Sea Ltd’s Zhao Feng discloses sizable SE equity stake
Rhea-AI Filing Summary
Sea Ltd executive Zhao Feng filed an initial ownership report showing his equity stake in the company. He holds 1,688,262 Class A ordinary shares directly and 150,000 Class A shares indirectly through a BVI entity. He also holds share options over 300,000 Class A shares at an exercise price of $15.00 per share, granted on January 31, 2019 and now fully exercisable, expiring on January 31, 2029. In addition, he holds options over 3,000,000 Class A shares at an exercise price of $120.00 per share, granted on April 17, 2022 and becoming fully exercisable on April 30, 2027, expiring on April 17, 2032.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Zhao Feng
Role
President of Garena
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Share options (right to buy) | -- | -- | -- |
| holding | Share options (right to buy) | -- | -- | -- |
| holding | Class A ordinary shares | -- | -- | -- |
| holding | Class A ordinary shares | -- | -- | -- |
Holdings After Transaction:
Share options (right to buy) — 3,300,000 shares (Direct);
Class A ordinary shares — 1,688,262 shares (Direct);
Class A ordinary shares — 150,000 shares (Indirect, By BVI entity)
Footnotes (2)
- F1. The share options were granted on January 31, 2019 and are fully exercisable.
- F2. The share options were granted on April 17, 2022 and will be fully exercisable on April 30, 2027.
FAQ
What does Zhao Feng’s Form 3 filing show about his holdings in Sea Ltd (SE)?
The Form 3 shows Zhao Feng’s existing equity stake in Sea Ltd. He holds 1,688,262 Class A shares directly, 150,000 Class A shares indirectly via a BVI entity, and significant share options over additional Class A shares at fixed exercise prices.
When do Zhao Feng’s Sea Ltd (SE) options become fully exercisable and when do they expire?
Options over 300,000 Class A shares at $15.00 are already fully exercisable and expire on January 31, 2029. Options over 3,000,000 Class A shares at $120.00 become fully exercisable on April 30, 2027 and expire on April 17, 2032.
How is Zhao Feng’s indirect ownership in Sea Ltd (SE) structured?
The filing reports 150,000 Class A ordinary shares held indirectly by Zhao Feng "By BVI entity." This indicates these shares are owned through a British Virgin Islands entity associated with him, rather than in his own name directly.
AI-generated analysis. How Rhea-AI works. Not financial advice.
