Sea CPO Chen Jingye sells 60K shares under plan
Sea Ltd’s Shopee CPO disclosed 60,000 pre-planned indirect share sales at around $108–$111 while retaining a direct holding of nearly 9 million Class A shares.
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Form Type
4
Rhea-AI Filing Summary
Sea Ltd (SE) reported that Chen Jingye, Chief Product Officer of Shopee, indirectly sold a total of 60,000 Class A ordinary shares on September 9–10, 2026 through a BVI entity controlled by him, pursuant to a Rule 10b5-1 trading plan adopted on June 10, 2026. Sale prices were reported as weighted average prices around $108–$111 per share over specified price ranges. After these transactions, Chen Jingye held 8,976,574 Class A ordinary shares directly.
Insider Trade Summary 10b5-1
Net Seller: 60,000 shares
Net Sell
6 txns
Insider
Chen Jingye
Role
CPO, Shopee
Sold
60,000 shs ($6.51M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A ordinary shares F1, F6 | 22,394 | $107.90 | $2.42M |
| Sale | Class A ordinary shares F1, F7 | 7,606 | $108.50 | $825K |
| Sale | Class A ordinary shares F1, F2 | 18,299 | $108.41 | $1.98M |
| Sale | Class A ordinary shares F1, F3 | 9,001 | $109.23 | $983K |
| Sale | Class A ordinary shares F1, F4 | 2,000 | $110.59 | $221K |
| Sale | Class A ordinary shares F1, F5 | 700 | $111.42 | $78K |
| Holding | Class A ordinary shares | -- | -- | -- |
Holdings After Transaction:
Class A ordinary shares — 240,000 shares (Indirect, By BVI entity);
Class A ordinary shares — 8,976,574 shares (Direct)
Footnotes (7)
- F1. The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the Reporting Person on June 10, 2026.
- F2. Represents the weighted average price of shares sold at prices that ranged from $107.86 to $108.85. 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 $108.87 to $109.70.
- F4. Represents the weighted average price of shares sold at prices that ranged from $110.11 to $110.78.
- F5. Represents the weighted average price of shares sold at prices that ranged from $110.99 to $111.83.
- F6. Represents the weighted average price of shares sold at prices that ranged from $107.31 to $108.30.
- F7. Represents the weighted average price of shares sold at prices that ranged from $108.31 to $108.75.
Key Figures
Total shares sold: 60,000 shares
Representative weighted average sale price: $108.41 per share
Highest reported price range upper bound: $111.83 per share
+2 more
5 metrics
Total shares sold
60,000 shares
Indirect sales of Class A ordinary shares on September 9–10, 2026
Representative weighted average sale price
$108.41 per share
Weighted average price for a sale block with prices ranging from $107.86 to $108.85
Highest reported price range upper bound
$111.83 per share
Upper end of the price range for one sale block on September 9, 2026
Shares held directly after transactions
8,976,574 shares
Direct Class A ordinary share holdings reported as of September 9, 2026
Rule 10b5-1 plan adoption date
June 10, 2026
Date a BVI entity controlled by Chen Jingye adopted the trading plan used for these sales
Key Terms
Rule 10b5-1 trading plan, weighted average price, Class A ordinary shares
3 terms
Rule 10b5-1 trading plan regulatory
"The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity controlled by the Reporting Person on June 10, 2026."
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 $107.86 to $108.85."
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Sea Ltd (SE) report for Chen Jingye?
Sea Ltd reported that Chen Jingye, Shopee’s CPO, indirectly sold 60,000 Class A ordinary shares on September 9–10, 2026 through a BVI entity he controls, under a Rule 10b5-1 trading plan adopted on June 10, 2026.
Were the Sea Ltd (SE) insider sales by Chen Jingye direct or indirect holdings?
All 60,000 shares sold were reported as indirectly owned, held “By BVI entity” controlled by Chen Jingye. A separate line reports his 8,976,574 Class A ordinary shares as directly owned after the September 9, 2026 transactions.
Over how many days did Chen Jingye’s reported Sea Ltd (SE) sales occur?
The reported insider sales occurred over two days: September 9, 2026 and September 10, 2026, with multiple sale blocks each day at different weighted average prices within specified trading ranges.
AI-generated analysis. How Rhea-AI works. Not financial advice.
