Sea Ltd (SE) COO Ye Gang Sells 40,000 Shares ($4.3M)

What Happened

• Ye Gang, Chief Operating Officer and Director of Sea Ltd (SE), sold a total of 40,000 shares in open‑market transactions on Sept 11 and Sept 14, 2026. The nine sales totaled approximately $4,308,773 (weighted average prices ranged across several brackets).
• Individual transactions included 9,855 shares at $106.92 ($1,053,697), 8,945 at $107.95 ($965,613), 1,200 at $108.72 ($130,464), 2,700 at $105.32 ($284,364), 2,800 at $106.28 ($297,584), 1,500 at $107.34 ($161,010), 7,900 at $108.53 ($857,387), 3,300 at $109.30 ($360,690), and 1,800 at $109.98 ($197,964).
• These were sales (S) — often routine dispositions — and most were executed pursuant to a Rule 10b5‑1 trading arrangement (see footnote).

Key Details

• Transaction dates: Sept 11, 2026 and Sept 14, 2026; Form 4 filed Sept 15, 2026.
• Total shares sold: 40,000; total proceeds: ~$4.31 million.
• Price details: filing includes weighted‑average notes covering price ranges roughly $104.90 to $110.10 (see footnotes F2–F10); the filer offers to provide per‑price breakdown on request.
• 10b5‑1 plan: Footnote F1 states the sales were made pursuant to a Rule 10b5‑1 plan adopted by a BVI entity controlled by Ye Gang on May 21, 2026.
• Shares owned after transaction: Not specified in the excerpt provided — check the full Form 4 for post‑transaction holdings.
• Timeliness: The report was filed on Sept 15 covering trades on Sept 11 and Sept 14. Form 4 typically must be filed within two business days; the Sept 11 trades appear to have been reported more than two business days later.

Context

• Sales under Rule 10b5‑1 plans are pre‑arranged and often routine; they do not by themselves indicate the insider’s view of the company’s prospects.
• For retail investors, purchases by insiders are generally more informative than scheduled sales; these transactions match a planned disposition under a trading plan rather than an ad‑hoc sale.