The $2.54M in insider sales is noise for a $51B company. Director Ma's $2.47M sale is likely personal portfolio rebalancing, not a signal of deteriorating fundamentals. Monitor the next earnings release for any guidance changes, but this cluster alone does not warrant a trading response.
Price Chart
Executive Summary
Four Sea Ltd insiders, including COO Ye Gang and Director Ma David Y, sold a total of $2.54M in open-market sales over a 7-day window ending April 28, 2026. Director Ma's $2.47M sale accounts for 97% of the cluster value, representing ~0.005% of Sea's $51B market cap — a trivial proportion. The cluster is overwhelmingly selling but immaterial relative to company size, making it a routine diversification event with no actionable signal.
Key Financial Metrics
Key Facts
- 4 insiders sold shares totaling $2.54M in open-market transactions from April 21-28, 2026
- Director Ma David Y sold 28,300 shares for $2.47M on April 21 — 97% of total cluster value
- COO Ye Gang sold 420 shares for $36K on April 27; CPO Chen Jingye sold 384 shares for $33K on April 28
- Total sales represent ~0.005% of Sea's $51B market cap — well below the 0.1% materiality threshold
- No insider purchases were reported in the cluster window
- All transactions were open-market sales (code S) — no non-cash transactions involved
Financial Impact
Total insider sales of $2.54M against a $51B market cap — negligible economic impact
Risk Factors
- Insider selling could accelerate if upcoming earnings disappoint, but current volume is immaterial
- No insider buying to offset selling — continued selling at higher volumes would be more concerning
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-1777544173305 |
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
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