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

What Happened

• Wang Yanjun, Sea Ltd’s Chief Commercial Officer and General Counsel, sold a total of 2,520 Sea (SE) shares in multiple open‑market transactions on September 9–10, 2026, producing aggregate proceeds of approximately $273,306. Individual trades reported:
  • 2026-09-09: 795 shares at $108.41 — $86,186
  • 2026-09-09: 405 shares at $109.23 — $44,238
  • 2026-09-09: 84 shares at $110.56 — $9,287
  • 2026-09-09: 36 shares at $111.36 — $4,009
  • 2026-09-10: 945 shares at $107.85 — $101,918
  • 2026-09-10: 255 shares at $108.50 — $27,668
• These were sales (S) — routine disposition of stock rather than purchases. Sales do not necessarily indicate a change in insider view; many reported sales are pre‑scheduled or for diversification/liquidity.

Key Details

• Transaction dates: September 9–10, 2026. Filing date (Accession 0001193125-26-388562): September 11, 2026 (appears timely).
• Total shares sold: 2,520; total proceeds: ~$273,306.
• Price ranges / weighted averages (per filing footnotes): reported weighted averages represent sales executed at prices in these ranges:
  • $107.31–$108.30; $107.88–$108.87; $108.32–$108.71; $108.88–$109.76; $110.11–$110.78; $110.99–$111.83.
• Notable footnote: F1 — sales were made pursuant to a Rule 10b5‑1 trading plan adopted March 26, 2026 by a BVI entity controlled by the reporting person.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Filing timeliness: filed two business days after the initial reported trade date; no late‑filing flag indicated in the provided data.

Context

• Because the sales were executed under a Rule 10b5‑1 plan, they may have been pre‑scheduled and not based on contemporary, nonpublic information. That makes these transactions more likely to be routine liquidity actions rather than new signals about company prospects.
• No options exercises, awards, or gifts were reported in this filing — only outright sales.