COO of Sea (NYSE: SE) trims stake with 40,000-share 10b5-1 sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sea Ltd COO Ye Gang reported open-market sales totaling 40,000 Class A ordinary shares of Sea Ltd over July 1–2, 2026. The shares were sold indirectly through a BVI entity controlled by him under a Rule 10b5-1 trading plan adopted on September 4, 2025.
Sale prices ranged from the high-$90s to mid-$100s, with individual transactions reported between $96.77 and $105.16 per share using weighted average pricing. After these trades, Ye Gang holds 21,636,405 Class A shares directly and 520,000 shares indirectly, indicating that only a small portion of his overall stake was sold.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 40,000 shares ($4,098,199)
Net Sell
12 txns
Insider
Ye Gang
Role
COO
Sold
40,000 shs ($4.10M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A ordinary shares | 10,000 | $103.31 | $1.03M |
| Sale | Class A ordinary shares | 4,800 | $104.26 | $500K |
| Sale | Class A ordinary shares | 5,200 | $105.16 | $547K |
| Sale | Class A ordinary shares | 600 | $96.77 | $58K |
| Sale | Class A ordinary shares | 200 | $97.88 | $20K |
| Sale | Class A ordinary shares | 300 | $98.71 | $30K |
| Sale | Class A ordinary shares | 5,436 | $99.99 | $544K |
| Sale | Class A ordinary shares | 5,564 | $100.39 | $559K |
| Sale | Class A ordinary shares | 3,100 | $101.80 | $316K |
| Sale | Class A ordinary shares | 4,400 | $102.63 | $452K |
| Sale | Class A ordinary shares | 400 | $103.25 | $41K |
| holding | Class A ordinary shares | -- | -- | -- |
Holdings After Transaction:
Class A ordinary shares — 530,000 shares (Indirect, By BVI entity);
Class A ordinary shares — 21,636,405 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 September 4, 2025. Represents the weighted average price of shares sold at prices that ranged from $96.19 to $97.16. 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 $97.81 to $97.94. Represents the weighted average price of shares sold at prices that ranged from $98.21 to $99.18. Represents the weighted average price of shares sold at prices that ranged from $99.22 to $100.18. Represents the weighted average price of shares sold at prices that ranged from $100.20 to $101.18. Represents the weighted average price of shares sold at prices that ranged from $101.20 to $102.18. Represents the weighted average price of shares sold at prices that ranged from $102.21 to $103.15. Represents the weighted average price of shares sold at prices that ranged from $103.23 to $103.25. Represents the weighted average price of shares sold at prices that ranged from $102.76 to $103.70. Represents the weighted average price of shares sold at prices that ranged from $103.79 to $104.72. Represents the weighted average price of shares sold at prices that ranged from $104.77 to $105.70.
Key Figures
Shares sold: 40,000 shares
Highest reported sale price: $105.16 per share
Lowest price range bound: $96.19 per share
+3 more
6 metrics
Shares sold
40,000 shares
Total Class A ordinary shares sold on July 1–2, 2026
Highest reported sale price
$105.16 per share
Open-market sale price for Class A ordinary shares on July 2, 2026
Lowest price range bound
$96.19 per share
Lower end of weighted average price range noted in footnotes
Highest price range bound
$105.70 per share
Upper end of weighted average price range noted in footnotes
Direct holdings after transactions
21,636,405 shares
Class A ordinary shares held directly as of July 1, 2026
Indirect holdings after transactions
520,000 shares
Class A ordinary shares held indirectly through BVI entity after July 2, 2026 sales
Key Terms
Rule 10b5-1 trading plan, weighted average price, Class A ordinary shares, open-market sale, +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 $96.19 to $97.16."
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
"The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by a BVI entity..."
FAQ
What did Sea Ltd (SE) COO Ye Gang report in this Form 4?
He reported selling 40,000 Class A ordinary shares of Sea Ltd in open-market transactions on July 1–2, 2026. The trades were executed indirectly through a BVI entity he controls under a Rule 10b5-1 trading plan.
Were the recent Sea Ltd (SE) insider transactions direct or indirect holdings?
All reported sales involved indirectly held Class A ordinary shares, described as held "By BVI entity." The filing also shows a separate direct holding line of 21,636,405 shares, which was not the subject of these sale transactions.
How many Sea Ltd (SE) insider sale transactions did the Form 4 disclose?
The summary shows 11 sale transactions of Class A ordinary shares, totaling 40,000 shares sold, plus one holding entry showing overall direct ownership. Each sale line provides a share amount, weighted average price, and resulting indirect share balance.