Sea Ltd (SE) CPO Chen Jingye Sells Shares

What Happened

• Chen Jingye, Chief Product Officer (Shopee) at Sea Ltd (SE), reported open-market sales totaling 60,000 shares across trades on 2026-09-17 and 2026-09-18. The individual trades: 18,691 @ $101.23 ($1,892,090); 10,409 @ $101.90 ($1,060,677); 900 @ $103.01 ($92,709); 4,262 @ $100.24 ($427,223); 5,105 @ $101.10 ($516,116); and 20,633 @ $101.88 ($2,102,090). Aggregate proceeds were approximately $6,090,905.
• These were sales (S), which are routine dispositions of stock and are not direct indicators of company performance or insider sentiment.

Key Details

• Transaction dates: 2026-09-17 and 2026-09-18; Form 4 filed 2026-09-21 covering those trades.
• Price detail: individual trade prices listed above; footnotes report weighted-average ranges for grouped sales (examples: ranges reported include ~$99.58–$103.17 across trades).
• Footnotes: Sales were executed pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by Chen Jingye on June 10, 2026.
• Shares owned after the transactions: not provided in the material supplied.
• Filing timeliness: Form filed four days after the earliest trade (9/17 → 9/21). Form 4s are generally due within two business days of a transaction, so this filing appears later than the typical deadline.

Context

• Sales executed under a 10b5-1 plan are pre-arranged and commonly used by insiders to sell shares on a scheduled basis; such sales are often routine rather than a contemporaneous signal about the company.
• For retail investors, purchases are generally more informative about insider conviction than scheduled sales, but knowing the size ($6.09M) and that the trades were under a formal plan provides useful transparency.