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

What Happened

• Zhao Feng, President of Garena (a Sea Ltd business unit), sold a total of 4,000 Sea Ltd (SE) shares in open‑market transactions on August 13–14, 2026, for aggregate proceeds of approximately $496,188.
• Breakdown: Aug 13 — 463 @ $122.55 ($56,741); 465 @ $123.37 ($57,367); 635 @ $124.32 ($78,943); 210 @ $125.29 ($26,311); 192 @ $126.38 ($24,265); 35 @ $127.45 ($4,461) (total 2,000 shares, $248,088). Aug 14 — 2,000 @ $124.05 ($248,100).
• These were sales (not purchases); sales under an established 10b5‑1 trading plan are often routine rather than an explicit signal about company prospects.

Key Details

• Transaction dates: Aug 13, 2026 and Aug 14, 2026. Filing date: Aug 17, 2026 (filed within the required two business days).
• Prices/ranges: individual lots as listed above; related footnotes state the grouped sales had price ranges roughly $121.90–$127.45 (weighted averages for subgroups).
• Proceeds: roughly $496,188 total.
• Shares owned after the transactions: not provided in the information supplied.
• Notable footnotes: sales were made pursuant to a Rule 10b5‑1 trading plan adopted Dec 26, 2025 by a BVI entity controlled by the reporting person (per filing).
• Filing timeliness: Form 4 filed Aug 17, 2026 — timely relative to the reported transaction dates.

Context

• A Rule 10b5‑1 plan lets insiders pre‑arrange sales at set times or prices; trades under such plans are typically considered pre‑scheduled and do not necessarily reflect an insider’s current view of the company.
• For retail investors, purchases by insiders can be more directly informative than routine sales; these transactions simply document liquidity executed under a plan.