Sea Limited's SEC filings document the reporting record of a foreign private issuer whose American depositary shares each represent one Class A ordinary share. Recent Form 6-K submissions furnish press releases and other materials covering quarterly and annual financial results, segment disclosures for Garena, Shopee and Monee, and operating commentary on e-commerce, digital entertainment and digital financial services.
The filings also record capital and governance matters, including ADS repurchase authorization disclosures and annual general meeting notices. These documents frame Sea's public reporting around revenue and profitability measures, marketplace and value-added services activity, consumer and SME credit exposure, shareholder meeting procedures, and the company's ADR-based capital structure.
Form 144 notice for Sea Ltd (SE) reports a proposed sale of 150,000 ADS through J.P. Morgan Securities with an aggregate market value of $29,407,500, scheduled approximately for 09/15/2025 on the NYSE. The ADS were acquired on 03/27/2025 by exercise of share options under the issuer's ESOP and were paid as compensation for services. The filing also lists numerous ADS sales by Sea of Stars Ltd between 06/27/2025 and 09/12/2025, showing ongoing disposition activity. Total shares outstanding are reported as 543,584,213, placing the proposed sale at a small fraction of outstanding ADS.
Form 144 notice for Sea Ltd (SE) reports a proposed sale of 150,000 ADS through J.P. Morgan Securities with an aggregate market value of $29,407,500, scheduled approximately for 09/15/2025 on the NYSE. The ADS were acquired on 03/27/2025 by exercise of share options under the issuer's ESOP and were paid as compensation for services. The filing also lists numerous ADS sales by Sea of Stars Ltd between 06/27/2025 and 09/12/2025, showing ongoing disposition activity. Total shares outstanding are reported as 543,584,213, placing the proposed sale at a small fraction of outstanding ADS.
Form 144 filed for Sea Limited (SE) ADS shows a proposed sale of 1,920,000 ADS through J.P. Morgan Securities with an aggregate market value of $369,926,400 and an approximate sale date of 09/10/2025 on the NYSE. The filing reports these ADS were acquired on 07/16/2021 by exercise of share options under the issuer's ESOP and were paid as compensation for services.
The filing also discloses numerous prior ADS dispositions by Alpha Ally Holdings Limited during June–August 2025 in blocks of 10,000 ADS on many trade dates, with individual gross proceeds shown for each trade.
Sea Limited (SE) notice proposes the sale of 85,500 American Depositary Shares (ADS) through J.P. Morgan Securities. The filing identifies an approximate sale date of 09/10/2025 and reports an aggregate market value for the planned sale of $16,473,285 against 543,584,213 ADS outstanding, showing the offering represents a small fraction of total shares.
The securities were acquired on 08/08/2024 by exercise of share options under the issuer's employee stock option plan and the stated nature of payment is compensation for services. The filing also lists numerous ADS dispositions by Devon Court Limited on many dates between June and September 2025, indicating ongoing secondary-market sales by an affiliated holder.
Form 144 filed for Sea Limited (symbol SE) reports a proposed sale of 300,000 ADRs through J.P. Morgan Securities LLC. The filing lists an aggregate market value of $55,962,000 for the 300,000 ADRs and reports the issuer's total ADRs outstanding as 543,584,213. The securities were acquired on 03/08/2017 by exercise of share options under the issuer's ESOP and were paid as compensation for service rendered. The filing names the approximate planned sale date as 09/02/2025 on the NYSE. The form also discloses multiple smaller ADR sales by Perennial Spring Limited during the past three months, mostly in 2,000-ADR lots on various dates between 06/03/2025 and 07/30/2025, with individual gross proceeds shown for each sale.
Form 144 filed for SE (Sea Limited) reports a proposed sale of 101,229 American Depositary Shares (ADS) through UBS Financial Services on the NYSE, with an aggregate market value of $18,573,496.90 and approximately 543,584,213 ADS outstanding at the time of the notice. The shares were acquired by the seller as vested restricted stock units on 04/30/2025 and are described as compensation for services. The filing also discloses prior sales by the same account during June and August 2025, totaling 202,419 ADS sold across multiple transactions. The filer represents no undisclosed material adverse information.
Form 144 filed for Sea Limited (SE) discloses a proposed sale of 101,003 American Depositary Shares (ADS) through UBS Financial Services on the NYSE, with an aggregate market value reported as $17,675,525 and an approximate sale date of 08/14/2025. The filing shows two recent acquisitions by vesting of restricted stock units (1,003 ADS on 07/18/2025 and 100,000 ADS on 07/31/2025) described as compensation for services. It also lists seven ADS sales by NordicSun Limited in June 2025 totaling 94,416 ADS for gross proceeds ranging from roughly $1.77 million to $2.56 million per trade. The filer certifies no undisclosed material adverse information.
Form 144 Overview – On 06/27/2025 Sea of Stars Limited, an affiliate of Sea Limited (NYSE: SE), filed a Form 144 indicating its intent to sell 200,000 American Depositary Receipts (ADRs) of Sea Limited through J.P. Morgan Securities LLC.
Key transactional details
- Security class: ADR
- Proposed sale date: 06/27/2025
- Broker: J.P. Morgan Securities LLC, 390 Madison Ave., New York, NY 10017
- Shares to be sold: 200,000 ADRs
- Aggregate market value: US $31.44 million
- Outstanding shares: 543,584,213 ADRs
- Percentage of O/S: ~0.04%
- Acquisition method: Exercise of share options under Sea Limited’s employee share-option plan (ESOP) on 03/27/2025
- Rule 10b5-1 plan adoption date: 03/29/2025
The filing confirms that the seller does not possess undisclosed material adverse information about Sea Limited at the time of filing, as required by the SEC’s representations section.
Materiality Assessment – While the US$31.44 million transaction is sizeable in absolute terms, the stake represents a small fraction of total shares outstanding and does not create dilution because the shares are already issued. Nevertheless, affiliate sales often draw investor attention given potential signalling effects regarding insider sentiment.
Sea (NYSE: SE) filed a Form 144 notifying the SEC that affiliate Coast Bridge Investments Ltd plans to sell up to 1,666,685 American Depositary Shares (ADS), representing roughly 0.3 % of the 546.5 million ADS outstanding. The proposed transaction, to be executed through Goldman Sachs & Co. LLC, carries an estimated market value of $264.2 million and is slated for on-or-about 26 June 2025.
The filing also discloses a pattern of recent disposals by the same affiliate: multiple trades over the last three months, including a single-day sale of 185,190 ADS for $28.5 million on 13 May 2025, alongside dozens of smaller transactions. No operating results, risk factors or strategic updates accompany the notice.
While a Form 144 does not obligate execution, it signals intent and may foreshadow increased share float and potential near-term selling pressure for SE shares.