Zhimin Feng disposed of 30,000 Class A shares via a Rule 10b5-1 plan, reducing holdings but retaining over 1 million shares.
Sea Limited President Zhimin Feng sold 30,000 Class A ordinary shares for approximately $3.9 million on August 11 and 12. The transaction was executed under a Rule 10b5-1 trading plan adopted in March, ensuring pre-scheduled liquidity without timing the market.
Shares were sold at weighted average prices ranging from $126.28 to $131.70, based on SEC filings. Post-sale, Feng retains 1,003,969 Class A shares directly, alongside indirectly held stakes. The $3.9 million disposal represents a minor fraction of Sea Limited’s $70 billion market capitalization.
The company operates a diversified digital ecosystem, including e-commerce and digital financial services across Southeast Asia and Latin America.