[144] Sea Limited American SEC Filing
Form 144 filed for SE (Sea Limited) reports a proposed sale of 101,229 American Depositary Shares (ADS) through UBS Financial Services on the NYSE, with an aggregate market value of $18,573,496.90 and approximately 543,584,213 ADS outstanding at the time of the notice. The shares were acquired by the seller as vested restricted stock units on 04/30/2025 and are described as compensation for services. The filing also discloses prior sales by the same account during June and August 2025, totaling 202,419 ADS sold across multiple transactions. The filer represents no undisclosed material adverse information.
Deposito del Modulo 144 per SE (Sea Limited) segnala la proposta di vendita di 101.229 American Depositary Shares (ADS) tramite UBS Financial Services alla NYSE, per un valore complessivo di mercato di $18.573.496,90 e con circa 543.584.213 ADS in circolazione al momento dell’avviso. Le azioni sono state acquisite dal venditore come unità azionarie vincolate vestite il 30/04/2025 e sono indicate come compenso per servizi. La comunicazione riporta inoltre vendite precedenti dallo stesso conto nei mesi di giugno e agosto 2025, per un totale di 202.419 ADS vendute in più transazioni. Il dichiarante afferma di non possedere informazioni materiali avverse non divulgate.
Presentación del Formulario 144 para SE (Sea Limited) informa de la propuesta de venta de 101.229 American Depositary Shares (ADS) a través de UBS Financial Services en la NYSE, con un valor de mercado agregado de $18.573.496,90 y aproximadamente 543.584.213 ADS en circulación al momento del aviso. Las acciones fueron adquiridas por el vendedor como unidades restringidas de acciones adquiridas (vested RSU) el 30/04/2025 y se describen como compensación por servicios. La presentación también revela ventas previas desde la misma cuenta en junio y agosto de 2025, por un total de 202.419 ADS vendidas en varias transacciones. El declarante asegura que no existe información material adversa no divulgada.
SE (Sea Limited)에 대한 Form 144 제출은 UBS Financial Services를 통해 NYSE에서 101,229주의 American Depositary Shares(ADS) 매각을 제안하며, 총 시가 약 $18,573,496.90이고 공고 시점에 약 543,584,213 ADS가 유통 중이라고 보고합니다. 해당 주식은 매도인이 2025-04-30에 보상 성격의 베스티드 제한주식단위(vested RSU)로 취득한 것이며 서비스에 대한 보수로 설명됩니다. 제출서에는 같은 계정에서 2025년 6월과 8월에 걸쳐 총 202,419 ADS가 여러 거래로 매각된 경력도 공개되어 있습니다. 제출인은 공개되지 않은 중대한 불리한 정보가 없음을 진술합니다.
Dépôt du formulaire 144 pour SE (Sea Limited) signale une proposition de vente de 101 229 American Depositary Shares (ADS) via UBS Financial Services à la NYSE, pour une valeur de marché totale de 18 573 496,90 $ et environ 543 584 213 ADS en circulation au moment de l’avis. Les actions ont été acquises par le vendeur sous forme d’unités d’actions restreintes acquises (vested RSU) le 30/04/2025 et sont décrites comme une rémunération pour services. Le dépôt révèle également des ventes antérieures par le même compte en juin et août 2025, pour un total de 202 419 ADS vendues lors de plusieurs transactions. Le déclarant affirme qu’il n’existe aucune information défavorable matérielle non divulguée.
Formular 144 eingereicht für SE (Sea Limited) meldet einen vorgeschlagenen Verkauf von 101.229 American Depositary Shares (ADS) über UBS Financial Services an der NYSE mit einem Gesamtmarktwert von $18.573.496,90 und etwa 543.584.213 ADS im Umlauf zum Zeitpunkt der Mitteilung. Die Aktien wurden vom Verkäufer am 30.04.2025 als ausgegebene eingeschränkte Aktieneinheiten (vested RSUs) erworben und als Vergütung für erbrachte Dienstleistungen angegeben. Die Meldung legt außerdem frühere Verkäufe desselben Kontos in Juni und August 2025 offen, insgesamt 202.419 ADS, verkauft in mehreren Transaktionen. Der Melder gibt an, keine nicht offengelegten wesentlichen nachteiligen Informationen zu besitzen.
- Clear disclosure of acquisition method (RSU vesting) and planned brokered sale through UBS on the NYSE
- Transaction size is small relative to total outstanding ADS (101,229 vs. 543,584,213 outstanding)
- Filer represented no undisclosed material adverse information as required by the form
- Significant recent selling activity: 202,419 ADS sold across June and August 2025 by the same account
- Material value being monetized: proposed sale valued at about $18.57 million may be viewed negatively by some investors
Insights
TL;DR: Routine insider sale of vested RSUs; transaction size is modest relative to total outstanding ADS.
The seller acquired 101,229 ADS by RSU vesting on 04/30/2025 and plans to sell through UBS on the NYSE. The proposed sale value of about $18.6 million represents a small fraction of the roughly 543.6 million ADS outstanding, suggesting limited direct dilution or balance-sheet impact for the issuer. Recent activity shows material selling over June and August 2025 totaling 202,419 ADS, indicating ongoing monetization of position rather than a single large liquidation event. For investors, this appears to be scheduled compensation-driven selling rather than a company performance signal.
TL;DR: Disclosure aligns with Rule 144 requirements; repeated sales merit monitoring but are not automatically adverse.
The filing clearly states the securities were acquired via RSU vesting and that sales will be executed through a broker, complying with Rule 144 transparency obligations. The pattern of multiple sales in June and August 2025 plus the announced 101,229 ADS sale could reflect routine executive compensation monetization. While the disclosure is proper, stakeholders may monitor for any concentrated selling that could suggest management liquidity needs or tax-driven selling; however, the amounts disclosed are small relative to total ADS outstanding.
Deposito del Modulo 144 per SE (Sea Limited) segnala la proposta di vendita di 101.229 American Depositary Shares (ADS) tramite UBS Financial Services alla NYSE, per un valore complessivo di mercato di $18.573.496,90 e con circa 543.584.213 ADS in circolazione al momento dell’avviso. Le azioni sono state acquisite dal venditore come unità azionarie vincolate vestite il 30/04/2025 e sono indicate come compenso per servizi. La comunicazione riporta inoltre vendite precedenti dallo stesso conto nei mesi di giugno e agosto 2025, per un totale di 202.419 ADS vendute in più transazioni. Il dichiarante afferma di non possedere informazioni materiali avverse non divulgate.
Presentación del Formulario 144 para SE (Sea Limited) informa de la propuesta de venta de 101.229 American Depositary Shares (ADS) a través de UBS Financial Services en la NYSE, con un valor de mercado agregado de $18.573.496,90 y aproximadamente 543.584.213 ADS en circulación al momento del aviso. Las acciones fueron adquiridas por el vendedor como unidades restringidas de acciones adquiridas (vested RSU) el 30/04/2025 y se describen como compensación por servicios. La presentación también revela ventas previas desde la misma cuenta en junio y agosto de 2025, por un total de 202.419 ADS vendidas en varias transacciones. El declarante asegura que no existe información material adversa no divulgada.
SE (Sea Limited)에 대한 Form 144 제출은 UBS Financial Services를 통해 NYSE에서 101,229주의 American Depositary Shares(ADS) 매각을 제안하며, 총 시가 약 $18,573,496.90이고 공고 시점에 약 543,584,213 ADS가 유통 중이라고 보고합니다. 해당 주식은 매도인이 2025-04-30에 보상 성격의 베스티드 제한주식단위(vested RSU)로 취득한 것이며 서비스에 대한 보수로 설명됩니다. 제출서에는 같은 계정에서 2025년 6월과 8월에 걸쳐 총 202,419 ADS가 여러 거래로 매각된 경력도 공개되어 있습니다. 제출인은 공개되지 않은 중대한 불리한 정보가 없음을 진술합니다.
Dépôt du formulaire 144 pour SE (Sea Limited) signale une proposition de vente de 101 229 American Depositary Shares (ADS) via UBS Financial Services à la NYSE, pour une valeur de marché totale de 18 573 496,90 $ et environ 543 584 213 ADS en circulation au moment de l’avis. Les actions ont été acquises par le vendeur sous forme d’unités d’actions restreintes acquises (vested RSU) le 30/04/2025 et sont décrites comme une rémunération pour services. Le dépôt révèle également des ventes antérieures par le même compte en juin et août 2025, pour un total de 202 419 ADS vendues lors de plusieurs transactions. Le déclarant affirme qu’il n’existe aucune information défavorable matérielle non divulguée.
Formular 144 eingereicht für SE (Sea Limited) meldet einen vorgeschlagenen Verkauf von 101.229 American Depositary Shares (ADS) über UBS Financial Services an der NYSE mit einem Gesamtmarktwert von $18.573.496,90 und etwa 543.584.213 ADS im Umlauf zum Zeitpunkt der Mitteilung. Die Aktien wurden vom Verkäufer am 30.04.2025 als ausgegebene eingeschränkte Aktieneinheiten (vested RSUs) erworben und als Vergütung für erbrachte Dienstleistungen angegeben. Die Meldung legt außerdem frühere Verkäufe desselben Kontos in Juni und August 2025 offen, insgesamt 202.419 ADS, verkauft in mehreren Transaktionen. Der Melder gibt an, keine nicht offengelegten wesentlichen nachteiligen Informationen zu besitzen.
FAQ
What is being reported in the Form 144 for SE?
How many ADS were sold by the same account in the past three months?
What is the aggregate market value of the proposed sale?
Through which broker will the sale be executed?
How large is this sale relative to total outstanding ADS?
