Sea Ltd (SE) CCO/GC Wang Yanjun Sells Shares

What Happened

• Wang Yanjun, Chief Commercial Officer and General Counsel of Sea Ltd (SE), sold a total of 3,000 Sea ordinary shares in open-market/private sales on 2026-09-04 and 2026-09-08. Individual trades: 487 sh @ $112.64 ($54,856); 898 sh @ $113.51 ($101,932); 115 sh @ $114.35 ($13,150); 217 sh @ $110.83 ($24,050); 207 sh @ $112.08 ($23,201); 612 sh @ $113.01 ($69,162); 464 sh @ $113.61 ($52,715). Aggregate proceeds ≈ $339,066. These transactions are reported as sales (code S).

Key Details

• Transaction dates: 2026-09-04 and 2026-09-08. Prices per trade shown above; footnotes report price ranges and weighted averages across grouped sales (see below).
• Total shares sold: 3,000; approximate total proceeds: $339,066.
• Shares owned after the transactions: not specified in the details provided here (see the full Form 4 for post-transaction holdings).
• Notable footnotes:
  • F1: Sales were pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the reporting person on March 26, 2026.
  • F2–F8: Indicate weighted-average prices and the price ranges for groups of shares sold (ranges from about $110.31 up to $114.72); the filer offers to provide per-price breakdowns on request.
• Filing timeliness: Form filed 2026-09-09. The 2026-09-04 trades appear to have been reported after the usual 2-business-day Form 4 deadline (the 2026-09-08 trades were reported promptly); consult the full filing for any explanatory disclosure.

Context

• These were straightforward sales (not option exercises, awards, or gifts). The sales were executed under a pre-established 10b5-1 plan (per F1), which typically indicates prearranged timing rather than ad hoc trading decisions. As with all insider sales, the transactions are factual disclosures and do not by themselves indicate the insider’s private view of the company’s prospects.