Sea (SE) Garena President Zhao Feng Sells 420 Shares

What Happened
Zhao Feng, President of Garena (a Sea Ltd business segment), sold 420 shares of Sea Ltd on August 19, 2026 for a weighted average price of $120.02, generating proceeds of approximately $50,408. The sale was executed pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by Zhao on December 26, 2025.

Key Details

• Transaction date: 2026-08-19; Filing date: 2026-08-21 (Form 4 filed within the typical 2-business-day window).
• Price(s): weighted average $120.02; reported price range $120.02–$120.03 (reporting person can provide exact breakdown on request).
• Shares sold: 420; Proceeds: ~$50,408.
• Shares owned after transaction: not disclosed in the provided excerpt of the filing.
• Footnotes: F1 — sale pursuant to a 10b5-1 plan adopted 2025-12-26 by a BVI entity controlled by the reporting person. F2 — weighted-average price note and availability of per-price breakdown.
• Accession number: 0001193125-26-359852 (Period of report: 2026-08-19).

Context
Sales made under a Rule 10b5-1 plan are pre-scheduled and often represent routine disposition rather than a contemporaneous view on the company’s prospects. For retail investors, purchases typically carry clearer signals of insider confidence than planned sales; this single small sale (~$50k) should be viewed in that light.