Ye Gang 4

What Happened

• Ye Gang, Sea Ltd (SE) Chief Operating Officer and director, sold a total of 40,000 Sea shares in open-market transactions on July 20–21, 2026, generating approximately $4,257,243 in proceeds.
• Trade-by-trade breakdown:
  • 7/20: 9,200 shares @ $105.92 = $974,464
  • 7/20: 8,000 shares @ $107.06 = $856,480
  • 7/20: 2,800 shares @ $107.64 = $301,392
  • 7/21: 15,712 shares @ $106.01 = $1,665,629
  • 7/21: 3,143 shares @ $106.83 = $335,767
  • 7/21: 1,145 shares @ $107.87 = $123,511
• These were sales (not purchases); sales are often routine but reduce the insider’s stake rather than signal a buy.

Key Details

• Transaction dates: July 20–21, 2026. Filing date: July 22, 2026 (Form 4 accession 0001193125-26-311234) — appears to be filed timely.
• Total shares sold: 40,000. Total proceeds: ~$4.26 million.
• Price details: individual trade prices listed above; footnotes report weighted-average ranges for groups of sales (prices ranged roughly $105.48–$107.94 across trades).
• Shares owned after transaction: Not disclosed in this Form 4.
• Notable footnotes:
  • F1: Shares sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the reporting person (plan adopted Sept 4, 2025).
  • F2–F7: Indicate weighted-average prices for grouped sales and price ranges; the filer offers to provide detailed per-price quantities on request.

Context

• Because these sales occurred under a pre-established 10b5-1 plan, they were likely pre-scheduled transactions rather than spontaneous trades based on current company information; 10b5-1 plans are commonly used to automate regular sales.
• For retail investors: purchases by insiders are often viewed as a stronger bullish signal than routine sales. This filing documents sizeable proceeds but, standing alone, does not indicate new insider optimism or pessimism.