Sea Ltd (NYSE: SE) exec’s BVI entity sells 1,600 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sea Ltd executive Chen Jingye, through a BVI entity he controls, reported selling 1,600 Class A ordinary shares of Sea Ltd in multiple open‑market transactions on May 14–15, 2026. The sales were executed under a pre‑arranged Rule 10b5‑1 trading plan, with reported prices including $92.69, $90.00 and $88.25 per share.
After these trades, the BVI entity’s indirect holding stood at 207,200 Class A shares, while a separate entry shows 9,075,774 Class A shares held directly as of May 14, 2026, indicating the transactions involve a small portion of the overall stake.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,600 shares ($142,173)
Net Sell
10 txns
Insider
Chen Jingye
Role
CPO, Shopee
Sold
1,600 shs ($142K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A ordinary shares | 593 | $88.25 | $52K |
| Sale | Class A ordinary shares | 174 | $89.43 | $16K |
| Sale | Class A ordinary shares | 33 | $90.00 | $3K |
| Sale | Class A ordinary shares | 285 | $88.06 | $25K |
| Sale | Class A ordinary shares | 213 | $89.04 | $19K |
| Sale | Class A ordinary shares | 253 | $89.99 | $23K |
| Sale | Class A ordinary shares | 26 | $90.60 | $2K |
| Sale | Class A ordinary shares | 21 | $92.35 | $2K |
| Sale | Class A ordinary shares | 2 | $92.69 | $185.38 |
| holding | Class A ordinary shares | -- | -- | -- |
Holdings After Transaction:
Class A ordinary shares — 207,407 shares (Indirect, By BVI entity);
Class A ordinary shares — 9,075,774 shares (Direct, null)
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 $87.52 to $88.51. 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 $88.52 to $89.51. Represents the weighted average price of shares sold at prices that ranged from $89.53 to $90.52. Represents the weighted average price of shares sold at prices that ranged from $90.56 to $90.64. Represents the weighted average price of shares sold at prices that ranged from $87.92 to $88.91. Represents the weighted average price of shares sold at prices that ranged from $88.93 to $89.89. Represents the weighted average price of shares sold at prices that ranged from $89.92 to $90.10.
Key Figures
Shares sold: 1,600 shares
Indirect holdings after trades: 207,200 shares
Direct holdings entry: 9,075,774 shares
+3 more
6 metrics
Shares sold
1,600 shares
Total Class A ordinary shares sold in open-market transactions on May 14–15, 2026
Indirect holdings after trades
207,200 shares
Class A ordinary shares held indirectly by BVI entity after May 15, 2026 transactions
Direct holdings entry
9,075,774 shares
Class A ordinary shares held directly as of May 14, 2026 holding entry
Sale price example
$92.69/share
Price for 2 shares sold on May 14, 2026
Sale price example
$90.00/share
Price for 33 shares sold on May 15, 2026
Sale price example
$88.25/share
Price for 593 shares sold on May 15, 2026
Key Terms
Rule 10b5-1 trading plan, Class A ordinary shares, weighted average price, BVI entity
4 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..."
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
"The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity..."
FAQ
What insider transaction did Sea Ltd (SE) report for Chen Jingye?
Sea Ltd reported that a BVI entity controlled by executive Chen Jingye sold 1,600 Class A ordinary shares. The transactions occurred over May 14–15, 2026 as multiple open‑market sales reported on a Form 4 filing.
What are Chen Jingye’s direct Sea Ltd (SE) holdings in this filing?
A separate holding entry in the Form 4 lists 9,075,774 Class A ordinary shares held directly by Chen Jingye as of May 14, 2026. This direct position is distinct from the indirect shares held through the BVI entity.
Was the Sea Ltd (SE) insider sale made under a Rule 10b5-1 plan?
Yes. A footnote states the shares were sold under a Rule 10b5‑1 trading plan adopted by the BVI entity controlled by Chen Jingye on August 28, 2025. Such plans pre‑schedule trades, making transaction timing more routine.
How many Sea Ltd (SE) insider sales were reported in this Form 4?
The transaction summary shows nine sale transactions totaling 1,600 shares of Sea Ltd Class A ordinary shares. All are coded as open‑market or private sale transactions, with no reported purchases or option exercises in this filing.