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

What Happened

• Wang Yanjun, Chief Commercial Officer and General Counsel of Sea Ltd (SE), disposed of 2,700 Sea ordinary shares in a series of open‑market sales on September 11 and September 14, 2026, receiving aggregate proceeds of approximately $291,418.
• Breakdown by date:
  • Sept 11, 2026 — 1,200 shares sold in three transactions: 660 shares @ $106.96 ($70,594); 475 shares @ $107.96 ($51,281); 65 shares @ $108.75 ($7,069). Total for 9/11: 1,200 shares / $128,944.
  • Sept 14, 2026 — 1,500 shares sold in six transactions: 144 @ $105.20 ($15,149); 204 @ $106.20 ($21,665); 96 @ $107.28 ($10,299); 372 @ $108.42 ($40,332); 234 @ $109.10 ($25,529); 450 @ $110.00 ($49,500). Total for 9/14: 1,500 shares / $162,474.
• These were sales (S) — routine dispositions rather than purchases.

Key Details

• Transaction dates: September 11, 2026 and September 14, 2026. Form filed September 15, 2026 (timely filing within required period).
• Total sold: 2,700 shares for roughly $291,418 in proceeds.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable footnotes:
  • F1: Sales were made pursuant to a Rule 10b5‑1 trading plan adopted by a BVI entity controlled by the reporting person (plan adopted March 26, 2026).
  • F2–F10: Several transactions reported as weighted‑average prices that fall within specified price ranges (the filer states they will provide a per‑price breakdown upon request for ranges noted in F2).
• Transaction type code: S = Sale.

Context

• Sales executed under a Rule 10b5‑1 plan are pre‑arranged trading programs that allow insiders to sell shares at scheduled times and are commonly used to avoid questions about trading on material nonpublic information. Such sales are often routine and do not by themselves indicate the insider’s current view of the company.
• For retail investors, purchases are generally more informative about insider sentiment; these disclosed sales should be treated as factual records of disposition rather than a firm signal of company prospects.