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

What Happened
Wang Yanjun, Sea Ltd's (SE) Chief Commercial Officer and General Counsel, sold a total of 2,400 shares of Sea stock in open-market transactions on September 15–16, 2026, generating approximately $249,508 in proceeds. The individual trades reported were:

• 2026-09-15: 534 shares @ $103.33 = $55,178
• 2026-09-15: 516 shares @ $103.87 = $53,597
• 2026-09-15: 66 shares @ $105.07 = $6,935
• 2026-09-15: 84 shares @ $106.00 = $8,904
• 2026-09-16: 150 shares @ $103.04 = $15,456
• 2026-09-16: 785 shares @ $103.97 = $81,616
• 2026-09-16: 265 shares @ $104.99 = $27,822

These transactions are sales (code S) and therefore represent dispositions of shares rather than purchases.

Key Details

• Transaction dates: September 15–16, 2026; Form 4 filed September 17, 2026 (within the standard 2-business-day reporting window).
• Total sold: 2,400 shares for ~$249,508.
• Shares owned after transaction: Not disclosed in the materials provided.
• Notable footnotes: The filing states the shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the reporting person (footnote F1). Additional footnotes (F2–F8) describe weighted-average price ranges for groups of sales and note the reporting person can provide a per-price breakdown on request.
• Transaction type: Open-market sales (no options exercised, awards, or gifts reported).

Context
Sales under a pre-established Rule 10b5-1 plan are typically prearranged and do not by themselves indicate current insider sentiment. For retail investors, purchases are often more informative about insider conviction; these items are routine disclosures of insider liquidity rather than company corporate actions.