A Sea Limited President Trimmed His Stake by $4 Million. Here's What to Know
This move reflects routine portfolio rebalancing under a pre-scheduled trading plan adopted in March.
Overview
President Zhimin Feng sold 30,000 Class A ordinary shares of Sea Limited (NYSE:SE) for approximately $3.9 million on August 11 and August 12, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($129.35); 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 $76.9 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.