Sea Ltd (NYSE: SE) CPO-linked BVI entity sells 800 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sea Ltd CPO of Shopee, Chen Jingye, reported small pre-planned insider sales of Class A ordinary shares through a BVI entity. On April 2, 2026, the BVI entity sold a total of 800 shares in open-market trades at prices ranging from about $79.80 to $82.30 per share under a Rule 10b5-1 trading plan.
After these sales, the associated BVI entity held 231,200 Class A shares indirectly, while Chen Jingye also held 9,075,774 Class A shares directly. The transactions represent a routine, pre-arranged reduction that is small relative to the overall share position.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 800 shares ($65,040)
Net Sell
5 txns
Insider
Chen Jingye
Role
CPO, Shopee
Sold
800 shs ($65K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A ordinary shares | 111 | $79.80 | $9K |
| Sale | Class A ordinary shares | 93 | $80.68 | $8K |
| Sale | Class A ordinary shares | 590 | $81.67 | $48K |
| Sale | Class A ordinary shares | 6 | $82.30 | $493.80 |
| holding | Class A ordinary shares | -- | -- | -- |
Holdings After Transaction:
Class A ordinary shares — 231,889 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 $79.26 to $80.25. 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 $80.26 to $81.24. Represents the weighted average price of shares sold at prices that ranged from $81.26 to $82.12. Represents the weighted average price of shares sold at prices that ranged from $82.28 to $82.32.
Key Figures
Shares sold: 800 shares
Sale price (trade 1): $79.80/share
Sale price (trade 2): $80.68/share
+5 more
8 metrics
Shares sold
800 shares
Total Class A ordinary shares sold on April 2, 2026
Sale price (trade 1)
$79.80/share
Open-market sale of 111 shares
Sale price (trade 2)
$80.68/share
Open-market sale of 93 shares
Sale price (trade 3)
$81.67/share
Open-market sale of 590 shares
Sale price (trade 4)
$82.30/share
Open-market sale of 6 shares
Indirect holdings after trades
231,200 shares
Class A ordinary shares held by BVI entity after sales
Direct holdings
9,075,774 shares
Class A ordinary shares held directly by Chen Jingye
Sell transactions
4 sales
Open-market sales of non-derivative Class A shares
Key Terms
Rule 10b5-1 trading plan, Class A ordinary shares, weighted average price, open-market sale, +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 $79.26 to $80.25."
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.
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.
BVI entity financial
"a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the Reporting Person"
FAQ
What did Sea Ltd (SE) executive Chen Jingye report in this Form 4?
Chen Jingye, CPO of Shopee at Sea Ltd, reported small open-market sales totaling 800 Class A ordinary shares via a BVI entity. These trades were executed under a Rule 10b5-1 trading plan and left substantial direct and indirect holdings in place.
Were the Sea Ltd (SE) insider sales made under a Rule 10b5-1 plan?
Yes. The filing states the shares were sold pursuant to a Rule 10b5-1 trading plan adopted on August 28, 2025 by a BVI entity controlled by the reporting person. Such plans pre-schedule trades, making the timing more routine and less discretionary.
How significant are these Sea Ltd (SE) insider sales relative to holdings?
The 800 shares sold are small compared with the reported remaining positions of 231,200 shares indirectly and 9,075,774 shares directly. This scale suggests a routine, limited transaction rather than a major change in the insider’s overall economic exposure to Sea Ltd.