Ye Gang 4

What Happened

Ye Gang, Sea Ltd (SE) Chief Operating Officer and Director, sold a total of 40,000 Sea shares in two batches (20,000 on 2026-07-22 and 20,000 on 2026-07-23) for aggregate proceeds of approximately $4,127,585. Individual trades on 7/22 were at prices of $103.52, $104.69, $105.59 and $106.29 (total ~20,000 shares, ~$2.104M). Trades on 7/23 were at prices of $99.98, $100.62, $101.81, $102.88 and $103.68 (total ~20,000 shares, ~$2.023M). All transactions are reported as sales (code S).

Key Details

• Transaction dates: 2026-07-22 and 2026-07-23; Form 4 filed 2026-07-24 (timely under Form 4 rules).
• Total sold: 40,000 shares for about $4,127,585 in proceeds.
• Price range: reported prices per trade ranged roughly $99.98–$106.29; filing footnotes show weighted-average ranges across trades of about $99.33–$106.69.
• Footnotes: Sales were made pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by Ye Gang on Sept 4, 2025 (footnote F1). The filing includes weighted-average price notes and an undertaking to provide a per-price breakdown on request (footnote F2).
• Shares owned after transaction: not specified in the provided filing details.
• Transaction type: Sales (S); no options exercised, awards, or gifts reported.

Context

• These sales were executed under a pre-established Rule 10b5-1 plan, which typically indicates pre-planned disposition rather than ad hoc insider selling.
• For retail investors: purchases generally carry more informational weight than routine 10b5-1 sales; this filing documents disposition, not new insider buying.