28, 2025 (F1). Report discloses weighted-average price ranges for portions of the sales (F2: $91.27–$92.18; F3: $92.30–$92.93) and offers to provide exact breakdowns on request.
• Shares owned after the transaction: not provided in the information supplied.
• Filing timeliness: Form 4 was filed the day after the transactions (no late filing indicated in the supplied data).

Context
A 10b5-1 plan allows insiders to pre-arrange trades when they may not have material nonpublic information; such sales are often routine liquidity events. For retail investors, purchases by insiders tend to carry more informational weight than routine sales; this filing documents a planned sale under an existing trading plan rather than an ad‑hoc disposition.