This insider selling cluster is too small relative to Sea Ltd's $74.7B market cap to signal material bearish conviction. Monitor next quarterly earnings (expected late November) for any guidance changes, but this cluster alone does not warrant a trading response.
Price Chart
Executive Summary
Six Sea Ltd insiders, including Chairman/CEO Li Xiaodong and CFO Hou Tianyu, sold a combined $16.22M in shares over a 7-day window ending August 13, 2026. The CEO's $13.46M sale dominates the cluster, representing ~0.02% of the $74.7B market cap — a trivial proportion. While the cluster includes multiple C-suite executives, the dollar amounts are immaterial relative to company size, and insider sales are generally weak predictors of future returns per academic literature. The historical calibration shows this filing type has a net average alpha of +0.31% at T+20, and all cross-filing combos are amplifiers, but the standalone cluster is too small to warrant a directional call.
Key Financial Metrics
Key Facts
- Six insiders sold shares totaling $16.22M over Aug 6-13, 2026
- CEO Li Xiaodong sold 105.5K shares for $13.46M, representing 83% of total cluster value
- CFO Hou Tianyu sold 5K shares for $641K; COO Ye Gang sold 10.2K shares for $1.31M
- Total cluster value is ~0.02% of Sea Ltd's $74.7B market cap — well below the 0.1% materiality threshold
- All trades are open-market sales (code S); no buys in the cluster
- Prior 30-day insider activity shows 10 sells totaling $4.5M, consistent with routine pattern
Financial Impact
Total insider sales of $16.22M represent ~0.02% of market cap — immaterial
Risk Factors
- Insider sales could accelerate if management sees headwinds in gaming (Garena) or e-commerce (Shopee) segments
- CEO's $13.46M sale may attract media attention despite being immaterial relative to his total holdings
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-1786964484024 |
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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