Sea Ltd (SE) CEO Li Xiaodong Sells 57,690 Shares

What Happened

• Li Xiaodong, Chairman and CEO of Sea Ltd (SE), sold a total of 57,690 shares on August 25, 2026 in four dispositions totaling approximately $7,054,266. The sales were reported as open-market/private sales and broke down as:
  • 9,461 shares at $120.50 — $1,140,051 (prices in this lot ranged $120.00–$120.995)
  • 14,334 shares at $121.56 — $1,742,441 (range $121.00–$121.995)
  • 12,495 shares at $122.65 — $1,532,512 (range $122.04–$122.995)
  • 21,400 shares at $123.33 — $2,639,262 (range $123.00–$123.68)
• These were sales (not purchases), which are often routine dispositions; the filing does not state additional context about motivations.

Key Details

• Transaction date: August 25, 2026; Form 4 filed August 27, 2026 (appears timely — two days later).
• Total shares sold: 57,690; total proceeds: about $7.05 million.
• Footnote: Sales were made pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by Li Xiaodong on September 10, 2025.
• Price details: four separate weighted-average prices as listed above, with price ranges provided in the filing (see individual lot ranges).
• Shares owned after the transaction: not provided in the information supplied here.
• Filing remark: the report includes only securities Li may be deemed to beneficially own under Rule 16a-1 and excludes certain Class A shares over which he has voting power but no pecuniary interest.

Context

• The transactions were executed under a pre-established 10b5-1 plan, which typically means the trades were pre-arranged and may reduce the extent to which they signal the insider’s current view of the stock.
• For retail investors, purchases often carry stronger signaling value than planned sales; these sales should be viewed as routine insider liquidity unless other information indicates otherwise.