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Sea Limited (SE) Form 144: 1.92M ADS Proposed Sale ($369.9M)

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Form 144 filed for Sea Limited (SE) ADS shows a proposed sale of 1,920,000 ADS through J.P. Morgan Securities with an aggregate market value of $369,926,400 and an approximate sale date of 09/10/2025 on the NYSE. The filing reports these ADS were acquired on 07/16/2021 by exercise of share options under the issuer's ESOP and were paid as compensation for services.

The filing also discloses numerous prior ADS dispositions by Alpha Ally Holdings Limited during June–August 2025 in blocks of 10,000 ADS on many trade dates, with individual gross proceeds shown for each trade.

Positive

  • None.

Negative

  • Proposed large sale of 1,920,000 ADS (aggregate market value $369,926,400) could add significant near-term supply into the market on 09/10/2025
  • Multiple recent dispositions by Alpha Ally Holdings Limited in June–August 2025, each of 10,000 ADS, indicate ongoing selling activity from related parties

Insights

TL;DR: Significant insider-related supply may increase available ADS into market on a single date.

This Form 144 notifies the market of a proposed sale of 1,920,000 ADS valued at about $369.9 million, to be executed via a broker on 09/10/2025. The securities were acquired through an ESOP exercise in 2021 and were compensation for services, indicating these are not open-market purchases. The filing also documents a series of systematic dispositions by Alpha Ally Holdings Limited in June–August 2025, each reported as 10,000 ADS trades with specific gross proceeds. For investors, the filing increases transparency about potential near-term supply but does not by itself disclose any nonpublic operational information.

TL;DR: Large planned sale stems from exercised ESOP awards; disclosure aligns with Rule 144 requirements.

The notice indicates the ADS to be sold were acquired via exercise of share options under the issuer's ESOP on 07/16/2021 and were classified as compensation. The filer certifies lack of undisclosed material information as required. The documented prior sales by an affiliated holder show ongoing disposition activity. From a governance perspective, the filing fulfills regulatory notice obligations but signals meaningful insider-linked share movement that stakeholders may monitor for timing and volume impact.

FAQ

What does the Form 144 for Sea Limited (SE) disclose?
The Form 144 discloses a proposed sale of 1,920,000 ADS (aggregate market value $369,926,400) to be executed via J.P. Morgan on 09/10/2025, plus prior ADS dispositions in June–August 2025.

When were the ADS being sold originally acquired?
The ADS proposed for sale were acquired on 07/16/2021 through the exercise of share options under the issuer's ESOP and were paid as compensation for services.

Which broker is handling the proposed sale of SE ADS?
The filing names J.P. Morgan Securities LLC as the broker, located at 390 Madison Avenue, New York, NY.

On which exchange is the proposed sale scheduled?
The proposed sale is scheduled on the NYSE with an approximate date of 09/10/2025.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

Source: View Original Filing on SEC EDGAR