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Taixue Group reports multi‑million ADS sales (NYSE: SE) in Form 144

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

Rhea-AI Filing Summary

Sea Limited-related ADS holder reported proposed disposals of American Depositary Shares. The filing lists sales by Taixue Group Ltd of 150,138 ADS on 03/16/2026 for $13,137,600.48 and 123,810 ADS on 03/17/2026 for $10,782,687.18. The record also references prior reported transactions including a 726,052 ADS entry dated 02/22/2021 (merger/acquisition) and an open-market sale of 60,000 ADS dated 12/29/2022.

Positive

  • None.

Negative

  • None.

Insights

Form 144 documents proposed sales of ADS by a holder, showing transaction dates and gross proceeds.

What it is: The entry lists holder names and discrete ADS sale records with dates and dollar amounts, which are the core disclosures required by the statute for anticipated sales by affiliates.

Dependencies & risks: The filing shows gross proceeds amounts; whether sales closed or were executed under brokerage plans is not stated. Subsequent confirmation of execution appears in trade records or later SEC filings.

Two large block dispositions are reported across consecutive days, representing multimillion-dollar transactions.

What this implies: The listed ADS totals—150,138 and 123,810—represent sizable single-holder trades with reported gross proceeds of $13,137,600.48 and $10,782,687.18 respectively.

Practical note: The filing itself is a notification of proposed sales under applicable rules; the market impact and final execution details are determined by actual trade reports and settlement records.

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

FAQ

What does the Form 144 for SE disclose?

It discloses proposed sales of ADS by holders. The filing lists sales of 150,138 ADS on 03/16/2026 for $13,137,600.48 and 123,810 ADS on 03/17/2026 for $10,782,687.18, plus earlier entries from 2021 and 2022.

Who are the selling holders named in the filing for SE?

Taixue Group Ltd is named as a seller. The excerpt shows Taixue Group Ltd with ADS sale records on 03/16/2026 and 03/17/2026 with the dollar amounts listed beside each entry.

Do the amounts in the Form 144 indicate net or gross proceeds?

The filing shows gross dollar amounts next to each sale entry. For example, $13,137,600.48 is shown for the 150,138 ADS entry; the document does not itemize fees or net proceeds.

Are these sales already executed or only proposed?

Form 144 is a notice of proposed sale by affiliates. The excerpt lists dates and amounts but does not itself confirm settlement; execution confirmation appears in market transaction reports or later SEC disclosures.

How do prior entries in 2021 and 2022 relate to this filing?

The excerpt lists historical sale methods and dates. It includes a 02/22/2021 merger/acquisition entry for 726,052 ADS and an open-market sale of 60,000 ADS on 12/29/2022, shown as prior transactions in the record.
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