A Sea Limited Insider Sold Into a Strong Quarter. Here's What to Know
This disposition reduced an equity stake by 45% under a pre-scheduled Rule 10b5-1 trading plan adopted last year.
Overview
Li Xiaodong, the chairman and CEO of Sea Limited (NYSE:SE), reported a sale of about 1.1 million Class A ordinary shares on August 11, according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($129.80); post-transaction value based on the August 11 market close ($131.51).
Details
Sea Limited is a leading digital platform operator with a market capitalization of $70 billion, generating $25.2 billion in TTM revenue across three core business segments. The company leverages its diversified portfolio to capture multiple revenue streams within high-growth emerging markets, establishing a competitive moat through integrated digital services that drive cross-platform user engagement and ecosystem stickiness.
Source
Originally published at www.fool.com.