Ye Gang 4

What Happened Ye Gang, Sea Ltd's (SE) Chief Operating Officer and a director, sold a total of 40,000 Sea ordinary shares in open-market transactions for aggregate proceeds of $4,071,964. The sales were executed over two dates:

• 2026-07-24: 20,000 shares sold in four tranches (3,316 @ $98.18; 1,052 @ $99.31; 15,020 @ $100.30; 612 @ $100.82) — proceeds $1,998,247.
• 2026-07-27: 20,000 shares sold in three tranches (10,600 @ $102.95; 3,489 @ $104.22; 5,911 @ $104.69) — proceeds $2,073,717. These were sales (S), typically viewed as routine dispositions rather than a bullish signal.

Key Details

• Transaction dates: July 24, 2026 and July 27, 2026; Form 4 filed July 28, 2026 (timely).
• Total shares sold: 40,000; total proceeds: $4,071,964.
• Footnote F1: Sales were pursuant to a Rule 10b5-1 trading plan adopted Sept 4, 2025 by a BVI entity controlled by Ye Gang.
• Footnotes F2–F8: Reported per-trade prices reflect weighted averages across price ranges (e.g., $97.73–$105.34); the filer offers to provide per-price breakdowns on request.
• Shares owned after the transactions: not specified in the provided filing excerpt.

Context

• These transactions were executed under a pre-established 10b5‑1 plan, which is commonly used to automate insider sales and reduce questions about timing or intent. Sales under such plans are generally considered less informative about an insider’s current view of the company than discretionary purchases.
• No options exercises, gifts, or tax-withholding events were reported in the provided data.