Sea Ltd (SE) Garena President Zhao Feng Sells 2,000 Shares

What Happened Zhao Feng, President of Garena (a Sea Ltd business unit), sold 2,000 shares of Sea Ltd (ticker: SE) on August 28, 2026. The shares were disposed at a weighted-average price of $120.07 per share, for total proceeds of approximately $240,140. The filing lists the transaction as a sale (S), executed in the open market or similar disposition.

Key Details

• Transaction date: 2026-08-28; filed with the SEC on 2026-08-31 (Form 4 accession 0001193125-26-375297).
• Price: weighted average $120.07; reported price range $120.00–$120.16 (footnote F2).
• Shares sold: 2,000; proceeds ≈ $240,140.
• Shares owned after transaction: Not disclosed in the information provided.
• Notable footnotes:
  • F1: Sale was pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by Zhao Feng on December 26, 2025.
  • F2: The filing gives a weighted average and price range and offers to provide a per-price breakdown on request.
• Filing timeliness: Form shows filing date 2026-08-31 for the 8/28 transaction; the filing itself does not specify a late-report flag in the provided data.

Context Sales executed under a pre-established Rule 10b5-1 plan are typically planned in advance and often reflect pre-arranged disposition rather than a contemporaneous view on the company’s prospects. This single modest sale (2,000 shares) is informational for investors but does not by itself indicate management sentiment about Sea Ltd.