Sea Ltd (SE) — Zhao Feng, Garena President Sells 4,000 Shares

What Happened

• Zhao Feng, President of Garena (a business unit of Sea Ltd, ticker SE), sold a total of 4,000 Sea ordinary shares in open-market/private transactions on August 11–12, 2026 for aggregate proceeds of approximately $513,826. These were sales (not purchases or option exercises) and were executed under a pre-established Rule 10b5-1 trading plan.

Key Details

• Transaction breakdown:
  • 2026-08-11: 2,000 shares @ $128.26 = $256,520 (footnote F2)
  • 2026-08-12: 248 shares @ $127.04 = $31,506 (F3)
  • 2026-08-12: 687 shares @ $127.80 = $87,799 (F4)
  • 2026-08-12: 331 shares @ $128.93 = $42,676 (F5)
  • 2026-08-12: 611 shares @ $129.68 = $79,234 (F6)
  • 2026-08-12: 118 shares @ $130.79 = $15,433 (F7)
  • 2026-08-12: 5 shares @ $131.67 = $658
• Total sold: 4,000 shares for ~$513,826.
• Shares owned after the transactions: Not specified in the provided filing excerpt.
• Footnotes of note:
  • F1: Sales executed pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the reporting person on Dec 26, 2025.
  • F2–F7: Indicate weighted-average prices covering specified price ranges for the grouped sales; F2 notes the filer will provide breakouts on request.
• Filing timeliness: Form 4 was filed Aug 13, 2026 for trades on Aug 11–12, 2026 — appears timely (no late-filing flag).

Context

• These transactions were pre-arranged under a Rule 10b5-1 plan, which allows insiders to sell shares according to a schedule established in advance; such sales are often routine and do not necessarily indicate a change in the insider’s view of the company. No purchases, option exercises, gifts, or tax-withholding events were reported in this filing excerpt.