Sea Ltd (SE) Director Heng Chen Seng Sells Shares

What Happened

• Heng Chen Seng, a director of Sea Ltd (SE), sold a total of 20,000 shares in open-market transactions on August 14, 2026, generating gross proceeds of $2,446,166.
  • 19,138 shares sold at a weighted average reported price of $122.26 for $2,339,812 (see footnote F1).
  • 764 shares sold at $123.29 for $94,194 (footnote F2 covers related prices).
  • 98 shares sold at $124.08 for $12,160.
• These were outright sales (Transaction code S). Sales are often routine dispositions and do not by themselves indicate a change in company outlook.

Key Details

• Transaction date: 2026-08-14; Form 4 filed: 2026-08-18 (timely — filed within the standard two business days).
• Total shares sold: 20,000; total proceeds: $2,446,166 (approx. $2.45M).
• Shares owned after the transaction: not disclosed in the provided filing excerpt.
• Footnotes:
  • F1: Weighted average $122.26 represents sales priced in the $122.00–$122.99 range; the reporting person can provide a breakdown on request.
  • F2: Weighted average $123.29 represents sales priced in the $123.02–$123.56 range.
• No 10b5-1 trading plan, option exercise, gift, or tax-withholding detail was indicated in the supplied information.

Context

• This filing documents ordinary open-market sales by a company director. For retail investors, purchases and option exercises tied to long-term ownership are often more informative about insider confidence than routine sales. As always, consider this trade alongside other insider activity and company fundamentals.