Zhao Feng sold $240K of SE (indirect holdings)
Zhao Feng (President of Garena) sold 2,000 indirectly-held shares of Sea Ltd (SE) at $120.16 ($0.24M total) on 2026-08-17 under a Rule 10b5-1 trading plan.
How this was made
The 30-second read
Why it matters
The disclosed sale is a routine insider transaction with limited market impact.
Market read
Provides a factual update on insider holdings; useful for compliance monitoring but low trading relevance.
What to watch
The sale was pre‑arranged under a 10b5‑1 plan, reducing the likelihood of new information driving the trade.
Background
SEC Form 4 filing discloses insider transactions for public companies.
Ticker impact
Zhao Feng, President of Garena, sold 2,000 Sea Ltd shares for $240,320 via a 10b5‑1 plan.
No material price movement expected.
The transaction size ($240k) is modest relative to Sea Ltd's market cap; insider sales of this magnitude rarely move the stock.
Market effects
None significant; the sale does not affect the broader internet services sector.
Limited to investors tracking Sea Ltd; no broader regional effect.
Minimal global relevance.
Counterpoint
If the insider is reducing exposure, it could signal concerns about upcoming performance.
Key entities
- CompanySea Ltd
Global consumer internet platform listed on NYSE under ticker SE.
- IndividualZhao Feng
President of Garena, an operating unit of Sea Ltd.


