Sea Ltd (SE) President Feng Zhimin Sells 30,000 Shares

What Happened
Feng Zhimin, President of Sea Ltd (ticker: SE), sold a total of 30,000 Sea shares in open-market/private sales on August 13–14, 2026, generating approximately $3,692,418 in proceeds. Individual transactions included multiple lots at prices ranging roughly from $121.84 to $127.02 per share (see Key Details for line items). The sales were made pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the reporting person on March 26, 2026. These were outright sales (not purchases or option exercises), which are generally routine rather than a clear bullish signal.

Key Details

• Transaction dates: August 13 and August 14, 2026 (filed Aug 17, 2026; filing appears timely).
• Individual trades reported:
  • 8/13/2026 — 5,472 shares @ $122.88 = $672,399
  • 8/13/2026 — 4,960 shares @ $123.84 = $614,246
  • 8/13/2026 — 2,755 shares @ $124.90 = $344,100
  • 8/13/2026 — 1,107 shares @ $126.05 = $139,537
  • 8/13/2026 — 706 shares @ $127.02 = $89,676
  • 8/14/2026 — 10,003 shares @ $121.84 = $1,218,766
  • 8/14/2026 — 4,221 shares @ $122.60 = $517,495
  • 8/14/2026 — 589 shares @ $123.64 = $72,824
  • 8/14/2026 — 187 shares @ $125.00 = $23,375
• Total: 30,000 shares sold for ~$3,692,418.
• Shares owned after the transactions: Not reported in the excerpt provided.
• Notable footnotes:
  • F1: Sales executed under a Rule 10b5-1 plan adopted Mar 26, 2026 by a BVI entity controlled by the reporting person.
  • F2–F9: Provide weighted-average prices and price ranges for grouped sales (overall price ranges reported in the filing span about $121.26–$127.45).
• Filing timeliness: The Form 4 was filed Aug 17, 2026; based on the Aug 13–14 trades this filing appears to meet the Form 4 reporting timeframe (within two business days).

Context
Sales made under a 10b5-1 plan are typically prearranged and can be routine (e.g., for diversification, liquidity, or other personal reasons); they do not necessarily indicate a change in management’s view of the company. For retail investors, purchases by insiders are often seen as stronger signals than routine sales. This report documents disclosed sales only; it does not explain the insider’s motivation.