Monitor upcoming earnings and capital allocation plans — such concentrated selling, especially by a major insider like Ma David Y, may signal reduced conviction ahead of potential headwinds. While not yet alarming at 0.029% of market cap, the dominance of one director raises governance questions. Watch for follow-up filings or commentary.
Price Chart
Executive Summary
Four Sea Ltd insiders, including COO Ye Gang and Director Ma David Y, sold shares in a coordinated cluster over seven days, totaling $14.7M in open-market sales. The largest contributor was Ma David Y, who sold over 156,000 shares for $13.9M, while executive sales were more modest. This represents a material insider selling wave, concentrated among senior leadership.
Key Financial Metrics
Key Facts
- Insider cluster spans 7 days (2026-04-20 to 2026-04-23) with 14 open-market sell transactions totaling $14.7 million
- Total value of sales represents ~0.029% of Sea Ltd's $51.1B market cap — modest in relative terms but notable due to concentration among C-suite and director
- Ma David Y (Director) sold 156,574 shares for $13.92M, accounting for ~94% of total cluster value
- COO Ye Gang sold 15,700 shares for $1.31M; CPO Chen Jingye and CCO Wang Yanjun sold ~$100K each
- All transactions were open-market sales (Form 4 'S' code), not tax-related or derivative events
Financial Impact
$14.7 million in insider sales over 7 days
Risk Factors
- Perception of insider pessimism, particularly given Ma David Y's outsized sale
- Potential for negative market reaction if no clear rationale (e.g., estate planning) is disclosed
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-SE-1777025065754 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | Insider Cluster | $102.65 $105.24 | ▲ +2.52% | ▲ +2.19% | $96.25 (−6.23%) |
Sep 11, 2026 21d ago | Insider Cluster | $106.24 $108.68 | ▼ −2.30% | ▼ −2.74% | $96.25 (+9.40%) |
Sep 4, 2026 28d ago | Insider Cluster | $112.09 $113.33 | ▲ +1.11% | ▲ +1.66% | $96.25 (−14.13%) |
Sep 2, 2026 4w ago | Insider Cluster | $112.81 $113.10 | ▲ +0.26% | ▼ −0.79% | $96.25 (−14.68%) |
Sep 1, 2026 4w ago | Insider Cluster | $112.65 $112.81 | ▲ +0.14% | ▼ −0.30% | $96.25 (−14.56%) |
Aug 27, 2026 5w ago | Insider Cluster | $118.32 $119.36 | ▲ +0.88% | ▲ +1.11% | $96.25 (−18.65%) |
Aug 25, 2026 5w ago | 6-K | $123.18 $119.12 | ▼ −3.30% | ▼ −3.32% | $96.25 (−21.86%) |
Aug 25, 2026 5w ago | Insider Cluster | $123.18 $119.12 | ▼ −3.30% | ▼ −3.32% | $96.25 (−21.86%) |
Aug 21, 2026 6w ago | Insider Cluster | $117.53 $115.68 | ▼ −1.57% | ▼ −1.28% | $96.25 (−18.11%) |
Aug 20, 2026 6w ago | Insider Cluster | $117.24 $117.53 | ▼ −0.25% | ▲ +0.16% | $96.25 (+17.90%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access