Sea Ltd (SE) CEO Li Xiaodong Sells 19,230 Shares

What Happened

• Li Xiaodong, Chairman and CEO of Sea Ltd (SE), disposed of 19,230 Class A ordinary shares in open-market sales on August 13, 2026. The sales were executed in five lots at reported prices of $122.72, $123.70, $124.72, $125.54 and $126.49, producing aggregate proceeds of approximately $2,383,819. These sales were made pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by Mr. Li.

Key Details

• Transaction date: August 13, 2026 (Filed: August 17, 2026).
• Lots and values: 6,039 shares @ $122.72 ($741,106); 6,442 @ $123.70 ($796,875); 3,520 @ $124.72 ($439,014); 1,697 @ $125.54 ($213,041); 1,532 @ $126.49 ($193,783).
• Total shares sold: 19,230; total proceeds: about $2.38 million.
• Shares owned after transaction: not specified in the information provided in this summary (see the filing for full beneficial ownership figures).
• Notable footnotes: sales executed under a 10b5-1 plan adopted Sept 10, 2025 by a BVI entity controlled by Mr. Li (F1). Reported prices are weighted averages across price ranges (F2–F6); the filer offers to provide per-price breakdown upon request.
• Filing timeliness: Trade date Aug 13; Form 4 filed Aug 17 — four days later, which appears to exceed the SEC’s usual 2-business-day filing window for Form 4s.

Context

• These were preplanned sales under a 10b5-1 plan, which typically allows insiders to sell on a preset schedule and is generally treated as routine rather than a direct signal of changed sentiment. Sales reduce holdings but do not by themselves indicate the insider’s view of the company’s prospects.