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Sea affiliate plans sale of 1.28M ADS

Sea Ltd (SE) has a notice of proposed sale under Rule 144 filed on behalf of Alpha Ally Holdings Limited, covering the potential sale of 1,280,000 American Depositary Shares (ADS) through J.P.

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

Rhea-AI Filing Summary

Sea Ltd (SE) has a notice of proposed sale under Rule 144 filed on behalf of Alpha Ally Holdings Limited, covering the potential sale of 1,280,000 American Depositary Shares (ADS) through J.P. Morgan Securities LLC on the NYSE. The ADS position being sold was originally acquired through issuer share issuances, option exercises under Sea’s ESOP, and vesting of restricted share units, as well as earlier cash-funded share issuances.

Positive

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Negative

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ADS to be sold 1,280,000 ADS Number of Sea Ltd ADS covered by the Rule 144 notice
Aggregate market value of ADS 137,843,200 Aggregate market value for the 1,280,000 ADS listed in the securities information
Shares outstanding 565,506,375 shares Sea Ltd shares outstanding referenced in the securities information section
Earliest acquisition date listed September 9, 2009 Issuance of shares by the issuer for cash contributing to the ADS position
Option exercise ADS 464,403 ADS ADS acquired on December 26, 2024 via exercise of share options under the issuer’s ESOP
RSU vesting ADS (January 31, 2025) 83,333 ADS ADS from vesting of restricted share units on January 31, 2025
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
affiliate regulatory
"Affiliate 144: Securities Information"
American Depositary Shares financial
"ADS | J.P. Morgan Securities LLC 270 Park Avenue"
American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.
Exercise of share options financial
"Exercise of share options under Issuer’s ESOP"
restricted share units financial
"Vesting of restricted share units"
Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.
ESOP financial
"Exercise of share options under Issuer’s ESOP"
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing mean for Sea Ltd (SE)?
The filing reports that Alpha Ally Holdings Limited, an affiliate, may sell 1,280,000 ADS of Sea Ltd under Rule 144. It is a notice of potential resale by an existing holder and does not involve Sea Ltd issuing new securities or receiving sale proceeds.

How many Sea Ltd (SE) ADS are covered by this Rule 144 notice?
The notice covers a proposed sale of 1,280,000 ADS of Sea Ltd. The filing lists an aggregate market value of 137,843,200 for these ADS in the securities information section.

Who is selling the Sea Ltd (SE) ADS under this Form 144?
The seller is Alpha Ally Holdings Limited, identified as an affiliate. J.P. Morgan Securities LLC is named as the broker handling the potential sale of the ADS on the NYSE.

What is the size of Sea Ltd (SE) relative to the shares in this filing?
The securities information section states that 565,506,375 shares of Sea Ltd were outstanding. The Rule 144 notice covers a proposed sale of 1,280,000 ADS against this outstanding share count.

What are the sources of the Sea Ltd (SE) ADS being sold?
The ADS were acquired through several events, including exercise of share options under the issuer’s ESOP, vesting of restricted share units on multiple dates in 2024–2025, and an earlier issuance of shares by the issuer for cash on September 9, 2009.

What recent sales of Sea Ltd (SE) ADS has Alpha Ally Holdings Limited reported?
The past three months section lists multiple ADS sales by Alpha Ally Holdings Limited between June 12, 2026 and September 10, 2026, with individual transactions ranging from 10,000 to 30,000 ADS and reported total proceeds figures for each transaction.

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

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