Zhao Feng sold $3.8M of SE (indirect holdings)
Zhao Feng (President of Garena) sold 40,000 indirectly-held shares of Sea Ltd (SE) at an average of $95.02 ($94.43–$96.04, $3.80M total) across 3 trades on 2026-10-01 under a Rule 10b5-1 trading plan.
How this was made
The 30-second read
Why it matters
The disclosed sale provides fresh data on insider sentiment, which can influence short‑term trading decisions.
Market read
A senior executive's $3.8M share sale may create modest downward pressure on SE stock, but the impact is likely limited.
What to watch
Potential upcoming corporate actions or market conditions that prompted the 10b5‑1 plan are not disclosed.
Background
SEC Form 4 filing discloses insider transactions; such filings are primary sources for insider activity.
Ticker impact
President of Garena sold 40,000 shares for $3.8M via a 10b5‑1 plan, reducing his stake to 93,580 shares.
likely pressure as the market prices in the insider sell
A $3.8M sale by a senior executive is material but not large enough to trigger a major move; traders may watch for further insider activity.
Market effects
Minimal; the sale does not affect the broader internet/entertainment sector.
Limited to investors tracking Sea Ltd and Garena-related holdings.
Low; no broader market impact.
Counterpoint
The sale could be a routine liquidity event unrelated to company fundamentals, so the stock may remain stable.
Key entities
- companySea Ltd
Parent company of Garena, ticker SE.
- personZhao Feng
President of Garena and insider of Sea Ltd.


