A Sea Limited Co-Founder Still Holds 21.6 Million Shares After Selling. Here's How to Read It
This liquidation was executed under a pre-scheduled Rule 10b5-1 plan adopted last September, with the executive retaining substantial ownership afterward.
Overview
Ye Gang, the COO of Sea Limited (NYSE:SE), reported a sale of 60,000 Class A ordinary shares in a filing with the Securities and Exchange Commission on August 13, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($128.99); post-transaction value based on the August 12 market close ($128.11).
Details
Sea Limited is a leading digital platform operator in Southeast Asia with a $70 billion market capitalization and TTM revenues of $25.2 billion, demonstrating significant scale across three core business verticals. The company leverages its integrated ecosystem to capture value across the digital entertainment, e-commerce, and fintech sectors, positioning itself as a comprehensive digital services provider for emerging markets. With operations spanning multiple geographies, Sea Limited benefits from network effects and cross-platform synergies that enhance customer acquisition efficiency and lifetime value.
Source
Originally published at www.fool.com.