Research Summary
AI-generated summary of this SEC filing
Sea Ltd (SE) CEO Li Xiaodong Sells 5,164 Shares
What Happened
Li Xiaodong, Chairman and CEO of Sea Ltd (SE), disposed of 5,164 Class A ordinary shares on August 28, 2026. The shares were sold at a weighted average price of $120.43 per share (prices ranged $120.02–$120.77), for total proceeds of approximately $621,901. This was a sale (not a purchase or option exercise).
Key Details
- Transaction date: August 28, 2026
- Report filed: September 1, 2026 (timely; within required two business days)
- Shares sold: 5,164
- Price: weighted average $120.43; reported range $120.02–$120.77 (footnote states full per-price breakdown available on request)
- Proceeds: ~$621,901
- Footnote: Sale executed pursuant to a Rule 10b5-1 trading plan adopted September 10, 2025 by a BVI entity controlled by the reporting person.
- Shares owned after transaction: Not specified in the provided filing summary.
- Filing timeliness: Timely (filed Sep 1 for an Aug 28 trade).
Context
The sale was executed under a pre-established 10b5-1 plan, which is commonly used to schedule trades in advance and reduce concerns about trading on nonpublic information. This filing reports a disposition (routine sale) and does not, by itself, indicate the insider’s view of Sea’s prospects.