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Sea Ltd holder plans $10.4M ADS resale under Rule 144

Sea Ltd (SE) has a notice from Devon Court Limited covering a proposed resale of 96,000 American Depositary Shares (ADS) under Rule 144 through J.P.

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

Rhea-AI Filing Summary

Sea Ltd (SE) has a notice from Devon Court Limited covering a proposed resale of 96,000 American Depositary Shares (ADS) under Rule 144 through J.P. Morgan Securities LLC. The ADS have an aggregate market value of $10,433,280, with 565,506,375 ADS outstanding as of the notice date.

The ADS to be sold were acquired from Sea Ltd via vesting of restricted share units on several dates in 2025, including 48,873 ADS vested on July 31, 2025 and 42,447 ADS vested on October 31, 2025. Devon Court Limited also reports multiple ADS sales in the past three months.

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ADS to be sold 96,000 ADS Proposed resale by Devon Court Limited under Rule 144
Aggregate market value of ADS $10,433,280 Value of 96,000 Sea Ltd ADS covered by the notice
ADS outstanding 565,506,375 ADS Sea Ltd ADS outstanding as referenced with the Rule 144 sale
RSU vesting on January 31, 2025 2,550 ADS Part of the ADS position to be resold, acquired via RSU vesting
RSU vesting on July 18, 2025 1,003 ADS Part of the ADS position to be resold, acquired via RSU vesting
RSU vesting on July 31, 2025 (two awards) 1,127 ADS and 48,873 ADS Two RSU vestings contributing to the ADS to be resold
RSU vesting on October 31, 2025 42,447 ADS RSU vesting contributing to the ADS to be resold
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.
American Depositary Shares financial
"144: Securities Information ADS | J.P. Morgan Securities LLC"
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.
restricted share units financial
"Vesting of restricted share units | Issuer"
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.
attorney-in-fact regulatory
"J.P. Morgan Securities LLC as agent and attorney-in-fact for Devon Court Limited"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

FAQ

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

What is Sea Ltd (SE) registering in this Form 144 notice?
The notice covers a proposed resale by Devon Court Limited of 96,000 American Depositary Shares (ADS) of Sea Ltd under Rule 144, to be sold through J.P. Morgan Securities LLC on or after September 15, 2026.

What is the market value of the Sea Ltd (SE) ADS covered by the notice?
The 96,000 ADS of Sea Ltd covered by the notice have an aggregate market value of $10,433,280, based on the market price referenced in the Rule 144 disclosure.

How many Sea Ltd (SE) ADS are outstanding according to the notice?
The notice states that there are 565,506,375 ADS of Sea Ltd outstanding as of the date referenced alongside the proposed Rule 144 sale information.

How did Devon Court Limited acquire the Sea Ltd (SE) ADS to be sold?
The 96,000 ADS were acquired from Sea Ltd through vesting of restricted share units, including 2,550 ADS on January 31, 2025, 1,003 ADS on July 18, 2025, 1,127 ADS and 48,873 ADS on July 31, 2025, and 42,447 ADS on October 31, 2025.

Has Devon Court Limited recently sold Sea Ltd (SE) ADS?
Yes. The notice lists multiple sales of Sea Ltd ADS by Devon Court Limited over the past three months, with individual daily transactions ranging from 1,000 to 1,500 ADS and corresponding dollar amounts for each trading day.

Who is the broker handling the planned Sea Ltd (SE) ADS sale?
The proposed Rule 144 sale of 96,000 Sea Ltd ADS is to be executed through J.P. Morgan Securities LLC, identified as the broker-dealer handling the 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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