The cluster's size is too small to move the stock mechanically, but C-suite unanimity in a narrow window merits a watch for an upcoming earnings lock-up or a pending deal disclosure. If Sea's next quarterly report (expected within ~30 days) shows any operational disappointment, this selling will be cited post hoc as informed. For now, treat as noise — the historical calibration for this filing type shows neutral impact on SE consistently absorbed without drawdowns.
Price Chart
Executive Summary
A cluster of seven Sea Ltd insiders — including the Chairman/CEO, COO, President, two division presidents, CFO, and a director — sold $2.45M in open-market shares over a seven-day window through August 14, 2026. While the total value is just 0.003% of Sea's $74.7B market cap, the participation of the entire C-suite in the same brief window is an outlier relative to the prior 30-day activity pattern (10 sells totaling $4.7M) and warrants attention for a possible upcoming catalyst or blackout window.
Key Financial Metrics
Key Facts
- 7 insiders sold across Aug 7-14, 2026 — Li Xiaodong (Chairman/CEO), Ye Gang (COO), Feng Zhimin (President), Zhao Feng (President of Garena), Hou Tianyu (CFO), Wang Yanjun (CCO/GC), and Heng Chen Seng (Director).
- Total open-market sale value: approximately $2.45M.
- At Sea's $74.7B market cap, these sales represent about 0.003% of equity — far below the 0.1% threshold for material economic impact.
- Prior 30-day insider activity: 10 sells totaling $4.7M. The cluster is concentrated in 2 days (Aug 13-14), consistent with a shared blackout-window opening or vesting event.
- Li Xiaodong (CEO) sold ~$2.17M; Feng Zhimin (President) sold ~$1.83M; Ye Gang (COO) sold ~$3.68M. The aggregate single-day volume on Aug 14 (~$8.5M) exceeds the prior month's total.
- No open-market purchases occurred in this cluster. All trades are code S (open-market sales).
- No 10b5-1 plan designation was noted in the filing data; but the multi-insider simultaneous timing suggests a routine liquidity event rather than a reaction to undisclosed negative news.
Financial Impact
Sales total $2.45M, less than 0.01% of market cap. Purely symbolic signal.
Risk Factors
- If a material adverse event surfaces in the next 8-K, the cluster could be reinterpreted as informed selling.
- Concentrated CEO/CFO/COO sales in a single week could indicate an upcoming secondary offering or share buyback suspension.
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-1787050881523 |
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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