Sea Limited (NYSE:SE) COO Gang Ye sold 40,000 Class A ordinary shares in a series of transactions valued at approximately $4.2 million, according to a recent SEC Form 4 filing.
Transaction summary
Transaction value based on SEC Form 4 weighted average sale price ($103.97); post-transaction value based on September 16, 2026 market close ($103.50).
Key questions
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What was the structure of the reported transactions?
The sale was a scheduled disposition rather than a discretionary trade. Gang Ye utilized a Rule 10b5-1 trading plan, which allows insiders to set up a pre-determined schedule for selling stock to manage portfolio diversification or liquidity needs. -
What is the scale of the remaining equity position?
Following the transaction, Gang Ye maintains a substantial stake in Sea Limited, holding approximately 21.0 million shares. This position consists of ~20.4 million shares held directly and 638,792 shares held indirectly through a BVI entity, representing a total market value of $2.18 billion as of the September 16, 2026 market close. -
How has the stock performed relative to this activity?
The stock was priced at $103.50 at the September 16, 2026 market close. This valuation follows a 12-month period where the share price declined by 45% as of the transaction date. -
What is the broader context of the company’s financial operations?
Sea Limited, which operates digital entertainment, e-commerce, and financial services platforms, reported trailing twelve-month revenue of $27.7 billion and net income of $1.6 billion. The company employs 102,700 full-time personnel and maintains a market capitalization of $58.7 billion as of the latest data.
Company Overview
Company Snapshot
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Sea Limited operates three core business segments: digital entertainment through its Garena platform offering online games and eSports events, e-commerce operations serving consumers across multiple regions, and digital financial services providing payment and fintech solutions to its user base.
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The company generates revenue through multiple monetization channels including in-game purchases and advertising within its digital entertainment platform, transaction fees and take-rates from e-commerce marketplace operations, and service fees from its digital financial services offerings.
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Sea Limited serves a diverse customer base spanning Southeast Asia, Latin America, and broader Asian markets, targeting digital-native consumers and merchants seeking entertainment, shopping, and financial services solutions in emerging markets.
