Sea Limited’s CCO sold $387,750 in shares under a prearranged trading plan amid strong financial performance.
Sea Limited’s Chief Commercial Officer and General Counsel, Yanjun Wang, sold 3,000 Class A ordinary shares on August 11 and 12 at a weighted average price of $129.25, totaling approximately $387,750. The transaction was executed under a Rule 10b5-1 trading plan adopted in March, designed to prevent insider trading concerns.
The sale represents a minor reduction in Wang’s holdings, which remain substantial at 1,162,442 directly held shares and 7,000 indirectly held shares. Sea Limited reported trailing 12-month revenue of $25.2 billion and net income of $1.6 billion, operating across digital entertainment, e-commerce, and financial services.
Shares closed at $128.11 on August 12, slightly below the sale price, reflecting stable market conditions following the disclosure.