Form 4: Sea Ltd COO Sells Shares Via 10b5-1 Plan

Sea Ltd COO Gang Ye has sold a significant number of Class A ordinary shares through a pre-arranged trading plan, with transactions occurring on May 20, 2026.

Summary

• Gang Ye, COO of Sea Ltd, reported the sale of Class A ordinary shares on May 20, 2026.
• The sales were conducted under a Rule 10b5-1 trading plan established on September 4, 2025, by a BVI entity controlled by Mr. Ye.
• A total of 1,881 shares were sold at a weighted average price of $85.39, ranging from $84.84 to $85.82.
• An additional 7,126 shares were sold at a weighted average price of $86.52, with prices ranging from $85.85 to $86.83.
• Furthermore, 993 shares were sold at a weighted average price of $86.94, with prices ranging from $86.84 to $87.11.
• Following these transactions, Mr. Ye beneficially owns 22,206,405 Class A ordinary shares directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the sales were conducted under a pre-established 10b5-1 plan, indicating a planned divestment rather than a reaction to negative company performance.

Negatives

• COO Gang Ye sold a total of 10,000 Class A ordinary shares through a Rule 10b5-1 plan.
• The sales occurred at prices between $84.84 and $87.11 per share.

Future Outlook

The filing does not contain forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that insider selling, particularly through pre-arranged 10b5-1 plans, is a common practice for executives to diversify holdings or manage personal finances. The volume and timing of such sales can sometimes be interpreted by the market as a signal, though the existence of a 10b5-1 plan is designed to mitigate concerns about trading on material non-public information.

Stakeholder Impact

• Shareholders may view the COO's sale of shares with caution, although the use of a 10b5-1 plan mitigates concerns about insider trading.
• The market may interpret the sale as a sign of reduced confidence, or simply as a personal financial management decision by the executive.

Key Dates

Keywords

Sea Ltd, SE, Form 4, Insider Trading, Rule 10b5-1, Share Sale, Class A ordinary shares, Gang Ye, COO