Wang Yanjun 4

What Happened
Wang Yanjun, Chief Commercial Officer and General Counsel of Sea Ltd (SE), sold a total of 2,400 shares in open‑market transactions on July 24 and July 27, 2026, generating approximately $244,482 in gross proceeds. The sales were executed at prices ranging roughly from $97.73 to $105.32 per share and were made pursuant to a Rule 10b5‑1 trading plan adopted by a BVI entity controlled by Wang on March 26, 2026. These were outright sales (code S) — routine dispositions rather than purchases.

Key Details

• Transaction dates: July 24, 2026 and July 27, 2026. Form filed: July 28, 2026 (Period of Report: July 24, 2026). Filing appears timely.
• Individual sale lots (shares @ reported price, proceeds):
  • 294 @ $98.15 → $28,856
  • 117 @ $99.34 → $11,623
  • 738 @ $100.22 → $73,962
  • 51 @ $100.81 → $5,141
  • 248 @ $102.55 → $25,432
  • 374 @ $104.21 → $38,975
  • 578 @ $104.66 → $60,493
• Total: 2,400 shares sold for about $244,482.
• Footnotes: F1 — sales were made under a Rule 10b5‑1 plan adopted by a BVI entity controlled by the reporting person (March 26, 2026). F2–F8 give weighted‑average prices and price ranges for the respective sale groupings; the filer offers to provide per‑price breakdowns on request.
• Shares owned after the transactions: not specified in the provided summary of the filing (see the full Form 4 for post‑trade holdings).

Context

• These were sales under a pre‑arranged 10b5‑1 plan. Such plans schedule transactions in advance and are commonly used for compliance and diversification; they do not necessarily signal the insider’s current view of the company.
• For retail investors: purchases generally provide stronger direct signals of insider conviction than pre‑planned sales. Check the full Form 4 for exact post‑trade holdings and any additional disclosures.