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

What Happened Zhao Feng, President of Garena, sold a total of 4,000 Sea Ltd (SE) shares in two open-market transactions, realizing approximately $482,720 in gross proceeds. On 2026-08-25 he sold 2,000 shares at an average price of $120.03 for $240,060; on 2026-08-26 he sold 2,000 shares at an average price of $121.33 for $242,660. These were sales (S), not purchases.

Key Details

• Transaction dates and prices:
  • 2026-08-25: 2,000 shares at $120.03 (weighted price range reported $120.01–$120.10; see footnote F2)
  • 2026-08-26: 2,000 shares at $121.33 (weighted price range reported $121.10–$121.39; see footnote F3)
• Total shares sold: 4,000; total proceeds ≈ $482,720.
• Shares owned after the transactions: Not disclosed in this filing.
• Notable footnotes:
  • F1: Sales were made pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the reporting person on 2025-12-26.
  • F2/F3: Each note gives the price ranges used to calculate the reported weighted-average prices; the filer offers to provide per-price counts on request.
• Filing: Form 4 filed 2026-08-27 reporting trades on 2026-08-25 and 2026-08-26. No late filing flag indicated.

Context The trades were executed under a pre-established Rule 10b5-1 plan, which generally means they were scheduled in advance and are considered routine disposition activity. Such plans reduce the informational significance of individual sales; this filing is factual and does not indicate the insider’s current view of the company.