Sea COO-linked entity sells 20,000 SE shares
Sea Ltd director and COO Ye Gang, through a BVI entity he controls, reported open-market sales of a combined 20,000 Class A ordinary shares on April 16–17, 2026.
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Form Type
4
Rhea-AI Filing Summary
Sea Ltd director and COO Ye Gang, through a BVI entity he controls, reported open-market sales of a combined 20,000 Class A ordinary shares on April 16–17, 2026. The trades were executed under a pre-arranged Rule 10b5-1 trading plan.
The filing describes seven sale transactions at weighted average prices within ranges from $89.95 to $93.27 per share. It also reports 22,396,405 Class A ordinary shares held directly as of April 16, 2026, with additional indirect holdings through the BVI entity.
Insider Trade Summary 10b5-1
Net Seller: 20,000 shares
Net Sell
8 txns
Insider
Ye Gang
Role
COO
Sold
20,000 shs ($1.83M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A ordinary shares | 400 | $90.66 | $36K |
| Sale | Class A ordinary shares | 3,902 | $91.74 | $358K |
| Sale | Class A ordinary shares | 5,298 | $92.48 | $490K |
| Sale | Class A ordinary shares | 400 | $93.17 | $37K |
| Sale | Class A ordinary shares | 7,800 | $90.48 | $706K |
| Sale | Class A ordinary shares | 1,700 | $91.45 | $155K |
| Sale | Class A ordinary shares | 500 | $92.48 | $46K |
| holding | Class A ordinary shares | -- | -- | -- |
Holdings After Transaction:
Class A ordinary shares — 300,000 shares (Indirect, By BVI entity);
Class A ordinary shares — 22,396,405 shares (Direct)
Footnotes (8)
- F1. The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the Reporting Person on September 4, 2025.
- F2. Represents the weighted average price of shares sold at prices that ranged from $89.95 to $90.94. 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.
- F3. Represents the weighted average price of shares sold at prices that ranged from $91.04 to $91.88.
- F4. Represents the weighted average price of shares sold at prices that ranged from $91.96 to $92.76.
- F5. Represents the weighted average price of shares sold at prices that ranged from $90.12 to $91.03.
- F6. Represents the weighted average price of shares sold at prices that ranged from $91.13 to $92.11.
- F7. Represents the weighted average price of shares sold at prices that ranged from $92.12 to $93.09.
- F8. Represents the weighted average price of shares sold at prices that ranged from $93.12 to $93.27.
Key Figures
Shares sold: 20,000 shares
Sale price range: $89.95–$93.27 per share
Direct holdings: 22,396,405 shares
+3 more
6 metrics
Shares sold
20,000 shares
Net Class A ordinary shares sold in April 16–17, 2026 trades
Sale price range
$89.95–$93.27 per share
Weighted average price ranges from Form 4 footnotes
Direct holdings
22,396,405 shares
Class A ordinary shares held directly as of April 16, 2026
Sale transactions
7 transactions
Non-derivative open-market sales reported in transaction summary
Net buy/sell direction
-20,000 shares (net-sell)
Net activity across reported transactions in Form 4 summary
10b5-1 plan adoption date
September 4, 2025
Date BVI entity’s Rule 10b5-1 trading plan was adopted
Key Terms
Rule 10b5-1 trading plan, weighted average price, Class A ordinary shares, indirect ownership, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"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 $89.95 to $90.94."
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.
indirect ownership financial
"direct_or_indirect: I, nature_of_ownership: By BVI entity"
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Were the recent Sea Ltd (SE) insider sales by Ye Gang pre-planned?
Yes. The filing states the shares were sold under a Rule 10b5-1 trading plan adopted by a BVI entity controlled by Ye Gang on September 4, 2025. Such plans pre-schedule trades, making their timing more routine.
How are Ye Gang’s indirect Sea Ltd (SE) holdings structured in the Form 4?
The sales involve indirectly held Class A ordinary shares, with ownership noted as “By BVI entity”. The BVI entity is described as being controlled by the reporting person, and it executed the pre-planned Rule 10b5-1 sales.
What does the Sea Ltd (SE) transaction summary indicate about net insider activity?
The transaction summary shows seven sale transactions, no purchases, and net-sell shares of 20,000. There were no exercises, gifts, or tax-withholding events reported, and derivative positions are not listed in this filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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