Sea Ltd (SE) CPO Chen Jingye Sells 60,000 Shares

What Happened

• Chen Jingye, Chief Product Officer (CPO) of Sea Ltd (SE), sold a total of 60,000 Sea American Depositary Shares in multiple open-market transactions on Sept. 11 and Sept. 14, 2026.
• Individual trades ranged from 1,720 to 14,833 shares at reported prices between about $105.27 and $109.97 per share; the combined proceeds reported total approximately $6,463,596.
• These transactions are reported as sales (S). Sales are often routine and, in this case, at least some were executed pursuant to a prearranged trading plan.

Key Details

• Transaction dates: 2026-09-11 and 2026-09-14; Form 4 filed 2026-09-15 (timely within the usual 2-business-day window).
• Per-trade details (shares @ price → proceeds): 14,833 @ $106.95 → $1,586,389; 13,447 @ $107.97 → $1,451,873; 1,720 @ $108.75 → $187,050; 3,700 @ $105.27 → $389,499; 4,700 @ $106.25 → $499,375; 2,200 @ $107.38 → $236,236; 10,800 @ $108.50 → $1,171,800; 5,600 @ $109.19 → $611,464; 3,000 @ $109.97 → $329,910.
• Reported sale-price range and notes: filing includes weighted-average groupings with price ranges roughly from ~$104.83 to ~$110.10 per share; the reporting person offers to provide a per-price breakdown on request (see footnote F2).
• 10b5-1 plan: the filing notes the shares were sold pursuant to a Rule 10b5‑1 trading plan adopted on June 10, 2026 by a BVI entity controlled by Chen Jingye (footnote F1).
• Shares owned after the reported transactions are not specified in the provided excerpt of the filing.

Context

• A Rule 10b5‑1 plan lets insiders execute prearranged trades regardless of later material nonpublic information; sales under such a plan are generally viewed as planned liquidity rather than an up-to-the-minute signal about company prospects.
• Sales reduce insider holdings but, by themselves, do not convey management’s view; purchases typically carry more weight for signaling.