Sea Ltd (SE) President Feng Zhimin Sells Shares

What Happened Feng Zhimin, President of Sea Ltd (SE), disposed of 30,000 Sea shares in a series of open-market sales on August 11–12, 2026, for an aggregate proceeds of about $3.88 million. The trades consisted of multiple lots (examples: 7,180 shares @ $130.84 = $939,431; 4,227 shares @ $129.09 = $545,663; 4,104 shares @ $127.92 = $524,984), with individual sale prices in the reported transactions ranging approximately from $126.73 to $131.43. These sales were reported on a Form 4 filed August 13, 2026.

Key Details

• Transaction dates: August 11–12, 2026 (reported Aug 13, 2026).
• Total shares sold: 30,000; Total proceeds: ~$3.88M.
• Reported prices (individual lots): $126.73, $127.02, $127.92, $128.72, $129.09, $129.75, $129.91, $130.70, $130.84, $131.43 (see filing for each lot). Footnotes indicate executed prices broadly ranged ~$126.28–$131.70.
• Sale method: Open-market/ordinary sales.
• Footnote: Sales were made pursuant to a Rule 10b5-1 trading plan adopted March 26, 2026 by a BVI entity controlled by the reporting person (footnote F1). Several footnotes show weighted-average price ranges for grouped lots (F2–F12).
• Shares owned after the transaction: Not specified in the filing.
• Timeliness: Form 4 was filed promptly (no late-filing indication).

Context These were routine disposals executed under a pre-established 10b5-1 plan. A 10b5-1 plan allows insiders to sell at pre-set times and is commonly used to avoid trading on material nonpublic information; it does not, by itself, indicate the insider’s current view on the company. For retail investors, purchases by insiders often carry more direct signal than planned sales; here the filing documents the mechanics and size of the disposals rather than new, ad hoc insider buying.