Sea Ltd (NYSE: SE) CPO-linked BVI entity sells 1,600 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sea Ltd chief product officer for Shopee, Chen Jingye, reported open-market sales of a total of 1,600 Class A ordinary shares by a BVI entity controlled by him on April 6–7, 2026. The shares were sold under a pre-arranged Rule 10b5-1 trading plan adopted on August 28, 2025, at prices between about $80.94 and $83.51 per share. Following these transactions, Chen holds 229,600 Class A shares indirectly through the BVI entity and 9,075,774 Class A shares directly.
Positive
- None.
Negative
- None.
Insights
Small, pre-planned insider sales with large remaining stake.
The filing shows a BVI entity controlled by Sea’s Shopee CPO sold 1,600 Class A ordinary shares in open-market trades over two days. All trades were executed under a Rule 10b5-1 plan adopted on August 28, 2025, indicating they were pre-scheduled rather than opportunistic.
After these sales, the insider still holds 229,600 shares indirectly through the BVI entity and 9,075,774 shares directly, so the transactions represent a very small fraction of his overall position. Given the scale and pre-planned nature, this looks like routine portfolio management rather than a thesis-changing signal.
Insider Trade Summary 10b5-1
Net Seller: 1,600 shares ($131,204)
Net Sell
5 txns
Insider
Chen Jingye
Role
CPO, Shopee
Sold
1,600 shs ($131K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A ordinary shares | 672 | $80.94 | $54K |
| Sale | Class A ordinary shares | 128 | $81.47 | $10K |
| Sale | Class A ordinary shares | 662 | $82.87 | $55K |
| Sale | Class A ordinary shares | 138 | $83.51 | $12K |
| holding | Class A ordinary shares | -- | -- | -- |
Holdings After Transaction:
Class A ordinary shares — 229,728 shares (Indirect, By BVI entity);
Class A ordinary shares — 9,075,774 shares (Direct)
Footnotes (1)
- The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the Reporting Person on August 28, 2025. Represents the weighted average price of shares sold at prices that ranged from $82.31 to $83.30. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4. Represents the weighted average price of shares sold at prices that ranged from $83.31 to $84.00. Represents the weighted average price of shares sold at prices that ranged from $80.32 to $81.30. Represents the weighted average price of shares sold at prices that ranged from $81.32 to $81.69.
Key Figures
Shares sold: 1,600 shares
Sale prices: $80.94–$83.51 per share
Indirect holdings after sale: 229,600 shares
+2 more
5 metrics
Shares sold
1,600 shares
Net Class A ordinary shares sold on April 6–7, 2026
Sale prices
$80.94–$83.51 per share
Open-market sale prices for Class A shares
Indirect holdings after sale
229,600 shares
Class A shares held indirectly through BVI entity after transactions
Direct holdings after sale
9,075,774 shares
Class A shares held directly as of April 6, 2026
Net buy/sell direction
Net sale of 1,600 shares
transactionSummary netBuySellShares and netBuySellDirection
Key Terms
Rule 10b5-1 trading plan, Class A ordinary shares, weighted average price, BVI entity, +1 more
5 terms
Rule 10b5-1 trading plan financial
"The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity..."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"Represents the weighted average price of shares sold at prices that ranged from $82.31 to $83.30."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
BVI entity financial
"adopted by a BVI entity controlled by the Reporting Person on August 28, 2025."
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transaction did Sea Ltd (SE) report for Chen Jingye?
Sea Ltd reported that a BVI entity controlled by Shopee CPO Chen Jingye sold 1,600 Class A ordinary shares in open-market trades. The sales occurred on April 6–7, 2026, at prices around the low-$80 range per share.
Who actually executed the Sea Ltd (SE) insider sales reported for Chen Jingye?
The sales were executed by a BVI entity described as controlled by the reporting person, Chen Jingye. The filing classifies these holdings as indirect ownership, distinguishing them from the 9,075,774 Class A shares he holds directly.