Research Summary
AI-generated summary of this SEC filing
Sea Ltd (SE) President Feng Zhimin Sells 298 Shares
What Happened
Feng Zhimin, President of Sea Ltd (SE), disposed of 298 shares on August 19, 2026 in a sale at $120.00 per share, generating proceeds of $35,760. The transaction is recorded as a sale (S) and was executed under a prearranged trading plan.
Key Details
- Transaction date and price: 2026-08-19 — 298 shares at $120.00/share.
- Total proceeds: $35,760.
- Transaction type/code: Sale (S); reported as open-market/private sale.
- Shares owned after transaction: Not reported in the provided filing details.
- Footnote: Sale made pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the reporting person on March 26, 2026.
- Filing timeliness: Report filed 2026-08-21 (appears timely within the Form 4 two-business-day window).
Context
Sales executed under Rule 10b5-1 plans are pre-scheduled trading arrangements and are often routine; they do not necessarily reflect the insider’s current view of the company. For retail investors, purchases tend to be more informative about insider confidence than routine, planned sales of this modest size.