SE (NYSE: SE) filing: 88,800 ADRs tied to exercised ESOP options

Rhea-AI Filing Summary

SE filed a Form 144 notifying the proposed sale of 88,800 ADRs, arising from the exercise of share options under the issuer's ESOP on 03/08/2017. The filing lists multiple block sales by Perennial Spring Limited of 1,600 ADRs on trading dates from 12/02/2025 through 02/27/2026

Insights

Securities Counsel

Form 144 records a registered resale of ADRs tied to exercised ESOP options.

The filing shows a total of 88,800 ADRs to be sold and identifies the source as an exercise of share options under the issuer's ESOP dated 03/08/2017. That ties the proposed sales to compensatory option exercise proceeds rather than a primary capital raise.

The excerpt lists repeated block disposals by Perennial Spring Limited of 1,600 ADRs on many trading dates between 12/02/2025 and 02/27/2026

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
ADR	J.P. Morgan Securities LLC 270 Park Avenue 10th Floor New York NY 10017	88800	9630360	543584213	03/02/2026	NYSE

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

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
ADR	03/08/2017	Exercise of share options under Issuers ESOP	Issuer			88800	03/08/2017	Compensation for Service Rendered

* 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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	12/02/2025	1600	219084.95
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	12/03/2025	1600	217098.44
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	12/04/2025	1600	214659.03
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	12/05/2025	1600	217558.8
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	12/08/2025	1600	207139.06
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	12/09/2025	1600	205528.96
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	12/10/2025	1600	201064.94
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	12/11/2025	1600	202975.4
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	12/12/2025	1600	200373.5
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	12/15/2025	1600	197000.53
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	12/16/2025	1600	196185.17
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	12/17/2025	1600	192700.96
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	12/18/2025	1600	193148.81
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	12/19/2025	1600	195373.36
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	12/22/2025	1600	197323.2
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	12/23/2025	1600	199664.7
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	12/24/2025	1600	202314.23
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	12/26/2025	1600	204188.03
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	12/29/2025	1600	207852.88
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	12/30/2025	1600	207180
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	12/31/2025	1600	203866.69
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	01/02/2026	1600	209774.8
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	01/05/2026	1600	223607.42
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	01/06/2026	1600	233335.97
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	01/07/2026	1600	225060.48
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	01/08/2026	1600	214852.56
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	01/09/2026	1600	214415.76
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	01/12/2026	1600	210254.26
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	01/13/2026	1600	205230.69
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	01/14/2026	1600	200546.62
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	01/15/2026	1600	197449.94
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	01/16/2026	1600	194942.81
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	01/20/2026	1600	192905.25
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	01/21/2026	1600	193815.74
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	01/22/2026	1600	196873.74
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	01/23/2026	1600	200677.92
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	01/26/2026	1600	199655.83
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	01/27/2026	1600	201975.59
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	01/28/2026	1600	206310.84
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	01/29/2026	1600	196539.32
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	01/30/2026	1600	188820.37
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	02/02/2026	1600	182265.3
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	02/03/2026	1600	172181.81
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	02/04/2026	1600	167921.12
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	02/05/2026	1600	172956.56
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	02/06/2026	1600	173806.25
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	02/09/2026	1600	174054.97
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	02/10/2026	1600	181026.97
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	02/11/2026	1600	183496.61
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	02/12/2026	1600	174319.34
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	02/13/2026	1600	173213.83
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	02/17/2026	1600	173251.67
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	02/18/2026	1600	178933.91
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	02/19/2026	1600	184374.02
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	02/20/2026	1600	184072.77
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	02/23/2026	1600	180684.81
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	02/24/2026	1600	170828.56
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	02/25/2026	1600	166832.02
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	02/26/2026	1600	171805.33
Perennial Spring Limited Trident Chambers P.O. Box 146 Road Town Tortola D8 VG1110	ADR	02/27/2026	1600	174290.73

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does SE's Form 144 report?

It reports the proposed resale of 88,800 ADRs tied to options exercised under the issuer's ESOP on 03/08/2017. The notice lists scheduled block sales by a selling holder across multiple trading dates from 12/02/2025 to 02/27/2026

Who is the selling holder named in the filing for SE?

The filing identifies Perennial Spring Limited as a selling holder. The excerpt shows multiple entries of 1,600 ADRs sold by that entity on specific dates between 12/02/2025 and 02/27/2026

How many ADRs are registered for resale in SE's Form 144?

The document lists an aggregate of 88,800 ADRs as the amount to be sold. The filing links these ADRs to the exercise of share options under the company's ESOP dated 03/08/2017.

Are the proceeds from the sales described in the filing?

The excerpt states the ADRs originate from an ESOP exercise but does not itemize proceeds recipients beyond identifying the issuer/compensatory source. Cash‑flow treatment is not specified in the provided excerpt.

Which broker is listed for the proposed sales in SE's Form 144?

The filing names J.P. Morgan Securities LLC at 270 Park Avenue as the broker for the ADR transactions in the excerpt provided.